Quantbot Technologies LP Takes $932,000 Position in Ubiquiti Inc. (NYSE:UI)

Quantbot Technologies LP bought a new stake in Ubiquiti Inc. (NYSE:UI - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 2,809 shares of the company's stock, valued at approximately $932,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Semanteon Capital Management LP lifted its position in shares of Ubiquiti by 61.8% in the fourth quarter. Semanteon Capital Management LP now owns 4,374 shares of the company's stock valued at $1,452,000 after buying an additional 1,671 shares during the last quarter. Harvest Fund Management Co. Ltd lifted its holdings in Ubiquiti by 578.2% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 3,866 shares of the company's stock valued at $1,284,000 after purchasing an additional 3,296 shares during the last quarter. Xponance Inc. acquired a new stake in Ubiquiti during the 4th quarter valued at $253,000. Signaturefd LLC boosted its position in Ubiquiti by 66.5% during the fourth quarter. Signaturefd LLC now owns 423 shares of the company's stock worth $140,000 after purchasing an additional 169 shares during the period. Finally, Farther Finance Advisors LLC increased its holdings in shares of Ubiquiti by 47.0% in the fourth quarter. Farther Finance Advisors LLC now owns 122 shares of the company's stock valued at $40,000 after purchasing an additional 39 shares during the last quarter. Institutional investors own 4.00% of the company's stock.

Ubiquiti Stock Performance

UI stock traded up $0.08 during trading hours on Friday, hitting $309.68. 63,193 shares of the stock were exchanged, compared to its average volume of 79,652. Ubiquiti Inc. has a 12 month low of $104.24 and a 12 month 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 firm has a market capitalization of $18.73 billion, a P/E ratio of 42.08 and a beta of 1.12. The company has a 50-day simple moving average of $351.20 and a two-hundred day simple moving average of $317.50.

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Ubiquiti (NYSE:UI - Get Free Report) last released its quarterly earnings results on Friday, February 14th. The company reported $2.26 EPS for the quarter, topping 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 business earned $1.36 EPS. On average, analysts forecast 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. Stockholders of record on Tuesday, February 18th were given a $0.60 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.77%. Ubiquiti's payout ratio is 32.61%.

Insider Activity at Ubiquiti

In related news, CAO Kevin Radigan sold 1,000 shares of the company's stock in a transaction dated 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 sale, the chief accounting officer now owns 2,484 shares of the company's stock, valued at $864,407.16. This represents a 28.70 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 93.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have recently issued reports on UI. BWS Financial restated a "buy" rating and set a $440.00 target price on shares of Ubiquiti in a research note on Monday, February 10th. Barclays cut their price objective on shares of Ubiquiti from $236.00 to $222.00 and set an "underweight" rating for the company in a research report on Monday, February 10th.

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.