46,470 Shares in Ubiquiti Inc. (NYSE:UI) Purchased by Proficio Capital Partners LLC

Proficio Capital Partners LLC acquired a new stake in Ubiquiti Inc. (NYSE:UI - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 46,470 shares of the company's stock, valued at approximately $15,425,000. Proficio Capital Partners LLC owned 0.08% of Ubiquiti at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. West Michigan Advisors LLC bought a new position in Ubiquiti in the fourth quarter worth $294,000. Versor Investments LP lifted its position in Ubiquiti by 254.5% in the fourth quarter. Versor Investments LP now owns 3,900 shares of the company's stock worth $1,295,000 after purchasing an additional 2,800 shares during the period. Los Angeles Capital Management LLC bought a new position in Ubiquiti in the fourth quarter worth $8,619,000. Ieq Capital LLC lifted its position in Ubiquiti by 169.8% in the fourth quarter. Ieq Capital LLC now owns 5,565 shares of the company's stock worth $1,847,000 after purchasing an additional 3,502 shares during the period. Finally, Financial Perspectives Inc lifted its position in Ubiquiti by 152.2% in the fourth quarter. Financial Perspectives Inc now owns 169 shares of the company's stock worth $56,000 after purchasing an additional 102 shares during the period. 4.00% of the stock is owned by institutional investors.

Ubiquiti Price Performance

Shares of NYSE UI traded down $3.79 during midday trading on Tuesday, reaching $315.51. 71,652 shares of the company traded hands, compared to its average volume of 77,447. The firm has a market cap of $19.09 billion, a PE ratio of 42.87 and a beta of 1.12. The stock's 50-day simple moving average is $362.23 and its 200-day simple moving average is $309.58. Ubiquiti Inc. has a 12 month low of $104.24 and a 12 month high of $469.98. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.98 and a current ratio of 2.22.

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Ubiquiti (NYSE:UI - Get Free Report) last issued its quarterly earnings data on Friday, February 14th. The company reported $2.26 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 quarter in the previous year, the firm earned $1.36 earnings per share. As a group, equities analysts anticipate that Ubiquiti Inc. will post 7.21 earnings per share for the current fiscal year.

Ubiquiti Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, February 24th. Stockholders of record on Tuesday, February 18th were paid a $0.60 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.76%. Ubiquiti's dividend payout ratio (DPR) is presently 32.61%.

Wall Street Analysts Forecast Growth

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

Insider Activity

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

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.