Universal Security Instruments (NYSE:UUU) Director Milton Ault III Purchases 8,729 Shares

Universal Security Instruments, Inc. (NYSE:UUU) Director Milton Ault III bought 8,729 shares of the stock in a transaction on Tuesday, August 25th. The shares were acquired at an average cost of $6.03 per share, for a total transaction of $52,635.87. Following the purchase, the director owned 1,105,262 shares in the company, valued at approximately $6,664,729.86. This represents a 0.80% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Universal Security Instruments Stock Performance

Shares of NYSE UUU traded down $0.04 during mid-day trading on Wednesday, reaching $5.66. The company had a trading volume of 44,941 shares, compared to its average volume of 74,484. The company has a market capitalization of $17.14 million, a price-to-earnings ratio of -10.11 and a beta of 0.05. The stock has a fifty day moving average of $4.18 and a two-hundred day moving average of $5.22. Universal Security Instruments, Inc. has a 12-month low of $3.02 and a 12-month high of $8.27.

Institutional Trading of Universal Security Instruments

Several hedge funds and other institutional investors have recently modified their holdings of UUU. BlackRock Inc. acquired a new stake in Universal Security Instruments during the second quarter valued at $203,241,000. Pzena Investment Management LLC acquired a new position in Universal Security Instruments in the 2nd quarter worth about $18,963,000. Bank of America Corp DE acquired a new position in Universal Security Instruments in the 2nd quarter worth about $2,973,000. Legal & General Group Plc purchased a new stake in shares of Universal Security Instruments during the 2nd quarter worth about $2,947,000. Finally, Two Sigma Investments LP acquired a new stake in shares of Universal Security Instruments during the 3rd quarter valued at about $198,000.

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.