Universal Security Instruments (NYSE:UUU) Director Milton Ault III Buys 15,200 Shares of Stock

Universal Security Instruments, Inc. (NYSE:UUU) Director Milton Ault III bought 15,200 shares of Universal Security Instruments stock in a transaction dated Thursday, March 12th. The shares were bought at an average cost of $5.89 per share, for a total transaction of $89,528.00. Following the completion of the transaction, the director owned 611,632 shares of the company’s stock, valued at approximately $3,602,512.48. This trade represents a 2.55% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Universal Security Instruments Trading Up 3.3%

Shares of NYSE UUU traded up $0.20 during trading hours on Friday, reaching $6.03. The stock had a trading volume of 37,849 shares, compared to its average volume of 173,622. 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 cap of $16.38 million, a price-to-earnings ratio of -10.76 and a beta of -0.17. The business’s fifty day moving average price is $4.94 and its two-hundred day moving average price is $4.92.

Institutional Investors Weigh In On Universal Security Instruments

Several hedge funds have recently modified their holdings of the business. 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 valued at $402,000 after purchasing an additional 15,404 shares in the last quarter. Two Sigma Investments LP bought a new position in Universal Security Instruments in the third quarter worth about $198,000. Heron Bay Capital Management bought a new stake in shares of Universal Security Instruments in the 4th quarter valued at about $186,000. Geode Capital Management LLC boosted its holdings in shares of 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 buying an additional 2,850 shares in the last quarter. Finally, Bridgeway Capital Management LLC purchased a new position in shares of Universal Security Instruments in the 4th quarter worth 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.