Milton Ault III Acquires 8,310 Shares of Universal Security Instruments (NYSE:UUU) Stock

Universal Security Instruments, Inc. (NYSE:UUU) Director Milton Ault III bought 8,310 shares of the stock in a transaction that occurred on Wednesday, March 4th. The stock was bought at an average cost of $4.95 per share, for a total transaction of $41,134.50. Following the transaction, the director owned 527,440 shares of the company’s stock, valued at $2,610,828. The trade was a 1.60% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Universal Security Instruments Stock Performance

UUU opened at $5.09 on Friday. The business’s 50-day simple moving average is $4.90 and its 200 day simple moving average is $4.86. Universal Security Instruments, Inc. has a 52-week low of $1.65 and a 52-week high of $8.27. The firm has a market capitalization of $13.83 million, a PE ratio of -9.09 and a beta of -0.17.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Geode Capital Management LLC increased its stake in shares of 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 during the last quarter. Qube Research & Technologies Ltd acquired a new stake in Universal Security Instruments in the 3rd quarter valued at about $42,000. Bridgeway Capital Management LLC bought a new position in Universal Security Instruments during the fourth quarter worth about $56,000. DRW Securities LLC grew its holdings in Universal Security Instruments by 24.6% during the fourth quarter. DRW Securities LLC now owns 77,979 shares of the company’s stock worth $402,000 after purchasing an additional 15,404 shares during the period. Finally, Heron Bay Capital Management acquired a new position in Universal Security Instruments during the fourth quarter worth approximately $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.