Milton Ault III Buys 21,792 Shares of Universal Security Instruments (NYSE:UUU) Stock

Universal Security Instruments, Inc. (NYSE:UUU) Director Milton Ault III purchased 21,792 shares of Universal Security Instruments stock in a transaction that occurred on Thursday, March 5th. The shares were bought at an average cost of $5.16 per share, for a total transaction of $112,446.72. Following the completion of the transaction, the director directly owned 549,232 shares in the company, valued at $2,834,037.12. This represents a 4.13% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this link.

Universal Security Instruments Stock Up 3.5%

NYSE UUU opened at $5.59 on Wednesday. Universal Security Instruments, Inc. has a fifty-two week low of $1.65 and a fifty-two week high of $8.27. The business has a 50 day moving average price of $4.92 and a two-hundred day moving average price of $4.91. The stock has a market cap of $15.19 million, a PE ratio of -9.98 and a beta of -0.17.

Institutional Investors Weigh In On Universal Security Instruments

A number of hedge funds have recently bought and sold shares of UUU. Two Sigma Investments LP acquired a new stake in Universal Security Instruments during the 3rd quarter valued at approximately $198,000. Heron Bay Capital Management acquired a new position in shares of Universal Security Instruments in the 4th quarter valued at approximately $186,000. DRW Securities LLC boosted its stake in shares of Universal Security Instruments by 24.6% during the 4th quarter. DRW Securities LLC now owns 77,979 shares of the company’s stock valued at $402,000 after buying an additional 15,404 shares during the last quarter. Bridgeway Capital Management LLC purchased a new position in shares of Universal Security Instruments during the 4th quarter valued at approximately $56,000. Finally, Qube Research & Technologies Ltd acquired a new stake in shares of Universal Security Instruments during the third quarter worth approximately $42,000.

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.