Universal Security Instruments (NYSE:UUU) Director Milton Ault III Buys 24,328 Shares

Universal Security Instruments, Inc. (NYSE:UUU) Director Milton Ault III bought 24,328 shares of the stock in a transaction dated Wednesday, August 19th. The stock was acquired at an average price of $5.58 per share, with a total value of $135,750.24. Following the completion of the purchase, the director owned 1,059,855 shares of the company’s stock, valued at $5,913,990.90. This represents a 2.35% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Universal Security Instruments Trading Up 38.1%

Shares of UUU stock opened at $6.24 on Thursday. Universal Security Instruments, Inc. has a 1 year low of $2.86 and a 1 year high of $8.27. The firm’s 50 day moving average is $4.13 and its 200-day moving average is $5.18. The firm has a market capitalization of $18.90 million, a price-to-earnings ratio of -11.14 and a beta of 0.05.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Qube Research & Technologies Ltd bought a new position in shares of Universal Security Instruments in the 3rd quarter valued at $42,000. Bridgeway Capital Management LLC acquired a new position in Universal Security Instruments during the fourth quarter worth about $56,000. Geode Capital Management LLC raised its stake in Universal Security Instruments by 22.8% during the fourth 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 in the last quarter. Heron Bay Capital Management bought a new position in shares of Universal Security Instruments in the fourth quarter worth about $186,000. Finally, Two Sigma Investments LP bought a new position in shares of Universal Security Instruments in the third quarter worth about $198,000.

Universal Security Instruments Company Profile

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.