Peapod Lane Capital LLC Invests $1.22 Million in Universal Electronics Inc. (NASDAQ:UEIC)

Peapod Lane Capital LLC purchased a new stake in shares of Universal Electronics Inc. (NASDAQ:UEIC - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 110,496 shares of the technology company's stock, valued at approximately $1,215,000. Peapod Lane Capital LLC owned approximately 0.85% of Universal Electronics at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Victory Capital Management Inc. lifted its stake in Universal Electronics by 4.3% in the third quarter. Victory Capital Management Inc. now owns 53,703 shares of the technology company's stock valued at $496,000 after buying an additional 2,203 shares during the last quarter. Empowered Funds LLC grew its stake in shares of Universal Electronics by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 42,980 shares of the technology company's stock worth $397,000 after purchasing an additional 2,144 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Universal Electronics by 15.2% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 65,979 shares of the technology company's stock worth $609,000 after acquiring an additional 8,706 shares during the last quarter. Jane Street Group LLC purchased a new position in shares of Universal Electronics in the third quarter worth approximately $163,000. Finally, Barclays PLC grew its position in Universal Electronics by 33.5% during the 3rd quarter. Barclays PLC now owns 21,943 shares of the technology company's stock worth $202,000 after purchasing an additional 5,512 shares in the last quarter. 79.35% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Paul D. Arling sold 13,185 shares of the stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $11.73, for a total value of $154,660.05. Following the completion of the transaction, the chief executive officer now directly owns 283,615 shares of the company's stock, valued at approximately $3,326,803.95. This represents a 4.44 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 9.37% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

UEIC has been the topic of several research reports. B. Riley upgraded shares of Universal Electronics from a "neutral" rating to a "buy" rating and upped their price objective for the company from $11.00 to $14.00 in a research note on Monday, November 11th. Rosenblatt Securities upgraded Universal Electronics from a "neutral" rating to a "buy" rating and set a $15.00 price target for the company in a report on Friday, November 8th. Finally, StockNews.com upgraded Universal Electronics from a "buy" rating to a "strong-buy" rating in a research report on Monday, February 10th.

Universal Electronics Stock Up 0.3 %

Universal Electronics stock traded up $0.03 on Monday, hitting $9.79. The company's stock had a trading volume of 37,745 shares, compared to its average volume of 49,581. Universal Electronics Inc. has a one year low of $7.53 and a one year high of $14.20. The firm has a market cap of $127.56 million, a P/E ratio of -4.78, a price-to-earnings-growth ratio of 3.96 and a beta of 1.19. The company has a fifty day moving average price of $10.53 and a 200-day moving average price of $9.82.

About Universal Electronics

Universal Electronics Inc designs, develops, manufactures, ships, and supports control and sensor technology solutions in the United States, the People's Republic of China, rest of Asia, Europe, Latin America, and internationally. The company offers voice-enabled automatically-programmed universal two-way radio frequency, as well as infrared remote controls to video service providers, original equipment manufacturers (OEMs), retailers, and private label customers; wall-mount and handheld thermostat controllers and connected accessories for smart energy management systems to OEM customers, hotels, hospitality, and system integrators; proprietary and standards-based RF sensors for residential security, safety, and home automation applications; and integrated circuits on which its software and universal device control database is embedded to OEMs, video service providers, and private label customers.