Teton Advisors LLC Purchases Shares of 110,200 Ultralife Corporation $ULBI

Teton Advisors LLC acquired a new position in shares of Ultralife Corporation (NASDAQ:ULBI) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 110,200 shares of the technology company’s stock, valued at approximately $752,000. Teton Advisors LLC owned 0.66% of Ultralife as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Bank of America Corp DE lifted its stake in shares of Ultralife by 30.7% in the fourth quarter. Bank of America Corp DE now owns 12,067 shares of the technology company’s stock valued at $90,000 after buying an additional 2,836 shares during the period. Pitti Group Wealth Management LLC raised its holdings in Ultralife by 20.0% in the 3rd quarter. Pitti Group Wealth Management LLC now owns 17,981 shares of the technology company’s stock valued at $123,000 after acquiring an additional 3,000 shares in the last quarter. Lazard Asset Management LLC raised its holdings in Ultralife by 1,650.0% in the 2nd quarter. Lazard Asset Management LLC now owns 5,565 shares of the technology company’s stock valued at $49,000 after acquiring an additional 5,247 shares in the last quarter. Jones Financial Companies Lllp lifted its position in shares of Ultralife by 1,428.7% in the 1st quarter. Jones Financial Companies Lllp now owns 15,287 shares of the technology company’s stock worth $82,000 after acquiring an additional 14,287 shares during the period. Finally, Raymond James Financial Inc. grew its holdings in shares of Ultralife by 14.5% during the 2nd quarter. Raymond James Financial Inc. now owns 116,085 shares of the technology company’s stock worth $1,042,000 after purchasing an additional 14,667 shares in the last quarter. Institutional investors and hedge funds own 30.68% of the company’s stock.

Insider Activity

In related news, Director Bradford T. Whitmore acquired 28,588 shares of the business’s stock in a transaction on Tuesday, December 16th. The stock was bought at an average cost of $5.70 per share, with a total value of $162,951.60. Following the completion of the acquisition, the director owned 1,235,631 shares in the company, valued at $7,043,096.70. The trade was a 2.37% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders acquired 53,000 shares of company stock worth $300,838 over the last three months. 40.00% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d+)” rating on shares of Ultralife in a research report on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Ultralife has an average rating of “Sell”.

Ultralife Trading Down 0.4%

Shares of ULBI opened at $5.25 on Friday. The company has a current ratio of 2.99, a quick ratio of 1.42 and a debt-to-equity ratio of 0.34. The stock has a market cap of $87.41 million, a PE ratio of 52.50 and a beta of 0.88. Ultralife Corporation has a 1 year low of $4.07 and a 1 year high of $9.52. The stock has a 50 day simple moving average of $6.12 and a 200-day simple moving average of $6.32.

Ultralife Profile

Ultralife Corporation (NASDAQ: ULBI) develops, manufactures and sells a broad range of energy and communications products for defense, medical, automotive and consumer electronics markets. The company operates through two primary segments: Power Systems and Communications Systems. In its Power Systems segment, Ultralife produces lithium-ion rechargeable cells and battery packs, primary lithium batteries, alkaline and rechargeable battery packs, chargers and battery accessories designed to meet demanding performance and safety requirements.