Versor Investments LP lifted its stake in shares of Ubiquiti Inc. (NYSE:UI - Free Report) by 254.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,900 shares of the company's stock after purchasing an additional 2,800 shares during the quarter. Versor Investments LP's holdings in Ubiquiti were worth $1,295,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently made changes to their positions in UI. Creative Planning grew its position in Ubiquiti by 51.6% during the third quarter. Creative Planning now owns 4,008 shares of the company's stock valued at $889,000 after acquiring an additional 1,365 shares during the last quarter. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Ubiquiti in the 3rd quarter valued at $266,000. US Bancorp DE grew its holdings in shares of Ubiquiti by 3.9% during the 3rd quarter. US Bancorp DE now owns 1,537 shares of the company's stock valued at $341,000 after purchasing an additional 57 shares during the last quarter. Hanseatic Management Services Inc. purchased a new position in Ubiquiti in the 3rd quarter worth $76,000. Finally, Atria Investments Inc bought a new stake in Ubiquiti in the third quarter worth $210,000. 4.00% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of equities analysts have issued reports on the stock. BWS Financial restated a "buy" rating and issued a $440.00 price objective on shares of Ubiquiti in a research report on Monday, February 10th. Barclays reduced their price target on Ubiquiti from $236.00 to $222.00 and set an "underweight" rating on the stock in a report on Monday, February 10th. Finally, StockNews.com upgraded Ubiquiti from a "hold" rating to a "buy" rating in a report on Sunday, November 17th.
Get Our Latest Stock Report on UI
Insider Activity
In other news, CAO Kevin Radigan sold 1,000 shares of the firm's stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $347.99, for a total value of $347,990.00. Following the transaction, the chief accounting officer now directly owns 2,484 shares of the company's stock, valued at approximately $864,407.16. This trade represents a 28.70 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 93.10% of the company's stock.
Ubiquiti Stock Performance
Shares of NYSE UI traded down $12.93 during trading on Monday, hitting $328.77. The company had a trading volume of 136,931 shares, compared to its average volume of 108,323. The stock has a 50 day simple moving average of $368.39 and a 200 day simple moving average of $299.49. The firm has a market capitalization of $19.89 billion, a P/E ratio of 44.67 and a beta of 1.14. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.98 and a current ratio of 2.22. Ubiquiti Inc. has a 12 month low of $104.24 and a 12 month high of $469.98.
Ubiquiti (NYSE:UI - Get Free Report) last released its quarterly earnings results on Friday, February 14th. The company reported $2.26 earnings per share for the quarter, beating the consensus estimate 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 posted $1.36 earnings per share. As a group, analysts anticipate that Ubiquiti Inc. will post 7.21 earnings per share for the current year.
Ubiquiti Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, February 24th. Stockholders of record on Tuesday, February 18th were issued a $0.60 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $2.40 annualized dividend and a dividend yield of 0.73%. Ubiquiti's dividend payout ratio (DPR) is presently 32.61%.
Ubiquiti Profile
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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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