Insider Buying: Universal Security Instruments (NYSE:UUU) Director Buys 4,000 Shares of Stock

Universal Security Instruments, Inc. (NYSE:UUU) Director Milton Ault III bought 4,000 shares of Universal Security Instruments stock in a transaction on Thursday, March 19th. The stock was acquired at an average price of $6.01 per share, for a total transaction of $24,040.00. Following the transaction, the director directly owned 640,839 shares of the company’s stock, valued at approximately $3,851,442.39. This trade represents a 0.63% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Universal Security Instruments Stock Down 3.5%

Shares of UUU traded down $0.21 during trading on Monday, reaching $5.73. 64,999 shares of the company traded hands, compared to its average volume of 160,349. The stock has a 50-day simple moving average of $5.04 and a 200-day simple moving average of $5.01. The stock has a market cap of $15.57 million, a PE ratio of -10.23 and a beta of -0.17. Universal Security Instruments, Inc. has a twelve month low of $1.65 and a twelve month high of $8.27.

Institutional Investors Weigh In On Universal Security Instruments

Several institutional investors and hedge funds have recently modified their holdings of UUU. Geode Capital Management LLC lifted its holdings in Universal Security Instruments by 22.8% during the 4th quarter. Geode Capital Management LLC now owns 15,355 shares of the company’s stock worth $79,000 after buying an additional 2,850 shares in the last quarter. Qube Research & Technologies Ltd purchased a new position in Universal Security Instruments in the third quarter valued at $42,000. Bridgeway Capital Management LLC acquired a new position in Universal Security Instruments during the 4th quarter worth $56,000. DRW Securities LLC increased its holdings in Universal Security Instruments by 24.6% during the 4th quarter. DRW Securities LLC now owns 77,979 shares of the company’s stock worth $402,000 after purchasing an additional 15,404 shares during the period. Finally, Heron Bay Capital Management purchased a new stake in Universal Security Instruments during the 4th quarter worth about $186,000.

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.