Abacus FCF Advisors LLC Purchases Shares of 4,390 Ubiquiti Inc. (NYSE:UI)

Abacus FCF Advisors LLC purchased a new stake in Ubiquiti Inc. (NYSE:UI - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 4,390 shares of the company's stock, valued at approximately $1,457,000.

Other institutional investors also recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership raised its stake in shares of Ubiquiti by 926.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 113,305 shares of the company's stock worth $37,609,000 after purchasing an additional 102,268 shares during the last quarter. Norges Bank acquired a new stake in Ubiquiti during the 4th quarter valued at approximately $16,166,000. Proficio Capital Partners LLC purchased a new stake in shares of Ubiquiti in the 4th quarter valued at $15,425,000. Pacer Advisors Inc. raised its holdings in shares of Ubiquiti by 95.0% during the fourth quarter. Pacer Advisors Inc. now owns 61,825 shares of the company's stock worth $20,522,000 after purchasing an additional 30,118 shares during the last quarter. Finally, Wealthfront Advisers LLC purchased a new stake in Ubiquiti in the fourth quarter valued at $9,274,000. 4.00% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently commented on the company. BWS Financial reaffirmed a "buy" rating and set a $440.00 target price on shares of Ubiquiti in a report on Friday, April 4th. Barclays decreased their target price on Ubiquiti from $236.00 to $222.00 and set an "underweight" rating on the stock in a research report on Monday, February 10th.

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Insider Buying and Selling

In other Ubiquiti news, CAO Kevin Radigan sold 1,000 shares of the firm's stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $347.99, for a total transaction of $347,990.00. Following the completion of the sale, the chief accounting officer now owns 2,484 shares of the company's stock, valued at $864,407.16. This trade represents a 28.70 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 93.10% of the stock is owned by company insiders.

Ubiquiti Price Performance

UI traded up $7.08 on Monday, reaching $315.25. 15,091 shares of the company's stock were exchanged, compared to its average volume of 102,326. The stock has a market cap of $19.07 billion, a PE ratio of 42.83 and a beta of 1.31. The company has a debt-to-equity ratio of 1.31, a current ratio of 2.22 and a quick ratio of 0.98. Ubiquiti Inc. has a twelve month low of $104.24 and a twelve month high of $469.98. The stock's fifty day moving average price is $324.85 and its 200-day moving average price is $324.02.

Ubiquiti (NYSE:UI - Get Free Report) last posted its quarterly earnings results on Friday, February 14th. The company reported $2.26 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.14 by $0.12. Ubiquiti had a return on equity of 296.82% and a net margin of 20.68%. During the same period last year, the firm earned $1.36 earnings per share. Sell-side analysts expect that Ubiquiti Inc. will post 7.21 EPS for the current year.

Ubiquiti Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 24th. Investors of record on Tuesday, February 18th were issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date was Tuesday, February 18th. Ubiquiti's dividend payout ratio is currently 32.61%.

About Ubiquiti

Ubiquiti Inc develops networking technology for service providers, enterprises, and consumers. The company develops technology platforms for high-capacity distributed Internet access, unified information technology, and consumer electronics for professional, home, and personal use. Its service provider product platforms offer carrier-class network infrastructure for fixed wireless broadband, wireless backhaul systems, and routing and related software; and enterprise product platforms provide wireless LAN infrastructure, video surveillance products, switching and routing solutions, security gateways, door access systems, and other WLAN products.