Universal Security Instruments (NYSE:UUU) Director Milton Ault III Purchases 5,700 Shares

Universal Security Instruments, Inc. (NYSE:UUU) Director Milton Ault III acquired 5,700 shares of Universal Security Instruments stock in a transaction dated Monday, March 9th. The shares were purchased at an average price of $5.25 per share, for a total transaction of $29,925.00. Following the completion of the transaction, the director directly owned 556,332 shares in the company, valued at approximately $2,920,743. The trade was a 1.04% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Universal Security Instruments Trading Up 6.1%

Shares of NYSE UUU opened at $5.40 on Tuesday. The stock’s 50-day moving average is $4.90 and its 200 day moving average is $4.90. The stock has a market cap of $14.68 million, a price-to-earnings ratio of -9.64 and a beta of -0.17. Universal Security Instruments, Inc. has a 1-year low of $1.65 and a 1-year high of $8.27.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. DRW Securities LLC lifted its stake in shares of Universal Security Instruments by 24.6% in 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 last quarter. Two Sigma Investments LP bought a new position in Universal Security Instruments during the 3rd quarter worth approximately $198,000. Heron Bay Capital Management purchased a new position in Universal Security Instruments in the 4th quarter worth approximately $186,000. Geode Capital Management LLC lifted its position in Universal Security Instruments by 22.8% in the fourth quarter. Geode Capital Management LLC now owns 15,355 shares of the company’s stock valued at $79,000 after purchasing an additional 2,850 shares during the last quarter. Finally, Bridgeway Capital Management LLC bought a new stake in Universal Security Instruments in the fourth quarter valued at approximately $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.