Monument Capital Management purchased a new stake in shares of Ubiquiti Inc. (NYSE:UI - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,065 shares of the company's stock, valued at approximately $354,000.
Other institutional investors have also recently added to or reduced their stakes in the company. Huntington National Bank lifted its holdings in Ubiquiti by 267.6% during the 3rd quarter. Huntington National Bank now owns 125 shares of the company's stock valued at $28,000 after purchasing an additional 91 shares during the last quarter. Blue Trust Inc. raised its stake in shares of Ubiquiti by 78.8% in the fourth quarter. Blue Trust Inc. now owns 143 shares of the company's stock worth $47,000 after acquiring an additional 63 shares during the last quarter. Raleigh Capital Management Inc. bought a new position in shares of Ubiquiti in the third quarter worth about $47,000. Principal Securities Inc. raised its stake in shares of Ubiquiti by 89.3% in 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. Finally, Hanseatic Management Services Inc. bought a new position in shares of Ubiquiti in the third quarter worth about $76,000. 4.00% of the stock is owned by institutional investors.
Analyst Ratings Changes
A number of brokerages have weighed in on UI. StockNews.com raised shares of Ubiquiti from a "hold" rating to a "buy" rating in a research note on Sunday, November 17th. BWS Financial reaffirmed a "buy" rating and issued a $440.00 target price on shares of Ubiquiti in a research note on Monday, February 10th. Finally, Barclays dropped their target price on shares of Ubiquiti from $236.00 to $222.00 and set an "underweight" rating for the company in a research note on Monday, February 10th.
View Our Latest Stock Report on UI
Ubiquiti Trading Down 1.2 %
Shares of NYSE:UI traded down $4.27 during trading on Thursday, hitting $337.60. 129,817 shares of the company's stock were exchanged, compared to its average volume of 110,961. Ubiquiti Inc. has a 1-year low of $104.24 and a 1-year high of $469.98. The firm has a 50-day moving average price of $369.78 and a two-hundred day moving average price of $290.79. 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 firm has a market cap of $20.42 billion, a P/E ratio of 45.87 and a beta of 1.14.
Ubiquiti (NYSE:UI - Get Free Report) last issued its quarterly earnings results on Friday, February 14th. The company reported $2.26 EPS for the quarter, topping the consensus estimate 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 in the previous year, the business posted $1.36 earnings per share. Equities analysts predict that Ubiquiti Inc. will post 7.21 earnings per share for the current year.
Ubiquiti Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 24th. Investors of record on Tuesday, February 18th will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date of this dividend is Tuesday, February 18th. Ubiquiti's dividend payout ratio is currently 32.61%.
Insider Activity at Ubiquiti
In related news, CAO Kevin Radigan sold 1,000 shares of the business's stock in a transaction that occurred 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 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 93.10% of the company's stock.
About Ubiquiti
(
Free Report)
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.
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