Advisory Services Network LLC Acquires New Position in Ubiquiti Inc. (NYSE:UI)

Advisory Services Network LLC acquired a new stake in Ubiquiti Inc. (NYSE:UI - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 946 shares of the company's stock, valued at approximately $314,000.

A number of other institutional investors have also recently added to or reduced their stakes in UI. Farther Finance Advisors LLC increased its position in Ubiquiti by 47.0% during the fourth quarter. Farther Finance Advisors LLC now owns 122 shares of the company's stock worth $40,000 after buying an additional 39 shares in the last quarter. Venturi Wealth Management LLC grew its holdings in shares of Ubiquiti by 71.1% during the fourth quarter. Venturi Wealth Management LLC now owns 130 shares of the company's stock worth $43,000 after buying an additional 54 shares in the last quarter. Blue Trust Inc. raised its position in shares of Ubiquiti by 78.8% in the fourth quarter. Blue Trust Inc. now owns 143 shares of the company's stock valued at $47,000 after buying an additional 63 shares during the last quarter. Financial Perspectives Inc lifted its stake in shares of Ubiquiti by 152.2% during the fourth quarter. Financial Perspectives Inc now owns 169 shares of the company's stock valued at $56,000 after buying an additional 102 shares during the period. Finally, Principal Securities Inc. boosted its position in Ubiquiti by 89.3% during the fourth quarter. Principal Securities Inc. now owns 229 shares of the company's stock worth $76,000 after acquiring an additional 108 shares during the last quarter. Hedge funds and other institutional investors own 4.00% of the company's stock.

Insider Buying and Selling

In related news, CAO Kevin Radigan sold 1,000 shares of the company's stock in a transaction on Wednesday, February 12th. The shares were 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 directly owns 2,484 shares of the company's stock, valued at approximately $864,407.16. This represents a 28.70 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 93.10% of the company's stock.

Ubiquiti Trading Down 3.3 %

NYSE:UI traded down $9.99 during trading hours on Friday, reaching $296.55. 99,785 shares of the company were exchanged, compared to its average volume of 81,058. The firm has a market cap of $17.94 billion, a price-to-earnings ratio of 40.29 and a beta of 1.31. The stock has a 50 day simple moving average of $316.19 and a 200 day simple moving average of $326.17. Ubiquiti Inc. has a 52-week low of $104.46 and a 52-week high of $469.98. 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 (NYSE:UI - Get Free Report) last issued its earnings results on Friday, February 14th. The company reported $2.26 earnings per share for the quarter, topping the consensus estimate 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 company posted $1.36 EPS. As a group, analysts predict that Ubiquiti Inc. will post 7.21 EPS for the current year.

Ubiquiti Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, February 24th. Stockholders of record on Tuesday, February 18th were issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date was Tuesday, February 18th. Ubiquiti's payout ratio is currently 32.61%.

Wall Street Analysts Forecast Growth

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

Ubiquiti Profile

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.