Ultralife (NASDAQ:ULBI) Director Bradford Whitmore Purchases 8,700 Shares of Stock

Ultralife Corporation (NASDAQ:ULBI) Director Bradford Whitmore bought 8,700 shares of the stock in a transaction on Friday, May 22nd. The stock was purchased at an average price of $6.33 per share, with a total value of $55,071.00. Following the completion of the acquisition, the director directly owned 1,983,335 shares in the company, valued at approximately $12,554,510.55. This trade represents a 0.44% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Ultralife Price Performance

Shares of ULBI stock opened at $6.86 on Wednesday. Ultralife Corporation has a twelve month low of $4.90 and a twelve month high of $9.52. The stock has a market capitalization of $114.29 million, a price-to-earnings ratio of -13.72 and a beta of 0.74. The stock has a fifty day simple moving average of $6.75 and a two-hundred day simple moving average of $6.23. The company has a current ratio of 2.56, a quick ratio of 1.23 and a debt-to-equity ratio of 0.34.

Ultralife (NASDAQ:ULBI) last issued its earnings results on Friday, May 8th. The technology company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.18). The firm had revenue of $47.45 million during the quarter, compared to analysts’ expectations of $52.40 million. Ultralife had a positive return on equity of 1.15% and a negative net margin of 4.37%.

Institutional Investors Weigh In On Ultralife

A number of hedge funds have recently made changes to their positions in the stock. Janney Montgomery Scott LLC lifted its stake in shares of Ultralife by 2.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 518,000 shares of the technology company’s stock worth $3,377,000 after purchasing an additional 10,200 shares during the last quarter. Empowered Funds LLC purchased a new stake in shares of Ultralife during the 4th quarter worth $44,000. XTX Topco Ltd lifted its stake in shares of Ultralife by 19.9% during the 4th quarter. XTX Topco Ltd now owns 15,456 shares of the technology company’s stock worth $88,000 after purchasing an additional 2,569 shares during the last quarter. Rothschild Wealth LLC purchased a new stake in shares of Ultralife during the 4th quarter worth $400,000. Finally, Heron Bay Capital Management purchased a new stake in shares of Ultralife during the 4th quarter worth $127,000. 30.68% of the stock is currently owned by hedge funds and other institutional investors.

About Ultralife

Ultralife Corporation (NASDAQ: ULBI) develops, manufactures and sells a broad range of energy and communications products for defense, medical, automotive and consumer electronics markets. The company operates through two primary segments: Power Systems and Communications Systems. In its Power Systems segment, Ultralife produces lithium-ion rechargeable cells and battery packs, primary lithium batteries, alkaline and rechargeable battery packs, chargers and battery accessories designed to meet demanding performance and safety requirements.