Vanguard Group Inc. cut its holdings in Ultralife Corporation (NASDAQ:ULBI) by 3.0% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 319,147 shares of the technology company’s stock after selling 10,031 shares during the quarter. Vanguard Group Inc. owned approximately 2.06% of Ultralife worth $2,298,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in ULBI. Franklin Resources Inc. acquired a new stake in Ultralife in the second quarter valued at about $2,088,000. Algert Global LLC boosted its stake in shares of Ultralife by 141.9% during the second quarter. Algert Global LLC now owns 82,382 shares of the technology company’s stock valued at $593,000 after purchasing an additional 48,323 shares in the last quarter. Spark Investment Management LLC boosted its stake in shares of Ultralife by 77.8% during the second quarter. Spark Investment Management LLC now owns 76,100 shares of the technology company’s stock valued at $547,000 after purchasing an additional 33,300 shares in the last quarter. Global X Management Co. LLC boosted its stake in shares of Ultralife by 36.3% during the second quarter. Global X Management Co. LLC now owns 118,633 shares of the technology company’s stock valued at $854,000 after purchasing an additional 31,605 shares in the last quarter. Finally, Acadian Asset Management LLC boosted its stake in shares of Ultralife by 861.2% during the second quarter. Acadian Asset Management LLC now owns 34,919 shares of the technology company’s stock valued at $253,000 after purchasing an additional 31,286 shares in the last quarter. 26.22% of the stock is currently owned by institutional investors and hedge funds.

Shares of Ultralife Corporation (NASDAQ:ULBI) opened at $6.00 on Thursday. Ultralife Corporation has a 12 month low of $4.70 and a 12 month high of $7.90. The company has a market capitalization of $95.33, a PE ratio of 16.94 and a beta of -0.17.

Ultralife (NASDAQ:ULBI) last announced its quarterly earnings results on Thursday, November 2nd. The technology company reported $0.07 EPS for the quarter. Ultralife had a return on equity of 7.83% and a net margin of 6.61%. The firm had revenue of $21.05 million for the quarter.

ILLEGAL ACTIVITY WARNING: This news story was originally published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this news story on another domain, it was copied illegally and reposted in violation of U.S. & international copyright & trademark legislation. The legal version of this news story can be read at https://www.thecerbatgem.com/2017/12/07/ultralife-corporation-ulbi-shares-sold-by-vanguard-group-inc.html.

Ultralife Company Profile

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 and accessories, and custom engineered systems.

Want to see what other hedge funds are holding ULBI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ultralife Corporation (NASDAQ:ULBI).

Institutional Ownership by Quarter for Ultralife (NASDAQ:ULBI)

Receive News & Stock Ratings for Ultralife Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ultralife Corporation and related stocks with our FREE daily email newsletter.