Universal Security Instruments (NYSE:UUU) Director Milton Ault III Purchases 8,281 Shares of Stock

Universal Security Instruments, Inc. (NYSE:UUU) Director Milton Ault III bought 8,281 shares of the stock in a transaction that occurred on Monday, February 23rd. The shares were acquired at an average cost of $4.85 per share, with a total value of $40,162.85. Following the completion of the purchase, the director owned 476,763 shares in the company, valued at $2,312,300.55. This represents a 1.77% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Universal Security Instruments Stock Performance

Shares of UUU opened at $4.60 on Wednesday. Universal Security Instruments, Inc. has a twelve month low of $1.65 and a twelve month high of $8.27. The firm’s 50 day moving average price is $4.91 and its two-hundred day moving average price is $4.79. The firm has a market cap of $12.50 million, a P/E ratio of -8.21 and a beta of -0.21.

Institutional Trading of Universal Security Instruments

A number of institutional investors have recently modified their holdings of UUU. Two Sigma Investments LP bought a new position in shares of Universal Security Instruments during the third quarter worth about $198,000. Heron Bay Capital Management bought a new stake in Universal Security Instruments in the 4th quarter valued at approximately $186,000. DRW Securities LLC boosted its position in Universal Security Instruments by 24.6% during the 4th quarter. DRW Securities LLC now owns 77,979 shares of the company’s stock worth $402,000 after acquiring an additional 15,404 shares during the last quarter. Bridgeway Capital Management LLC bought a new position in shares of Universal Security Instruments during the 4th quarter worth approximately $56,000. Finally, Qube Research & Technologies Ltd bought a new position in shares of Universal Security Instruments during the 3rd quarter worth approximately $42,000.

Universal Security Instruments Company Profile

Universal Security Instruments, Inc (NYSE: UUU) is a manufacturer and marketer of home safety and security products based in Holbrook, New York. The company specializes in the design, development and distribution of devices intended to protect lives and property, servicing both residential and commercial end users.

Its product portfolio includes photoelectric and ionization smoke alarms, carbon monoxide detectors, combination smoke/CO units, fire extinguishers and fire escape ladders. Additional offerings extend to weather radios and environmental sensors, all engineered to meet or exceed applicable UL, ANSI and NFPA safety standards.

Universal Security Instruments distributes its products primarily across the United States and Canada through a network of mass merchants, independent electrical distributors, home improvement centers and e-commerce platforms.