Universal Security Instruments (NYSE:UUU) Director Purchases $58,400.00 in Stock

Universal Security Instruments, Inc. (NYSE:UUU) Director Milton Ault III bought 10,000 shares of the stock in a transaction on Tuesday, March 31st. The shares were acquired at an average cost of $5.84 per share, with a total value of $58,400.00. Following the purchase, the director owned 685,252 shares of the company’s stock, valued at approximately $4,001,871.68. This represents a 1.48% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Universal Security Instruments Price Performance

Shares of Universal Security Instruments stock opened at $5.90 on Friday. Universal Security Instruments, Inc. has a fifty-two week low of $1.65 and a fifty-two week high of $8.27. The firm has a market capitalization of $16.04 million, a P/E ratio of -10.54 and a beta of -0.18. The company’s 50 day moving average price is $5.17 and its two-hundred day moving average price is $5.00.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Qube Research & Technologies Ltd bought a new stake in Universal Security Instruments during the third quarter valued at $42,000. Bridgeway Capital Management LLC acquired a new stake in Universal Security Instruments in the fourth quarter worth $56,000. Geode Capital Management LLC increased its stake 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 in the last quarter. Heron Bay Capital Management bought a new stake in Universal Security Instruments in the fourth quarter valued at $186,000. Finally, Two Sigma Investments LP acquired a new position in shares of Universal Security Instruments during the third quarter valued at about $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.