Sei Investments Co. bought a new stake in shares of Ubiquiti Inc. (NYSE:UI - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 5,234 shares of the company's stock, valued at approximately $1,737,000.
Other institutional investors have also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company purchased a new position in Ubiquiti during the third quarter valued at $244,000. FMR LLC raised its position in shares of Ubiquiti by 200.8% during the 3rd quarter. FMR LLC now owns 2,764 shares of the company's stock worth $613,000 after purchasing an additional 1,845 shares during the last quarter. Verition Fund Management LLC purchased a new position in Ubiquiti in the 3rd quarter valued at about $626,000. Quantinno Capital Management LP boosted its holdings in Ubiquiti by 91.7% in the 3rd quarter. Quantinno Capital Management LP now owns 3,671 shares of the company's stock worth $814,000 after buying an additional 1,756 shares during the last quarter. Finally, Zacks Investment Management purchased a new stake in Ubiquiti during the 3rd quarter worth approximately $8,892,000. Institutional investors and hedge funds own 4.00% of the company's stock.
Insider Activity at Ubiquiti
In other news, CAO Kevin Radigan sold 1,000 shares of the stock in a transaction on Wednesday, February 12th. The stock was 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 directly owns 2,484 shares in the company, valued at approximately $864,407.16. This represents a 28.70 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 93.10% of the stock is currently owned by insiders.
Ubiquiti Price Performance
UI traded down $12.82 during trading on Thursday, reaching $297.75. The company's stock had a trading volume of 96,363 shares, compared to its average volume of 80,899. The company has a quick ratio of 0.98, a current ratio of 2.22 and a debt-to-equity ratio of 1.31. The firm has a fifty day simple moving average of $327.11 and a two-hundred day simple moving average of $322.67. The company has a market cap of $18.01 billion, a price-to-earnings ratio of 40.45 and a beta of 1.31. Ubiquiti Inc. has a 1 year low of $104.24 and a 1 year high of $469.98.
Ubiquiti (NYSE:UI - Get Free Report) last announced its quarterly earnings data 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 return on equity of 296.82% and a net margin of 20.68%. During the same quarter in the prior year, the business earned $1.36 EPS. As a group, analysts anticipate that Ubiquiti Inc. will post 7.21 EPS for the current year.
Ubiquiti Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Monday, February 24th. Stockholders of record on Tuesday, February 18th were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $2.40 annualized dividend and a dividend yield of 0.81%. Ubiquiti's payout ratio is 32.61%.
Wall Street Analyst Weigh In
A number of brokerages have recently issued reports on UI. Barclays lowered their price target on Ubiquiti from $236.00 to $222.00 and set an "underweight" rating on the stock in a research note on Monday, February 10th. BWS Financial reaffirmed a "buy" rating and set a $440.00 target price on shares of Ubiquiti in a research note on Friday, April 4th.
Get Our Latest Stock Report on Ubiquiti
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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