Universal Security Instruments (NYSE:UUU) Director Purchases $41,134.50 in Stock

Universal Security Instruments, Inc. (NYSE:UUU) Director Milton Ault III purchased 8,310 shares of the company’s stock in a transaction that occurred on Wednesday, March 4th. The stock was bought at an average cost of $4.95 per share, for a total transaction of $41,134.50. Following the purchase, the director directly owned 527,440 shares in the company, valued at $2,610,828. This represents a 1.60% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Universal Security Instruments Trading Up 0.8%

UUU stock opened at $5.09 on Friday. Universal Security Instruments, Inc. has a one year low of $1.65 and a one year high of $8.27. The firm has a market capitalization of $13.83 million, a PE ratio of -9.09 and a beta of -0.17. The firm has a 50-day moving average of $4.90 and a two-hundred day moving average of $4.87.

Institutional Trading of Universal Security Instruments

A number of hedge funds have recently modified their holdings of the business. Geode Capital Management LLC grew its holdings in shares of Universal Security Instruments by 22.8% during the fourth quarter. Geode Capital Management LLC now owns 15,355 shares of the company’s stock valued at $79,000 after buying an additional 2,850 shares in the last quarter. Qube Research & Technologies Ltd acquired a new position in Universal Security Instruments during the third quarter valued at $42,000. Bridgeway Capital Management LLC purchased a new stake in Universal Security Instruments in the 4th quarter worth about $56,000. DRW Securities LLC lifted its stake in Universal Security Instruments by 24.6% in 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 in the last quarter. Finally, Heron Bay Capital Management acquired a new stake in Universal Security Instruments during the 4th quarter worth about $186,000.

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.