Insider Buying: Universal Security Instruments (NYSE:UUU) Director Acquires 2,500 Shares

Universal Security Instruments, Inc. (NYSE:UUU) Director Milton Ault III bought 2,500 shares of the stock in a transaction that occurred on Monday, August 31st. The shares were purchased at an average price of $5.05 per share, with a total value of $12,625.00. Following the completion of the acquisition, the director directly owned 1,132,762 shares in the company, valued at $5,720,448.10. This trade represents a 0.22% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Universal Security Instruments Price Performance

Shares of NYSE:UUU traded up $0.06 on Monday, reaching $5.06. The company’s stock had a trading volume of 18,604 shares, compared to its average volume of 74,024. The stock’s 50-day moving average is $4.20 and its two-hundred day moving average is $5.24. Universal Security Instruments, Inc. has a 52-week low of $3.02 and a 52-week high of $8.27. The stock has a market capitalization of $15.33 million, a P/E ratio of -9.04 and a beta of 0.05.

Institutional Investors Weigh In On Universal Security Instruments

Large investors have recently made changes to their positions in the business. Qube Research & Technologies Ltd purchased a new position in shares of Universal Security Instruments in the third quarter valued at $42,000. Bridgeway Capital Management LLC purchased a new stake in Universal Security Instruments during the 4th quarter worth approximately $56,000. Geode Capital Management LLC increased its holdings in Universal Security Instruments by 22.8% during the 4th quarter. Geode Capital Management LLC now owns 15,355 shares of the company’s stock worth $79,000 after purchasing an additional 2,850 shares during the last quarter. Heron Bay Capital Management acquired a new position in shares of Universal Security Instruments in the 4th quarter valued at approximately $186,000. Finally, Two Sigma Investments LP acquired a new position in shares of Universal Security Instruments in the 3rd quarter valued at approximately $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.