Ubiquiti Inc. (NYSE:UI) is EntryPoint Capital LLC's 5th Largest Position

EntryPoint Capital LLC increased its position in Ubiquiti Inc. (NYSE:UI - Free Report) by 105.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 2,824 shares of the company's stock after acquiring an additional 1,450 shares during the quarter. Ubiquiti comprises 0.4% of EntryPoint Capital LLC's investment portfolio, making the stock its 5th largest holding. EntryPoint Capital LLC's holdings in Ubiquiti were worth $937,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of Ubiquiti by 2.5% during the fourth quarter. Vanguard Group Inc. now owns 94,505 shares of the company's stock valued at $31,369,000 after buying an additional 2,294 shares during the period. LPL Financial LLC lifted its stake in Ubiquiti by 4.1% during the fourth quarter. LPL Financial LLC now owns 5,297 shares of the company's stock worth $1,758,000 after purchasing an additional 210 shares during the last quarter. AXQ Capital LP purchased a new position in shares of Ubiquiti in the 4th quarter worth about $381,000. Sei Investments Co. bought a new position in shares of Ubiquiti during the 4th quarter valued at about $1,737,000. Finally, American Century Companies Inc. boosted its stake in Ubiquiti by 198.3% in the fourth quarter. American Century Companies Inc. now owns 3,237 shares of the company's stock worth $1,074,000 after buying an additional 2,152 shares in the last quarter. Institutional investors own 4.00% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on UI. Barclays lowered their price objective on shares of Ubiquiti from $236.00 to $222.00 and set an "underweight" rating for the company 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 Monday, February 10th.

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Ubiquiti Trading Up 0.0 %

UI stock traded up $0.08 during midday trading on Friday, hitting $309.68. The company had a trading volume of 63,193 shares, compared to its average volume of 79,652. The stock has a market cap of $18.73 billion, a price-to-earnings ratio of 42.08 and a beta of 1.12. Ubiquiti Inc. has a 52 week low of $104.24 and a 52 week high of $469.98. The company has a current ratio of 2.22, a quick ratio of 0.98 and a debt-to-equity ratio of 1.31. The stock's 50 day moving average price is $351.20 and its 200 day moving average price is $316.67.

Ubiquiti (NYSE:UI - Get Free Report) last posted its quarterly earnings results on Friday, February 14th. The company reported $2.26 EPS for the quarter, beating analysts' consensus estimates of $2.14 by $0.12. Ubiquiti had a net margin of 20.68% and a return on equity of 296.82%. During the same quarter last year, the company posted $1.36 earnings per share. As a group, equities research analysts expect that Ubiquiti Inc. will post 7.21 earnings per share for the current fiscal 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 issued a dividend of $0.60 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $2.40 dividend on an annualized basis and a yield of 0.77%. Ubiquiti's dividend payout ratio is presently 32.61%.

Insider Buying and Selling at Ubiquiti

In related news, CAO Kevin Radigan sold 1,000 shares of Ubiquiti stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $347.99, for a total value of $347,990.00. Following the sale, the chief accounting officer now owns 2,484 shares in the company, valued at $864,407.16. The trade was a 28.70 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 93.10% of the stock is currently owned by corporate insiders.

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.