Pzena Investment Management LLC acquired a new stake in Universal Security Instruments, Inc. (NYSE:UUU – Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 363,477 shares of the company’s stock, valued at approximately $18,963,000. Pzena Investment Management LLC owned about 12.00% of Universal Security Instruments as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds also recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its position in Universal Security Instruments by 22.8% in the fourth quarter. Geode Capital Management LLC now owns 15,355 shares of the company’s stock valued at $79,000 after purchasing an additional 2,850 shares during the period. Qube Research & Technologies Ltd purchased a new position in shares of Universal Security Instruments during the 3rd quarter worth $42,000. Bridgeway Capital Management LLC purchased a new position in shares of Universal Security Instruments during the 4th quarter worth $56,000. DRW Securities LLC increased its position in shares of 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 during the last quarter. Finally, Deutsche Bank AG acquired a new stake in shares of Universal Security Instruments during the 2nd quarter worth about $1,467,000.
Universal Security Instruments Trading Up 10.5%
Shares of UUU opened at $3.80 on Tuesday. The company’s 50-day moving average price is $4.17 and its 200 day moving average price is $5.18. Universal Security Instruments, Inc. has a 12-month low of $2.86 and a 12-month high of $8.27. The firm has a market cap of $11.51 million, a P/E ratio of -6.79 and a beta of 0.05.
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.
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