Milton Ault III Buys 24,328 Shares of Universal Security Instruments (NYSE:UUU) Stock

Universal Security Instruments, Inc. (NYSE:UUU) Director Milton Ault III bought 24,328 shares of the business’s stock in a transaction on Wednesday, August 19th. The shares were bought at an average price of $5.58 per share, for a total transaction of $135,750.24. Following the completion of the acquisition, the director owned 1,059,855 shares of the company’s stock, valued at approximately $5,913,990.90. This represents a 2.35% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website.

Universal Security Instruments Stock Performance

NYSE UUU opened at $6.45 on Friday. The stock has a market capitalization of $19.54 million, a PE ratio of -11.52 and a beta of 0.05. Universal Security Instruments, Inc. has a twelve month low of $2.86 and a twelve month high of $8.27. The stock has a 50-day simple moving average of $4.14 and a 200 day simple moving average of $5.19.

Hedge Funds Weigh In On Universal Security Instruments

Hedge funds and other institutional investors have recently bought and sold shares of the business. Qube Research & Technologies Ltd acquired a new position in Universal Security Instruments in the third quarter valued at about $42,000. Bridgeway Capital Management LLC acquired a new position in shares of Universal Security Instruments during the 4th quarter worth about $56,000. Geode Capital Management LLC increased its stake in shares of Universal Security Instruments by 22.8% in the 4th 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 during the last quarter. Heron Bay Capital Management bought a new stake in shares of Universal Security Instruments in the 4th quarter valued at about $186,000. Finally, Two Sigma Investments LP acquired a new stake in shares of Universal Security Instruments in the 3rd quarter valued at 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.