Milton Ault III Acquires 2,231 Shares of Universal Security Instruments (NYSE:UUU) Stock

Universal Security Instruments, Inc. (NYSE:UUU) Director Milton Ault III acquired 2,231 shares of the firm’s stock in a transaction dated Tuesday, February 24th. The shares were purchased at an average cost of $4.70 per share, for a total transaction of $10,485.70. Following the completion of the acquisition, the director directly owned 478,994 shares in the company, valued at approximately $2,251,271.80. This represents a 0.47% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Universal Security Instruments Stock Performance

UUU stock opened at $5.09 on Friday. The firm has a fifty day moving average price of $4.91 and a 200 day moving average price of $4.81. 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 cap of $13.83 million, a PE ratio of -9.09 and a beta of -0.21.

Hedge Funds Weigh In On Universal Security Instruments

A number of large investors have recently made changes to their positions in UUU. Qube Research & Technologies Ltd purchased a new stake in Universal Security Instruments in the 3rd quarter worth about $42,000. Bridgeway Capital Management LLC purchased a new position in shares of Universal Security Instruments during the fourth quarter valued at approximately $56,000. Geode Capital Management LLC grew its stake in shares of Universal Security Instruments by 22.8% during the fourth 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 shares of Universal Security Instruments in the fourth quarter worth approximately $186,000. Finally, Two Sigma Investments LP purchased a new stake in shares of Universal Security Instruments in the third quarter worth approximately $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.