Universal Security Instruments (NYSE:UUU) Director Milton Ault III Purchases 155,000 Shares

Universal Security Instruments, Inc. (NYSE:UUU) Director Milton Ault III acquired 155,000 shares of the stock in a transaction that occurred on Thursday, April 30th. The shares were bought at an average price of $5.75 per share, with a total value of $891,250.00. Following the completion of the transaction, the director owned 840,252 shares in the company, valued at $4,831,449. This represents a 22.62% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Universal Security Instruments Price Performance

UUU stock traded up $0.02 during trading on Monday, reaching $6.11. 31,750 shares of the company were exchanged, compared to its average volume of 115,449. The company has a 50-day moving average of $5.67 and a two-hundred day moving average of $5.07. The company has a market capitalization of $16.61 million, a price-to-earnings ratio of -10.91 and a beta of -0.08. Universal Security Instruments, Inc. has a twelve month low of $1.96 and a twelve month high of $8.27.

Institutional Investors Weigh In On Universal Security Instruments

A number of institutional investors have recently added to or reduced their stakes in UUU. Two Sigma Investments LP bought a new stake in Universal Security Instruments during the 3rd quarter worth approximately $198,000. Qube Research & Technologies Ltd bought a new stake in Universal Security Instruments during the 3rd quarter worth approximately $42,000. Geode Capital Management LLC grew its holdings 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 worth $79,000 after acquiring an additional 2,850 shares during the last quarter. DRW Securities LLC grew its holdings in Universal Security Instruments by 24.6% during the 4th quarter. DRW Securities LLC now owns 77,979 shares of the company’s stock worth $402,000 after acquiring an additional 15,404 shares during the last quarter. Finally, Heron Bay Capital Management bought a new stake in Universal Security Instruments during the 4th quarter worth approximately $186,000.

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.