Universal Security Instruments (NYSE:UUU) Director Milton Ault III Buys 10,000 Shares of Stock

Universal Security Instruments, Inc. (NYSE:UUU) Director Milton Ault III purchased 10,000 shares of the firm’s stock in a transaction on Monday, August 24th. The stock was bought at an average cost of $6.59 per share, with a total value of $65,900.00. Following the completion of the acquisition, the director directly owned 1,096,533 shares of the company’s stock, valued at $7,226,152.47. This trade represents a 0.92% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Universal Security Instruments Price Performance

UUU opened at $5.66 on Thursday. The firm has a fifty day moving average price of $4.19 and a 200 day moving average price of $5.23. Universal Security Instruments, Inc. has a 1 year low of $3.02 and a 1 year high of $8.27. The stock has a market cap of $17.14 million, a P/E ratio of -10.11 and a beta of 0.05.

Institutional Investors Weigh In On Universal Security Instruments

Several institutional investors have recently bought and sold shares of UUU. Two Sigma Investments LP purchased a new position in shares of Universal Security Instruments in the third quarter valued at approximately $198,000. Qube Research & Technologies Ltd purchased a new position in Universal Security Instruments in the 3rd quarter valued at $42,000. Geode Capital Management LLC boosted its stake 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 purchasing an additional 2,850 shares during the last quarter. DRW Securities LLC grew its holdings in shares of Universal Security Instruments by 24.6% during 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 in the last quarter. Finally, Heron Bay Capital Management acquired a new stake in shares of Universal Security Instruments in the fourth quarter valued at 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.