Universal Security Instruments (NYSE:UUU) Director Buys $60,100.00 in Stock

Universal Security Instruments, Inc. (NYSE:UUU) Director Milton Ault III purchased 10,000 shares of the business’s stock in a transaction on Monday, March 23rd. The shares were bought at an average price of $6.01 per share, for a total transaction of $60,100.00. Following the purchase, the director directly owned 660,839 shares in the company, valued at $3,971,642.39. This represents a 1.54% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Universal Security Instruments Trading Down 3.5%

Shares of NYSE UUU traded down $0.21 during midday trading on Monday, reaching $5.73. The company had a trading volume of 64,999 shares, compared to its average volume of 160,349. Universal Security Instruments, Inc. has a 1 year low of $1.65 and a 1 year high of $8.27. The business’s 50-day simple moving average is $5.04 and its 200 day simple moving average is $5.01. The stock has a market cap of $15.57 million, a P/E ratio of -10.23 and a beta of -0.17.

Institutional Investors Weigh In On Universal Security Instruments

A number of institutional investors and hedge funds have recently modified their holdings of the company. DRW Securities LLC boosted its position in Universal Security Instruments by 24.6% in the fourth quarter. DRW Securities LLC now owns 77,979 shares of the company’s stock valued at $402,000 after buying an additional 15,404 shares during the last quarter. Two Sigma Investments LP purchased 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 during the 4th quarter worth approximately $186,000. Geode Capital Management LLC lifted its stake in Universal Security Instruments by 22.8% during 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 during the period. Finally, Bridgeway Capital Management LLC purchased a new stake in shares of Universal Security Instruments in the 4th quarter valued at $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.