Insider Buying: Universal Security Instruments (NYSE:UUU) Director Acquires $12,625.00 in Stock

Universal Security Instruments, Inc. (NYSE:UUU) Director Milton Ault III acquired 2,500 shares of Universal Security Instruments stock in a transaction on Monday, August 31st. The shares were bought at an average price of $5.05 per share, for a total transaction of $12,625.00. Following the completion of the purchase, the director directly owned 1,132,762 shares in the company, valued at $5,720,448.10. The trade was a 0.22% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Universal Security Instruments Stock Performance

Shares of UUU stock traded up $0.06 during trading hours on Monday, hitting $5.06. 18,604 shares of the company were exchanged, compared to its average volume of 74,024. Universal Security Instruments, Inc. has a one year low of $3.02 and a one year high of $8.27. The business’s 50-day simple moving average is $4.20 and its two-hundred day simple moving average is $5.24. The stock has a market capitalization of $15.33 million, a price-to-earnings ratio of -9.04 and a beta of 0.05.

Institutional Investors Weigh In On Universal Security Instruments

Several institutional investors and hedge funds have recently made changes to their positions in the company. Quantbot Technologies LP bought a new position in Universal Security Instruments during the second quarter worth $222,000. Virtus Advisers LLC bought a new stake in Universal Security Instruments during the second quarter valued at $271,000. The Manufacturers Life Insurance Company bought a new position in shares of Universal Security Instruments in the 2nd quarter worth about $523,000. Qube Research & Technologies Ltd bought a new stake in shares of Universal Security Instruments during the 3rd quarter valued at about $42,000. Finally, Jupiter Topco LLC acquired a new stake in Universal Security Instruments during the second quarter worth about $562,000.

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.