GSA Capital Partners LLP lowered its holdings in Ubiquiti Networks Inc (NASDAQ:UBNT) by 5.1% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,000 shares of the Wireless communications provider’s stock after selling 800 shares during the quarter. GSA Capital Partners LLP’s holdings in Ubiquiti Networks were worth $1,483,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of UBNT. Alps Advisors Inc. bought a new position in Ubiquiti Networks in the second quarter valued at $572,000. First Trust Advisors LP lifted its stake in Ubiquiti Networks by 13.6% in the second quarter. First Trust Advisors LP now owns 54,793 shares of the Wireless communications provider’s stock valued at $4,642,000 after acquiring an additional 6,543 shares during the last quarter. Public Employees Retirement Association of Colorado lifted its stake in Ubiquiti Networks by 48.6% in the second quarter. Public Employees Retirement Association of Colorado now owns 2,182 shares of the Wireless communications provider’s stock valued at $185,000 after acquiring an additional 714 shares during the last quarter. Barings LLC acquired a new stake in Ubiquiti Networks in the second quarter valued at $1,169,000. Finally, LMR Partners LLP acquired a new stake in Ubiquiti Networks in the second quarter valued at $2,738,000. Institutional investors own 24.64% of the company’s stock.

Shares of UBNT stock opened at $110.64 on Friday. The firm has a market capitalization of $7.69 billion, a price-to-earnings ratio of 30.23, a PEG ratio of 2.10 and a beta of 1.15. The company has a quick ratio of 5.20, a current ratio of 6.12 and a debt-to-equity ratio of 1.68. Ubiquiti Networks Inc has a one year low of $49.40 and a one year high of $114.89.

Ubiquiti Networks (NASDAQ:UBNT) last announced its quarterly earnings results on Friday, November 9th. The Wireless communications provider reported $1.17 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.34. The firm had revenue of $282.90 million during the quarter, compared to analysts’ expectations of $270.60 million. Ubiquiti Networks had a net margin of 19.64% and a return on equity of 87.51%. The company’s revenue for the quarter was up 15.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.92 earnings per share. As a group, equities research analysts predict that Ubiquiti Networks Inc will post 3.69 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, November 26th. Stockholders of record on Monday, November 19th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date was Friday, November 16th. Ubiquiti Networks’s dividend payout ratio is presently 27.32%.

A number of analysts have commented on UBNT shares. BidaskClub cut shares of Ubiquiti Networks from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 9th. BMO Capital Markets reiterated a “hold” rating on shares of Ubiquiti Networks in a research note on Friday, August 24th. Credit Suisse Group set a $79.00 price target on shares of Ubiquiti Networks and gave the company a “hold” rating in a research note on Monday, August 27th. Zacks Investment Research reiterated a “hold” rating and issued a $119.00 price target on shares of Ubiquiti Networks in a research note on Saturday, November 17th. Finally, JMP Securities reiterated a “hold” rating on shares of Ubiquiti Networks in a research note on Tuesday, November 13th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $82.62.

In other news, Director Ronald Sege sold 6,250 shares of the firm’s stock in a transaction dated Wednesday, November 28th. The shares were sold at an average price of $110.19, for a total transaction of $688,687.50. Following the completion of the sale, the director now owns 6,250 shares in the company, valued at approximately $688,687.50. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 78.70% of the company’s stock.

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Ubiquiti Networks Profile

Ubiquiti Networks, Inc develops networking technology for service providers, enterprises, and consumers. It focuses on three principal technologies, including high-capacity distributed Internet access, unified information technology, and consumer electronics for home and personal use. The company's service provider product platforms offer carrier-class network infrastructure for fixed wireless broadband, wireless backhaul systems, and routing; and enterprise product platforms provide wireless LAN infrastructure, video surveillance products, switching and routing solutions, security gateways, and other WLAN products, as well as offers consumer products under the Ubiquiti Labs brand name.

Further Reading: Yield Curve

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Institutional Ownership by Quarter for Ubiquiti Networks (NASDAQ:UBNT)

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