Insider Buying: Universal Security Instruments (NYSE:UUU) Director Purchases 10,000 Shares of Stock

Universal Security Instruments, Inc. (NYSE:UUU) Director Milton Ault III bought 10,000 shares of the business’s stock in a transaction dated Friday, March 20th. The shares were bought at an average cost of $6.35 per share, for a total transaction of $63,500.00. Following the transaction, the director owned 650,839 shares in the company, valued at approximately $4,132,827.65. The trade was a 1.56% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Universal Security Instruments Stock Down 3.5%

UUU traded down $0.21 during trading on Monday, reaching $5.73. The company had a trading volume of 64,999 shares, compared to its average volume of 160,349. The business has a 50 day simple moving average of $5.04 and a 200-day simple moving average of $5.01. The stock has a market cap of $15.57 million, a P/E ratio of -10.23 and a beta of -0.17. Universal Security Instruments, Inc. has a 52 week low of $1.65 and a 52 week high of $8.27.

Institutional Trading of Universal Security Instruments

Institutional investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC boosted its position in shares of 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 purchased a new stake in shares of Universal Security Instruments in the third quarter worth approximately $42,000. Bridgeway Capital Management LLC bought a new stake in shares of Universal Security Instruments during the 4th quarter worth approximately $56,000. DRW Securities LLC boosted its holdings in Universal Security Instruments by 24.6% during the 4th quarter. DRW Securities LLC now owns 77,979 shares of the company’s stock valued at $402,000 after acquiring an additional 15,404 shares during the period. Finally, Heron Bay Capital Management bought a new position in Universal Security Instruments in the 4th quarter valued at $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.