Ultralife Corp. (ULBI) CFO Philip A. Fain Purchases 3,552 Shares of Stock
Ultralife Corp. (NASDAQ:ULBI) CFO Philip A. Fain acquired 3,552 shares of the stock in a transaction dated Friday, December 15th. The shares were purchased at an average price of $6.20 per share, for a total transaction of $22,022.40. Following the completion of the transaction, the chief financial officer now owns 70,000 shares of the company’s stock, valued at approximately $434,000. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Ultralife Corp. (NASDAQ ULBI) traded down $0.05 on Friday, hitting $6.05. The stock had a trading volume of 12,377 shares, compared to its average volume of 26,047. The company has a market capitalization of $94.55, a PE ratio of 16.81 and a beta of -0.16. Ultralife Corp. has a 1-year low of $4.70 and a 1-year high of $7.90.
Ultralife (NASDAQ:ULBI) last released its quarterly earnings data on Thursday, November 2nd. The technology company reported $0.07 earnings per share (EPS) for the quarter. The business had revenue of $21.05 million for the quarter. Ultralife had a return on equity of 7.83% and a net margin of 6.61%.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Algert Global LLC increased its position in shares of Ultralife by 18.2% during the third quarter. Algert Global LLC now owns 97,386 shares of the technology company’s stock valued at $657,000 after purchasing an additional 15,004 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Ultralife by 7.4% during the third quarter. Dimensional Fund Advisors LP now owns 925,975 shares of the technology company’s stock valued at $6,250,000 after purchasing an additional 64,075 shares during the period. Global X MANAGEMENT CO LLC increased its position in shares of Ultralife by 141.2% during the third quarter. Global X MANAGEMENT CO LLC now owns 286,186 shares of the technology company’s stock valued at $1,932,000 after purchasing an additional 167,553 shares during the period. Nationwide Fund Advisors increased its position in shares of Ultralife by 714.3% during the third quarter. Nationwide Fund Advisors now owns 27,474 shares of the technology company’s stock valued at $185,000 after purchasing an additional 24,100 shares during the period. Finally, Numeric Investors LLC bought a new stake in shares of Ultralife during the second quarter valued at approximately $357,000. Institutional investors and hedge funds own 26.22% of the company’s stock.
Ultralife Corporation offers products and services ranging from power solutions to communications and electronics systems. The Company designs and manufactures power and communications systems, including rechargeable and non-rechargeable batteries, charging systems, communications and electronics systems and accessories, and custom engineered systems.
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