Pzena Investment Management LLC purchased a new position in shares of Universal Security Instruments, Inc. (NYSE:UUU – Free Report) in the 2nd quarter, HoldingsChannel.com reports. The firm purchased 363,477 shares of the company’s stock, valued at approximately $18,963,000. Pzena Investment Management LLC owned approximately 0.12% of Universal Security Instruments at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. Two Sigma Investments LP purchased a new stake in shares of Universal Security Instruments in the 3rd quarter valued at $198,000. Qube Research & Technologies Ltd purchased a new position in Universal Security Instruments during the 3rd quarter valued at about $42,000. Geode Capital Management LLC grew its position in Universal Security Instruments by 22.8% in the 4th quarter. Geode Capital Management LLC now owns 15,355 shares of the company’s stock valued at $79,000 after acquiring an additional 2,850 shares in the last quarter. DRW Securities LLC lifted its position in shares of 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 in the last quarter. Finally, Heron Bay Capital Management purchased a new position in shares of Universal Security Instruments in the fourth quarter valued at approximately $186,000.
Universal Security Instruments Stock Performance
Shares of UUU stock opened at $3.80 on Tuesday. The stock has a market capitalization of $11.51 million, a P/E ratio of -6.79 and a beta of 0.05. The company has a 50 day moving average price of $4.17 and a 200 day moving average price of $5.18. Universal Security Instruments, Inc. has a fifty-two week low of $2.86 and a fifty-two week high of $8.27.
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.
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