Universal Security Instruments (NYSE:UUU) Director Purchases $68,344.32 in Stock

Universal Security Instruments, Inc. (NYSE:UUU) Director Milton Ault III purchased 17,798 shares of the company’s stock in a transaction that occurred on Friday, November 21st. The shares were acquired at an average cost of $3.84 per share, with a total value of $68,344.32. Following the completion of the purchase, the director owned 92,231 shares of the company’s stock, valued at $354,167.04. The trade was a 23.91% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.

Universal Security Instruments Stock Up 0.8%

UUU stock traded up $0.03 during midday trading on Monday, reaching $3.99. The company’s stock had a trading volume of 38,879 shares, compared to its average volume of 383,496. The business’s 50-day simple moving average is $5.03 and its 200-day simple moving average is $3.94. Universal Security Instruments, Inc. has a 52 week low of $1.65 and a 52 week high of $8.27. The stock has a market cap of $9.23 million, a PE ratio of -7.12 and a beta of -0.27.

Universal Security Instruments Announces Dividend

The business also recently announced a special dividend, which was paid on Thursday, September 25th. Shareholders of record on Thursday, September 18th were paid a $1.00 dividend. The ex-dividend date of this dividend was Friday, September 26th.

Hedge Funds Weigh In On Universal Security Instruments

An institutional investor recently bought a new position in Universal Security Instruments stock. Qube Research & Technologies Ltd purchased a new stake in Universal Security Instruments, Inc. (NYSE:UUU) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 10,562 shares of the company’s stock, valued at approximately $42,000. Qube Research & Technologies Ltd owned about 0.46% of Universal Security Instruments at the end of the most recent reporting period.

Universal Security Instruments Company Profile

Universal Security Instruments, Inc, together with its subsidiary, engages in the marketing and distribution of safety and security products in the United States. The company offers a line of safety alarms units, including replaceable batteries, sealed batteries, and battery backup alarms; and smoke alarms, which include hearing impaired and heat alarms, as well as carbon monoxide alarms, door chimes, ventilation products, ground fault circuit interrupters, and other electrical devices under the UNIVERSAL and USI Electric trade names.