Virtu Financial LLC Invests $419,000 in Ubiquiti Inc. (NYSE:UI)

Virtu Financial LLC acquired a new position in Ubiquiti Inc. (NYSE:UI - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,263 shares of the company's stock, valued at approximately $419,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Versor Investments LP boosted its stake in shares of Ubiquiti by 254.5% during the 4th quarter. Versor Investments LP now owns 3,900 shares of the company's stock worth $1,295,000 after acquiring an additional 2,800 shares in the last quarter. Barclays PLC raised its holdings in Ubiquiti by 4,880.2% during the third quarter. Barclays PLC now owns 13,347 shares of the company's stock worth $2,959,000 after purchasing an additional 13,079 shares during the last quarter. Convergence Investment Partners LLC purchased a new stake in Ubiquiti during the fourth quarter worth $2,180,000. Algert Global LLC acquired a new stake in Ubiquiti in the third quarter valued at $838,000. Finally, MML Investors Services LLC purchased a new position in shares of Ubiquiti in the third quarter valued at $327,000. Institutional investors and hedge funds own 4.00% of the company's stock.

Analyst Ratings Changes

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

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Insiders Place Their Bets

In other Ubiquiti news, CAO Kevin Radigan sold 1,000 shares of the firm's stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $347.99, for a total value of $347,990.00. Following the sale, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 93.10% of the stock is owned by corporate insiders.

Ubiquiti Price Performance

Shares of NYSE:UI traded up $0.08 on Friday, hitting $309.68. The company had a trading volume of 63,193 shares, compared to its average volume of 79,652. 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 company has a market cap of $18.73 billion, a PE ratio of 42.08 and a beta of 1.12. Ubiquiti Inc. has a 52-week low of $104.24 and a 52-week high of $469.98. The business has a 50 day moving average of $351.20 and a 200 day moving average of $317.50.

Ubiquiti (NYSE:UI - Get Free Report) last announced its 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 net margin of 20.68% and a return on equity of 296.82%. During the same period in the prior year, the business posted $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 Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, February 24th. Investors 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 dividend on an annualized basis and a yield of 0.77%. Ubiquiti's dividend payout ratio (DPR) is currently 32.61%.

About Ubiquiti

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.