Universal Security Instruments (NYSE:UUU) Director Purchases $135,750.24 in Stock

Universal Security Instruments, Inc. (NYSE:UUU) Director Milton Ault III bought 24,328 shares of the stock in a transaction on Wednesday, August 19th. The stock was acquired at an average cost of $5.58 per share, for a total transaction of $135,750.24. Following the acquisition, the director directly owned 1,059,855 shares in the company, valued at approximately $5,913,990.90. The trade was a 2.35% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Universal Security Instruments Stock Up 38.1%

NYSE UUU traded up $1.72 during trading on Wednesday, hitting $6.24. The company’s stock had a trading volume of 255,207 shares, compared to its average volume of 74,879. Universal Security Instruments, Inc. has a 52 week low of $2.86 and a 52 week high of $8.27. The firm has a market cap of $18.90 million, a P/E ratio of -11.14 and a beta of 0.05. The firm has a 50 day moving average price of $4.13 and a 200 day moving average price of $5.17.

Institutional Trading of Universal Security Instruments

Several hedge funds and other institutional investors have recently bought and sold shares of UUU. Pzena Investment Management LLC acquired a new position in shares of Universal Security Instruments during the second quarter valued at about $18,963,000. Jupiter Topco LLC acquired a new stake in Universal Security Instruments during the second quarter worth about $562,000. Legal & General Group Plc acquired a new stake in Universal Security Instruments during the second quarter worth about $2,947,000. The Manufacturers Life Insurance Company bought a new position in Universal Security Instruments during the second quarter valued at about $523,000. Finally, Bridgeway Capital Management LLC bought a new position in Universal Security Instruments during the fourth quarter valued at about $56,000.

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.