Milton Ault III Purchases 5,700 Shares of Universal Security Instruments (NYSE:UUU) Stock

Universal Security Instruments, Inc. (NYSE:UUU) Director Milton Ault III purchased 5,700 shares of the business’s stock in a transaction dated Monday, March 9th. The shares were purchased at an average cost of $5.25 per share, with a total value of $29,925.00. Following the acquisition, the director owned 556,332 shares in the company, valued at $2,920,743. This trade represents a 1.04% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link.

Universal Security Instruments Trading Up 3.5%

NYSE UUU opened at $5.59 on Wednesday. The firm’s 50 day simple moving average is $4.92 and its 200 day simple moving average is $4.91. The firm has a market capitalization of $15.19 million, a price-to-earnings ratio of -9.98 and a beta of -0.17. 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

Several large investors have recently bought and sold shares of UUU. Geode Capital Management LLC grew its position in 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 period. Qube Research & Technologies Ltd bought a new stake in Universal Security Instruments in the third quarter worth about $42,000. Bridgeway Capital Management LLC purchased a new position in Universal Security Instruments in the fourth quarter valued at about $56,000. DRW Securities LLC increased its position in Universal Security Instruments by 24.6% in the fourth quarter. DRW Securities LLC now owns 77,979 shares of the company’s stock worth $402,000 after buying an additional 15,404 shares during the last quarter. Finally, Heron Bay Capital Management bought a new stake in Universal Security Instruments in the 4th quarter valued at about $186,000.

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.