Bradford Whitmore Buys 8,700 Shares of Ultralife (NASDAQ:ULBI) Stock

Ultralife Corporation (NASDAQ:ULBI) Director Bradford Whitmore acquired 8,700 shares of the firm’s stock in a transaction dated Friday, May 22nd. The shares were purchased at an average price of $6.33 per share, with a total value of $55,071.00. Following the completion of the transaction, the director owned 1,983,335 shares of the company’s stock, valued at $12,554,510.55. This trade represents a 0.44% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Ultralife Trading Up 13.0%

ULBI opened at $7.75 on Thursday. Ultralife Corporation has a twelve month low of $4.90 and a twelve month high of $9.52. The company has a quick ratio of 1.23, a current ratio of 2.56 and a debt-to-equity ratio of 0.34. The company has a fifty day moving average of $6.77 and a 200-day moving average of $6.24. The stock has a market cap of $129.12 million, a PE ratio of -15.50 and a beta of 0.74.

Ultralife (NASDAQ:ULBI) last released its earnings results on Friday, May 8th. The technology company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.18). The company had revenue of $47.45 million for the quarter, compared to analyst estimates of $52.40 million. Ultralife had a negative net margin of 4.37% and a positive return on equity of 1.15%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of ULBI. Arrowstreet Capital Limited Partnership boosted its stake in Ultralife by 210.8% during the third quarter. Arrowstreet Capital Limited Partnership now owns 219,018 shares of the technology company’s stock worth $1,494,000 after acquiring an additional 148,542 shares in the last quarter. Teton Advisors LLC bought a new position in Ultralife during the third quarter worth $752,000. Rothschild Wealth LLC bought a new position in Ultralife during the fourth quarter worth $400,000. Russell Investments Group Ltd. boosted its stake in Ultralife by 4,670.9% during the third quarter. Russell Investments Group Ltd. now owns 48,997 shares of the technology company’s stock worth $334,000 after acquiring an additional 47,970 shares in the last quarter. Finally, LSV Asset Management boosted its stake in Ultralife by 232.5% during the third quarter. LSV Asset Management now owns 64,500 shares of the technology company’s stock worth $440,000 after acquiring an additional 45,100 shares in the last quarter. 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.