Universal Security Instruments (NYSE:UUU) Director Milton Ault III Buys 5,000 Shares of Stock

Universal Security Instruments, Inc. (NYSE:UUU) Director Milton Ault III purchased 5,000 shares of the company’s stock in a transaction that occurred on Monday, March 2nd. The stock was acquired at an average cost of $4.94 per share, with a total value of $24,700.00. Following the purchase, the director directly owned 497,130 shares of the company’s stock, valued at $2,455,822.20. This trade represents a 1.02% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Universal Security Instruments Price Performance

Shares of NYSE UUU opened at $4.80 on Wednesday. Universal Security Instruments, Inc. has a 1 year low of $1.65 and a 1 year high of $8.27. The stock has a market capitalization of $13.05 million, a P/E ratio of -8.57 and a beta of -0.21. The company’s 50-day moving average is $4.89 and its 200 day moving average is $4.85.

Institutional Investors Weigh In On Universal Security Instruments

Institutional investors and hedge funds have recently made changes to their positions in the company. Qube Research & Technologies Ltd purchased a new stake in Universal Security Instruments during the 3rd quarter valued at $42,000. Bridgeway Capital Management LLC bought a new stake in Universal Security Instruments in the 4th quarter worth about $56,000. Geode Capital Management LLC raised its position in Universal Security Instruments by 22.8% in the 4th quarter. Geode Capital Management LLC now owns 15,355 shares of the company’s stock worth $79,000 after buying an additional 2,850 shares during the last quarter. Heron Bay Capital Management bought a new position in Universal Security Instruments during the 4th quarter valued at about $186,000. Finally, Two Sigma Investments LP purchased a new stake in shares of Universal Security Instruments during the 3rd quarter valued at about $198,000.

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.