Universal Security Instruments (NYSE:UUU) Director Acquires $1,063,750.00 in Stock

Universal Security Instruments, Inc. (NYSE:UUU) Director Milton Ault III bought 185,000 shares of the stock in a transaction that occurred on Friday, May 15th. The stock was acquired at an average price of $5.75 per share, for a total transaction of $1,063,750.00. Following the acquisition, the director directly owned 1,025,252 shares in the company, valued at $5,895,199. The trade was a 22.02% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink.

Universal Security Instruments Trading Up 3.7%

Shares of UUU traded up $0.23 on Tuesday, reaching $6.44. The company’s stock had a trading volume of 31,335 shares, compared to its average volume of 104,752. Universal Security Instruments, Inc. has a twelve month low of $2.14 and a twelve month high of $8.27. The stock has a market capitalization of $17.50 million, a PE ratio of -11.50 and a beta of -0.08. The firm has a fifty day moving average of $5.93 and a 200-day moving average of $5.14.

Institutional Investors Weigh In On Universal Security Instruments

Several institutional investors and hedge funds have recently added to or reduced their stakes in UUU. Qube Research & Technologies Ltd purchased a new stake in Universal Security Instruments in the 3rd quarter valued at about $42,000. Bridgeway Capital Management LLC purchased a new stake in Universal Security Instruments in the 4th quarter valued at about $56,000. Geode Capital Management LLC increased its stake in 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 buying an additional 2,850 shares during the last quarter. Heron Bay Capital Management purchased a new stake in Universal Security Instruments in the 4th quarter valued at about $186,000. Finally, Two Sigma Investments LP purchased a new stake in Universal Security Instruments in the 3rd 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.