Insider Buying: Universal Security Instruments (NYSE:UUU) Director Purchases 7,506 Shares of Stock

Universal Security Instruments, Inc. (NYSE:UUU) Director Milton Ault III bought 7,506 shares of the business’s stock in a transaction dated Thursday, August 20th. The shares were acquired at an average cost of $6.13 per share, for a total transaction of $46,011.78. Following the purchase, the director owned 1,065,861 shares of the company’s stock, valued at approximately $6,533,727.93. The trade was a 0.71% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Universal Security Instruments Trading Down 0.8%

Shares of UUU stock traded down $0.05 on Friday, reaching $6.40. 73,318 shares of the company’s stock were exchanged, compared to its average volume of 74,911. Universal Security Instruments, Inc. has a 52 week low of $3.02 and a 52 week high of $8.27. The stock has a market capitalization of $19.39 million, a PE ratio of -11.43 and a beta of 0.05. The company’s fifty day simple moving average is $4.14 and its 200 day simple moving average is $5.20.

Institutional Investors Weigh In On Universal Security Instruments

Several large investors have recently modified their holdings of UUU. Qube Research & Technologies Ltd purchased a new stake in Universal Security Instruments during the third quarter worth $42,000. Bridgeway Capital Management LLC acquired a new stake in Universal Security Instruments in the fourth quarter worth about $56,000. 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. Heron Bay Capital Management purchased a new position in shares of Universal Security Instruments in the 4th quarter valued at approximately $186,000. Finally, Two Sigma Investments LP acquired a new stake in Universal Security Instruments in the 3rd quarter worth approximately $198,000.

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.