Universal Security Instruments (NYSE:UUU) Director Milton Ault III Buys 185,000 Shares

Universal Security Instruments, Inc. (NYSE:UUU) Director Milton Ault III purchased 185,000 shares of the firm’s stock in a transaction dated Friday, May 15th. The shares were bought at an average price of $5.75 per share, with a total value of $1,063,750.00. Following the purchase, the director owned 1,025,252 shares in the company, valued at $5,895,199. The trade was a 22.02% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Universal Security Instruments Trading Up 3.7%

Shares of UUU stock traded up $0.23 during trading hours on Tuesday, hitting $6.44. 31,335 shares of the company were exchanged, compared to its average volume of 104,752. The firm has a fifty day simple moving average of $5.93 and a 200 day simple moving average of $5.14. Universal Security Instruments, Inc. has a 52-week low of $2.14 and a 52-week high of $8.27. The stock has a market capitalization of $17.50 million, a price-to-earnings ratio of -11.50 and a beta of -0.08.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of UUU. Qube Research & Technologies Ltd bought a new position in Universal Security Instruments in the 3rd quarter worth approximately $42,000. Bridgeway Capital Management LLC bought a new position in Universal Security Instruments in the 4th quarter worth approximately $56,000. Geode Capital Management LLC boosted its holdings 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 worth $79,000 after buying an additional 2,850 shares during the period. Heron Bay Capital Management bought a new position in Universal Security Instruments in the 4th quarter worth approximately $186,000. Finally, Two Sigma Investments LP bought a new position in Universal Security Instruments in the 3rd quarter worth approximately $198,000.

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.