Insider Buying: Universal Security Instruments (NYSE:UUU) Director Buys 155,000 Shares of Stock

Universal Security Instruments, Inc. (NYSE:UUU) Director Milton Ault III acquired 155,000 shares of the business’s stock in a transaction on Thursday, April 30th. The stock was acquired at an average cost of $5.75 per share, with a total value of $891,250.00. Following the acquisition, the director directly owned 840,252 shares in the company, valued at approximately $4,831,449. This trade represents a 22.62% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Universal Security Instruments Trading Up 0.3%

NYSE UUU traded up $0.02 during trading on Monday, reaching $6.11. The company’s stock had a trading volume of 31,750 shares, compared to its average volume of 115,449. The firm has a market capitalization of $16.61 million, a price-to-earnings ratio of -10.91 and a beta of -0.08. Universal Security Instruments, Inc. has a 12 month low of $1.96 and a 12 month high of $8.27. The firm has a 50 day moving average price of $5.67 and a 200 day moving average price of $5.07.

Hedge Funds Weigh In On Universal Security Instruments

A number of institutional investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC increased its position in Universal Security Instruments by 22.8% during the 4th quarter. Geode Capital Management LLC now owns 15,355 shares of the company’s stock worth $79,000 after purchasing an additional 2,850 shares in the last quarter. Qube Research & Technologies Ltd acquired a new position in Universal Security Instruments during the 3rd quarter worth approximately $42,000. Bridgeway Capital Management LLC acquired a new position in Universal Security Instruments during the 4th quarter worth approximately $56,000. 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 worth $402,000 after purchasing an additional 15,404 shares in the last quarter. Finally, Heron Bay Capital Management acquired a new position in Universal Security Instruments during the 4th quarter worth approximately $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.