Universal Security Instruments (NYSE:UUU) Director Milton Ault III Purchases 10,000 Shares

Universal Security Instruments, Inc. (NYSE:UUU) Director Milton Ault III acquired 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 31st. The shares were bought at an average price of $5.84 per share, with a total value of $58,400.00. Following the transaction, the director owned 685,252 shares in the company, valued at $4,001,871.68. This represents a 1.48% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Universal Security Instruments Stock Performance

UUU stock traded up $0.10 during trading on Thursday, hitting $6.04. The stock had a trading volume of 8,987 shares, compared to its average volume of 143,434. The stock has a market cap of $16.40 million, a price-to-earnings ratio of -10.78 and a beta of -0.17. The company’s 50 day moving average price is $5.14 and its two-hundred day moving average price is $5.01. Universal Security Instruments, Inc. has a 1-year low of $1.65 and a 1-year high of $8.27.

Institutional Trading of Universal Security Instruments

Hedge funds and other institutional investors have recently bought and sold shares of the company. DRW Securities LLC lifted its stake in shares of Universal Security Instruments by 24.6% during the 4th quarter. DRW Securities LLC now owns 77,979 shares of the company’s stock worth $402,000 after purchasing an additional 15,404 shares during the period. Two Sigma Investments LP purchased a new stake in shares of Universal Security Instruments in the third quarter valued at $198,000. Heron Bay Capital Management purchased a new stake in shares of Universal Security Instruments in the fourth quarter valued at $186,000. Geode Capital Management LLC increased its stake in Universal Security Instruments by 22.8% in the fourth quarter. Geode Capital Management LLC now owns 15,355 shares of the company’s stock valued at $79,000 after purchasing an additional 2,850 shares during the last quarter. Finally, Bridgeway Capital Management LLC purchased a new position in Universal Security Instruments during the fourth quarter worth about $56,000.

About Universal Security Instruments

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.