GSA Capital Partners LLP Has $1.62 Million Stake in Ubiquiti Inc. (NYSE:UI)

GSA Capital Partners LLP trimmed its holdings in Ubiquiti Inc. (NYSE:UI - Free Report) by 34.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 7,300 shares of the company's stock after selling 3,916 shares during the period. GSA Capital Partners LLP's holdings in Ubiquiti were worth $1,619,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. SW Investment Management LLC increased its holdings in Ubiquiti by 9.1% in the second quarter. SW Investment Management LLC now owns 300,000 shares of the company's stock valued at $43,698,000 after buying an additional 25,000 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Ubiquiti by 1.5% during the second quarter. Bank of New York Mellon Corp now owns 139,704 shares of the company's stock worth $20,349,000 after purchasing an additional 2,041 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Ubiquiti by 24.1% during the first quarter. Vanguard Group Inc. now owns 97,817 shares of the company's stock worth $11,332,000 after purchasing an additional 18,986 shares in the last quarter. Millennium Management LLC increased its position in shares of Ubiquiti by 86.2% during the second quarter. Millennium Management LLC now owns 58,349 shares of the company's stock worth $8,499,000 after purchasing an additional 27,011 shares in the last quarter. Finally, AQR Capital Management LLC increased its position in shares of Ubiquiti by 88.8% during the second quarter. AQR Capital Management LLC now owns 23,546 shares of the company's stock worth $3,372,000 after purchasing an additional 11,076 shares in the last quarter. 4.00% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. StockNews.com raised Ubiquiti from a "hold" rating to a "buy" rating in a research note on Monday. BWS Financial upped their target price on Ubiquiti from $240.00 to $385.00 and gave the company a "buy" rating in a research note on Monday. Finally, Barclays boosted their price target on Ubiquiti from $104.00 to $236.00 and gave the company an "underweight" rating in a report on Monday.

Ubiquiti Price Performance

Shares of NYSE UI traded down $12.03 during mid-day trading on Wednesday, reaching $337.45. 94,687 shares of the company traded hands, compared to its average volume of 77,239. Ubiquiti Inc. has a fifty-two week low of $104.24 and a fifty-two week high of $355.31. The company has a debt-to-equity ratio of 2.80, a current ratio of 2.54 and a quick ratio of 1.59. The firm has a market cap of $20.41 billion, a PE ratio of 52.63 and a beta of 1.13. The stock has a fifty day simple moving average of $237.09 and a 200-day simple moving average of $184.15.

Ubiquiti (NYSE:UI - Get Free Report) last posted its quarterly earnings data on Friday, August 23rd. The company reported $1.74 EPS for the quarter, missing analysts' consensus estimates of $1.91 by ($0.17). The firm had revenue of $507.50 million during the quarter, compared to analyst estimates of $538.23 million. Ubiquiti had a return on equity of 532.06% and a net margin of 19.36%. The firm's revenue for the quarter was up 3.3% on a year-over-year basis. Equities research analysts anticipate that Ubiquiti Inc. will post 7.09 EPS for the current fiscal year.

Ubiquiti Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 25th. Stockholders of record on Monday, November 18th will be issued a dividend of $0.60 per share. The ex-dividend date is Monday, November 18th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.71%. Ubiquiti's dividend payout ratio is currently 37.15%.

Ubiquiti Company 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.