Ubiquiti Inc. (NYSE:UI) Shares Acquired by Versor Investments LP

Versor Investments LP grew its stake in Ubiquiti Inc. (NYSE:UI) by 254.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 3,900 shares of the company’s stock after acquiring an additional 2,800 shares during the period. Versor Investments LP’s holdings in Ubiquiti were worth $1,295,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the company. Pacer Advisors Inc. grew its stake in shares of Ubiquiti by 95.0% in the fourth quarter. Pacer Advisors Inc. now owns 61,825 shares of the company’s stock valued at $20,522,000 after buying an additional 30,118 shares in the last quarter. Proficio Capital Partners LLC acquired a new position in Ubiquiti in the 4th quarter valued at about $15,425,000. Zacks Investment Management acquired a new stake in shares of Ubiquiti during the third quarter worth about $8,892,000. JPMorgan Chase & Co. boosted its stake in shares of Ubiquiti by 20.4% in the third quarter. JPMorgan Chase & Co. now owns 29,813 shares of the company’s stock valued at $6,610,000 after purchasing an additional 5,045 shares during the period. Finally, Los Angeles Capital Management LLC acquired a new position in shares of Ubiquiti in the fourth quarter valued at approximately $8,619,000. 4.00% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Ubiquiti

In other Ubiquiti news, CAO Kevin Radigan sold 1,000 shares of Ubiquiti stock in a transaction that occurred on Wednesday, February 12th. The stock was 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 in the company, valued at approximately $864,407.16. This trade represents a 28.70 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 93.10% of the stock is owned by company insiders.

Ubiquiti Price Performance

UI stock opened at $340.30 on Thursday. The stock has a market cap of $20.58 billion, a price-to-earnings ratio of 46.24 and a beta of 1.14. Ubiquiti Inc. has a fifty-two week low of $104.24 and a fifty-two week high of $469.98. 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 business has a 50 day moving average price of $368.46 and a 200 day moving average price of $296.33.

Ubiquiti (NYSE:UI) last issued its earnings results on Friday, February 14th. The company reported $2.26 earnings per share (EPS) 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 previous year, the business posted $1.36 earnings per share. Equities research analysts anticipate that Ubiquiti Inc. will post 7.21 earnings per share for the current fiscal year.

Ubiquiti Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, February 24th. Investors of record on Tuesday, February 18th were paid a dividend of $0.60 per share. The ex-dividend date was Tuesday, February 18th. This represents a $2.40 dividend on an annualized basis and a yield of 0.71%. Ubiquiti’s dividend payout ratio is presently 32.61%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on UI shares. StockNews.com upgraded Ubiquiti from a “hold” rating to a “buy” rating in a report on Sunday, November 17th. Barclays decreased 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. Finally, BWS Financial reissued a “buy” rating and issued a $440.00 target price on shares of Ubiquiti in a report on Monday, February 10th.

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.