Universal Security Instruments (NYSE:UUU) Director Milton Ault III Buys 10,000 Shares

Universal Security Instruments, Inc. (NYSE:UUU) Director Milton Ault III acquired 10,000 shares of the business’s stock in a transaction dated Monday, March 23rd. The stock was purchased at an average cost of $6.01 per share, for a total transaction of $60,100.00. Following the transaction, the director owned 660,839 shares in the company, valued at approximately $3,971,642.39. The trade was a 1.54% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Universal Security Instruments Stock Performance

NYSE:UUU traded down $0.21 during midday trading on Monday, reaching $5.73. 64,999 shares of the stock traded hands, compared to its average volume of 160,349. The stock has a market capitalization of $15.57 million, a PE ratio of -10.23 and a beta of -0.17. Universal Security Instruments, Inc. has a 12-month low of $1.65 and a 12-month high of $8.27. The business has a 50-day moving average of $5.04 and a two-hundred day moving average of $5.01.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. DRW Securities LLC increased 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 valued at $402,000 after buying an additional 15,404 shares in the last quarter. Two Sigma Investments LP purchased a new stake in shares of Universal Security Instruments during the third quarter worth about $198,000. Heron Bay Capital Management purchased a new stake in shares of Universal Security Instruments during the fourth quarter worth about $186,000. Geode Capital Management LLC increased 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 acquiring an additional 2,850 shares in the last quarter. Finally, Bridgeway Capital Management LLC purchased a new position in shares of Universal Security Instruments in the 4th quarter valued at approximately $56,000.

About Universal Security Instruments

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.