Universal Security Instruments (NYSE:UUU) Director Buys $239,400.00 in Stock

Universal Security Instruments, Inc. (NYSE:UUU) Director Milton Ault III bought 45,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 10th. The shares were purchased at an average cost of $5.32 per share, with a total value of $239,400.00. Following the transaction, the director directly owned 596,332 shares of the company’s stock, valued at $3,172,486.24. The trade was a 8.16% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website.

Universal Security Instruments Stock Up 0.3%

Shares of UUU opened at $5.85 on Friday. The company has a 50 day moving average of $4.95 and a two-hundred day moving average of $4.95. Universal Security Instruments, Inc. has a twelve month low of $1.65 and a twelve month high of $8.27. The company has a market cap of $15.90 million, a price-to-earnings ratio of -10.45 and a beta of -0.17.

Institutional Trading of Universal Security Instruments

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

About Universal Security Instruments

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.