Insider Buying: Universal Security Instruments (NYSE:UUU) Director Buys 20,672 Shares of Stock

Universal Security Instruments, Inc. (NYSE:UUU) Director Milton Ault III bought 20,672 shares of Universal Security Instruments stock in a transaction dated Friday, August 21st. The stock was acquired at an average cost of $6.34 per share, for a total transaction of $131,060.48. Following the purchase, the director directly owned 1,086,533 shares in the company, valued at approximately $6,888,619.22. The trade was a 1.94% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Universal Security Instruments Price Performance

Shares of Universal Security Instruments stock traded down $0.05 on Friday, hitting $6.40. 73,318 shares of the company’s stock traded hands, compared to its average volume of 74,911. The firm’s 50-day moving average price is $4.14 and its two-hundred day moving average price is $5.20. The stock has a market capitalization of $19.39 million, a PE ratio of -11.43 and a beta of 0.05. Universal Security Instruments, Inc. has a one year low of $3.02 and a one year high of $8.27.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE bought a new stake in shares of Universal Security Instruments in the second quarter worth about $2,973,000. Jupiter Topco LLC acquired a new stake in Universal Security Instruments in the 2nd quarter valued at approximately $562,000. Legal & General Group Plc bought a new stake in shares of Universal Security Instruments in the second quarter worth $2,947,000. The Manufacturers Life Insurance Company bought a new stake in Universal Security Instruments during the 2nd quarter worth about $523,000. Finally, Brandywine Trust Co. bought a new stake in Universal Security Instruments during the second quarter worth about $778,000.

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.