AXQ Capital LP Acquires Shares of 1,148 Ubiquiti Inc. (NYSE:UI)

AXQ Capital LP purchased a new stake in Ubiquiti Inc. (NYSE:UI - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 1,148 shares of the company's stock, valued at approximately $381,000.

Several other institutional investors and hedge funds also recently made changes to their positions in UI. Farther Finance Advisors LLC raised its stake 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 during the last quarter. Venturi Wealth Management LLC grew its holdings in Ubiquiti by 71.1% during the 4th quarter. Venturi Wealth Management LLC now owns 130 shares of the company's stock worth $43,000 after acquiring an additional 54 shares during the period. Blue Trust Inc. raised its position in shares of Ubiquiti by 78.8% in the 4th quarter. Blue Trust Inc. now owns 143 shares of the company's stock worth $47,000 after acquiring an additional 63 shares in the last quarter. Financial Perspectives Inc lifted its stake in shares of Ubiquiti by 152.2% in the 4th quarter. Financial Perspectives Inc now owns 169 shares of the company's stock valued at $56,000 after purchasing an additional 102 shares during the period. Finally, Principal Securities Inc. lifted its stake in shares of Ubiquiti by 89.3% in the 4th quarter. Principal Securities Inc. now owns 229 shares of the company's stock valued at $76,000 after purchasing an additional 108 shares during the period. Institutional investors and hedge funds own 4.00% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on UI. BWS Financial reaffirmed a "buy" rating and set a $440.00 target price on shares of Ubiquiti in a research note on Monday, February 10th. Barclays reduced their price objective on shares of Ubiquiti from $236.00 to $222.00 and set an "underweight" rating for the company in a research report on Monday, February 10th.

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Insider Buying and Selling at Ubiquiti

In other Ubiquiti news, CAO Kevin Radigan sold 1,000 shares of Ubiquiti stock in a transaction dated 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 transaction, the chief accounting officer now owns 2,484 shares in the company, valued at approximately $864,407.16. The trade was a 28.70 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 93.10% of the stock is currently owned by company insiders.

Ubiquiti Stock Down 1.6 %

Shares of UI stock traded down $4.92 on Thursday, reaching $309.38. 52,711 shares of the company were exchanged, compared to its average volume of 77,691. The company has a debt-to-equity ratio of 1.31, a current ratio of 2.22 and a quick ratio of 0.98. The company has a 50-day moving average of $355.16 and a 200-day moving average of $315.04. The company has a market cap of $18.71 billion, a price-to-earnings ratio of 42.03 and a beta of 1.12. Ubiquiti Inc. has a one year low of $104.24 and a one year high of $469.98.

Ubiquiti (NYSE:UI - Get Free Report) last announced its quarterly earnings results on Friday, February 14th. The company reported $2.26 earnings per share (EPS) 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 earned $1.36 EPS. Analysts anticipate that Ubiquiti Inc. will post 7.21 earnings per share for the current year.

Ubiquiti Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, February 24th. Investors of record on Tuesday, February 18th were given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 0.78%. The ex-dividend date of this dividend was Tuesday, February 18th. Ubiquiti's 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.