Ultralife (NASDAQ:ULBI) Director Bradford Whitmore Buys 32,876 Shares

Ultralife Corporation (NASDAQ:ULBI) Director Bradford Whitmore purchased 32,876 shares of the company’s stock in a transaction on Thursday, May 21st. The stock was acquired at an average price of $6.13 per share, with a total value of $201,529.88. Following the purchase, the director owned 1,974,635 shares of the company’s stock, valued at approximately $12,104,512.55. This represents a 1.69% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Ultralife Stock Up 6.5%

Shares of ULBI stock traded up $0.42 on Tuesday, reaching $6.86. 141,220 shares of the stock were exchanged, compared to its average volume of 47,721. The company has a current ratio of 2.56, a quick ratio of 1.23 and a debt-to-equity ratio of 0.34. The business’s 50 day moving average price is $6.75 and its 200 day moving average price is $6.23. The company has a market capitalization of $114.29 million, a price-to-earnings ratio of -13.72 and a beta of 0.74. Ultralife Corporation has a twelve month low of $4.90 and a twelve month high of $9.52.

Ultralife (NASDAQ:ULBI) last issued its earnings results on Friday, May 8th. The technology company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.18). The firm had revenue of $47.45 million for the quarter, compared to analyst estimates of $52.40 million. Ultralife had a positive return on equity of 1.15% and a negative net margin of 4.37%.

Institutional Investors Weigh In On Ultralife

Institutional investors and hedge funds have recently bought and sold shares of the stock. Teton Advisors LLC purchased a new stake in Ultralife in the third quarter valued at $752,000. LSV Asset Management lifted its position in Ultralife by 232.5% in the third quarter. LSV Asset Management now owns 64,500 shares of the technology company’s stock valued at $440,000 after acquiring an additional 45,100 shares during the last quarter. Pitti Group Wealth Management LLC raised its holdings in shares of Ultralife by 20.0% in the third quarter. Pitti Group Wealth Management LLC now owns 17,981 shares of the technology company’s stock valued at $123,000 after buying an additional 3,000 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of Ultralife by 39.9% in the third quarter. Bank of America Corp DE now owns 13,351 shares of the technology company’s stock valued at $91,000 after buying an additional 3,810 shares during the last quarter. Finally, XTX Topco Ltd raised its holdings in shares of Ultralife by 19.9% in the fourth quarter. XTX Topco Ltd now owns 15,456 shares of the technology company’s stock valued at $88,000 after buying an additional 2,569 shares during the last quarter. 30.68% of the stock is owned by hedge funds and other institutional investors.

About Ultralife

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.