Bradford T. Whitmore Purchases 33,107 Shares of Ultralife Corp. (ULBI) Stock
Ultralife Corp. (NASDAQ:ULBI) Director Bradford T. Whitmore acquired 33,107 shares of the firm’s stock in a transaction dated Tuesday, November 15th. The stock was bought at an average cost of $4.25 per share, for a total transaction of $140,704.75. Following the purchase, the director now directly owns 300,023 shares of the company’s stock, valued at $1,275,097.75. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Ultralife Corp. (NASDAQ:ULBI) opened at 4.70 on Thursday. Ultralife Corp. has a 1-year low of $3.73 and a 1-year high of $7.43. The stock has a 50 day moving average price of $4.20 and a 200 day moving average price of $4.38. The company has a market cap of $71.60 million, a P/E ratio of 33.81 and a beta of 0.10.
Ultralife Corp. (NASDAQ:ULBI) last released its quarterly earnings results on Thursday, October 27th. The company reported $0.07 EPS for the quarter. Ultralife Corp. had a return on equity of 3.88% and a net margin of 2.83%. On average, equities research analysts anticipate that Ultralife Corp. will post $0.06 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Global X Management Co. LLC raised its position in Ultralife Corp. by 113.4% in the second quarter. Global X Management Co. LLC now owns 174,552 shares of the company’s stock valued at $875,000 after buying an additional 92,760 shares during the last quarter. GSA Capital Partners LLP raised its position in shares of Ultralife Corp. by 1.4% in the second quarter. GSA Capital Partners LLP now owns 22,500 shares of the company’s stock valued at $113,000 after buying an additional 300 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in shares of Ultralife Corp. by 3.2% in the second quarter. Vanguard Group Inc. now owns 311,818 shares of the company’s stock valued at $1,562,000 after buying an additional 9,800 shares in the last quarter. 21.84% of the stock is owned by hedge funds and other institutional investors.
About Ultralife Corp.
Ultralife Corporation offers products and services ranging from power solutions to communications, and electronics systems. The Company designs and manufactures power and communications systems, including rechargeable and non-rechargeable batteries, charging systems, communications and electronics systems.
Receive News & Stock Ratings for Ultralife Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ultralife Corp. and related stocks with our FREE daily email newsletter.