Ultralife (NASDAQ:ULBI) Director Bradford Whitmore Buys 67,302 Shares

Ultralife Corporation (NASDAQ:ULBI) Director Bradford Whitmore acquired 67,302 shares of the stock in a transaction that occurred on Tuesday, May 26th. The stock was purchased at an average cost of $6.81 per share, with a total value of $458,326.62. Following the completion of the acquisition, the director owned 2,050,637 shares of the company’s stock, valued at $13,964,837.97. The trade was a 3.39% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Ultralife Stock Up 6.5%

Ultralife stock traded up $0.42 during midday trading on Tuesday, hitting $6.86. The stock had a trading volume of 141,220 shares, compared to its average volume of 47,721. The company has a current ratio of 2.56, a quick ratio of 1.23 and a debt-to-equity ratio of 0.34. The stock has a market cap of $114.29 million, a P/E ratio of -13.72 and a beta of 0.74. Ultralife Corporation has a 12 month low of $4.90 and a 12 month high of $9.52. The business has a fifty day moving average price of $6.75 and a 200 day moving average price of $6.23.

Ultralife (NASDAQ:ULBI) last announced its quarterly earnings data on Friday, May 8th. The technology company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.18). The firm had revenue of $47.45 million during the quarter, compared to the consensus estimate of $52.40 million. Ultralife had a negative net margin of 4.37% and a positive return on equity of 1.15%.

Institutional Trading of Ultralife

Several hedge funds and other institutional investors have recently bought and sold shares of ULBI. Empowered Funds LLC bought a new stake in Ultralife in the fourth quarter valued at about $44,000. Lazard Asset Management LLC raised its stake in Ultralife by 1,650.0% during the second quarter. Lazard Asset Management LLC now owns 5,565 shares of the technology company’s stock worth $49,000 after acquiring an additional 5,247 shares during the period. Prelude Capital Management LLC acquired a new stake in Ultralife during the third quarter worth about $71,000. Jane Street Group LLC acquired a new stake in Ultralife during the fourth quarter worth about $75,000. Finally, Jones Financial Companies Lllp raised its stake in Ultralife by 1,428.7% during the first quarter. Jones Financial Companies Lllp now owns 15,287 shares of the technology company’s stock worth $82,000 after acquiring an additional 14,287 shares during the period. 30.68% of the stock is owned by institutional investors.

Ultralife Company Profile

Ultralife Corporation (NASDAQ: ULBI) develops, manufactures and sells a broad range of energy and communications products for defense, medical, automotive and consumer electronics markets. The company operates through two primary segments: Power Systems and Communications Systems. In its Power Systems segment, Ultralife produces lithium-ion rechargeable cells and battery packs, primary lithium batteries, alkaline and rechargeable battery packs, chargers and battery accessories designed to meet demanding performance and safety requirements.