Catalytic Wealth RIA LLC Invests $356,000 in Ubiquiti Inc. (NYSE:UI)

Catalytic Wealth RIA LLC purchased a new position in shares of Ubiquiti Inc. (NYSE:UI) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 3,075 shares of the company’s stock, valued at approximately $356,000.

A number of other large investors have also modified their holdings of the business. Parallel Advisors LLC boosted its position in Ubiquiti by 116.5% in the fourth quarter. Parallel Advisors LLC now owns 223 shares of the company’s stock valued at $31,000 after buying an additional 120 shares during the last quarter. Quadrant Capital Group LLC boosted its position in Ubiquiti by 435.0% in the fourth quarter. Quadrant Capital Group LLC now owns 214 shares of the company’s stock valued at $30,000 after buying an additional 174 shares during the last quarter. Quent Capital LLC lifted its holdings in Ubiquiti by 66.6% in the fourth quarter. Quent Capital LLC now owns 508 shares of the company’s stock valued at $71,000 after acquiring an additional 203 shares during the period. Signaturefd LLC lifted its holdings in Ubiquiti by 105.4% in the fourth quarter. Signaturefd LLC now owns 415 shares of the company’s stock valued at $58,000 after acquiring an additional 213 shares during the period. Finally, Altfest L J & Co. Inc. lifted its holdings in Ubiquiti by 9.1% in the first quarter. Altfest L J & Co. Inc. now owns 2,757 shares of the company’s stock valued at $319,000 after acquiring an additional 230 shares during the period. Hedge funds and other institutional investors own 4.00% of the company’s stock.

Ubiquiti Price Performance

Shares of UI stock traded up $3.55 during trading hours on Monday, hitting $168.94. 29,076 shares of the company’s stock were exchanged, compared to its average volume of 83,390. The company has a quick ratio of 1.84, a current ratio of 3.95 and a debt-to-equity ratio of 32.43. The firm has a market cap of $10.21 billion, a P/E ratio of 28.80 and a beta of 1.18. The firm has a 50 day moving average of $148.50 and a two-hundred day moving average of $129.06. Ubiquiti Inc. has a fifty-two week low of $103.00 and a fifty-two week high of $185.51.

Ubiquiti (NYSE:UI) last announced its earnings results on Friday, May 10th. The company reported $1.26 earnings per share for the quarter, missing the consensus estimate of $1.77 by ($0.51). Ubiquiti had a negative return on equity of 829.74% and a net margin of 18.30%. The business had revenue of $493.00 million for the quarter, compared to analyst estimates of $497.51 million. Sell-side analysts forecast that Ubiquiti Inc. will post 5.71 EPS for the current year.

Ubiquiti Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 28th. Investors of record on Monday, May 20th were given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 1.42%. The ex-dividend date was Friday, May 17th. Ubiquiti’s payout ratio is 41.45%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on UI shares. StockNews.com raised Ubiquiti from a “sell” rating to a “hold” rating in a report on Thursday, April 18th. BWS Financial reissued a “buy” rating and issued a $160.00 price target on shares of Ubiquiti in a report on Monday, July 8th. Finally, Barclays boosted their price target on Ubiquiti from $93.00 to $108.00 and gave the company an “underweight” rating in a report on Monday, May 13th.

Ubiquiti 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.