12,134 Shares in Ultralife Co. (NASDAQ:ULBI) Purchased by Susquehanna International Group LLP
Susquehanna International Group LLP purchased a new position in Ultralife Co. (NASDAQ:ULBI) in the fourth quarter, Holdings Channel reports. The fund purchased 12,134 shares of the technology company’s stock, valued at approximately $79,000.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Marshall Wace North America L.P. bought a new stake in Ultralife during the first quarter worth approximately $36,000. JPMorgan Chase & Co. grew its position in Ultralife by 22.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 10,207 shares of the technology company’s stock worth $63,000 after purchasing an additional 1,864 shares in the last quarter. Rhumbline Advisers purchased a new position in Ultralife during the 4th quarter worth approximately $72,000. Brandywine Global Investment Management LLC grew its position in Ultralife by 17.8% during the 4th quarter. Brandywine Global Investment Management LLC now owns 12,585 shares of the technology company’s stock worth $81,000 after purchasing an additional 1,900 shares in the last quarter. Finally, Bailard Inc. bought a new stake in Ultralife in the fourth quarter worth $159,000. 35.01% of the stock is currently owned by institutional investors.
Separately, Benchmark assumed coverage on shares of Ultralife in a research report on Thursday, April 1st. They set a “buy” rating and a $12.00 target price for the company.
Ultralife (NASDAQ:ULBI) last announced its quarterly earnings data on Thursday, February 4th. The technology company reported $0.17 EPS for the quarter. The business had revenue of $28.98 million during the quarter. Ultralife had a net margin of 4.33% and a return on equity of 5.36%.
Ultralife Company Profile
Ultralife Corp. engages in the manufacture and sale of products for power solutions. It operates through the Battery & Energy Products and Communications System segments. The Battery & Energy Products segment includes Lithium 9-volt, cylindrical, thin cell and various other non-rechargeable batteries, in addition to rechargeable batteries, uninterruptable power supplies, charging systems, and accessories such as cables.
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