Milton Ault III Purchases 8,281 Shares of Universal Security Instruments (NYSE:UUU) Stock

Universal Security Instruments, Inc. (NYSE:UUU) Director Milton Ault III bought 8,281 shares of the company’s stock in a transaction that occurred on Monday, February 23rd. The stock was acquired at an average cost of $4.85 per share, for a total transaction of $40,162.85. Following the acquisition, the director directly owned 476,763 shares of the company’s stock, valued at $2,312,300.55. The trade was a 1.77% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Universal Security Instruments Price Performance

Shares of NYSE UUU opened at $4.73 on Thursday. The business has a 50-day moving average of $4.90 and a two-hundred day moving average of $4.79. The company has a market capitalization of $12.86 million, a price-to-earnings ratio of -8.45 and a beta of -0.21. Universal Security Instruments, Inc. has a 1 year low of $1.65 and a 1 year high of $8.27.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in UUU. Two Sigma Investments LP acquired a new stake in shares of Universal Security Instruments in the third quarter valued at approximately $198,000. Heron Bay Capital Management purchased a new stake in shares of Universal Security Instruments in the fourth quarter valued at about $186,000. DRW Securities LLC boosted its stake 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 buying an additional 15,404 shares during the period. Bridgeway Capital Management LLC purchased a new position in shares of Universal Security Instruments during the fourth quarter worth about $56,000. Finally, Qube Research & Technologies Ltd acquired a new position in Universal Security Instruments in the 3rd quarter valued at about $42,000.

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.