Universal Security Instruments (NYSE:UUU) Director Purchases $24,700.00 in Stock

Universal Security Instruments, Inc. (NYSE:UUU) Director Milton Ault III acquired 5,000 shares of the company’s stock in a transaction dated Monday, March 2nd. The stock was purchased at an average cost of $4.94 per share, for a total transaction of $24,700.00. Following the purchase, the director directly owned 497,130 shares in the company, valued at approximately $2,455,822.20. This represents a 1.02% increase in their position. The purchase was disclosed in a filing with the SEC, which is available through this link.

Universal Security Instruments Stock Up 2.6%

Shares of UUU stock opened at $5.05 on Friday. The stock has a 50-day simple moving average of $4.89 and a 200 day simple moving average of $4.85. The stock has a market capitalization of $13.73 million, a P/E ratio of -9.02 and a beta of -0.17. Universal Security Instruments, Inc. has a fifty-two week low of $1.65 and a fifty-two week high of $8.27.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Qube Research & Technologies Ltd acquired a new stake in shares of Universal Security Instruments during the third quarter valued at approximately $42,000. Bridgeway Capital Management LLC acquired a new position in Universal Security Instruments in the 4th quarter worth approximately $56,000. Geode Capital Management LLC grew its position 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 in the last quarter. Heron Bay Capital Management acquired a new stake in Universal Security Instruments during the 4th quarter valued at $186,000. Finally, Two Sigma Investments LP purchased a new stake in shares of Universal Security Instruments in the third quarter valued at $198,000.

Universal Security Instruments Company Profile

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.