25,965 Shares in Ubiquiti Inc. (NYSE:UI) Acquired by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC acquired a new stake in shares of Ubiquiti Inc. (NYSE:UI) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 25,965 shares of the company’s stock, valued at approximately $8,619,000.

Several other large investors have also recently bought and sold shares of the company. Huntington National Bank lifted its holdings in shares of Ubiquiti by 267.6% during the 3rd quarter. Huntington National Bank now owns 125 shares of the company’s stock valued at $28,000 after purchasing an additional 91 shares in the last quarter. Venturi Wealth Management LLC raised its holdings in shares of Ubiquiti by 71.1% in the fourth quarter. Venturi Wealth Management LLC now owns 130 shares of the company’s stock valued at $43,000 after purchasing an additional 54 shares during the last quarter. Blue Trust Inc. lifted its position in shares of Ubiquiti by 78.8% in the fourth quarter. Blue Trust Inc. now owns 143 shares of the company’s stock worth $47,000 after purchasing an additional 63 shares in the last quarter. Financial Perspectives Inc grew its position in Ubiquiti by 152.2% in the fourth quarter. Financial Perspectives Inc now owns 169 shares of the company’s stock valued at $56,000 after purchasing an additional 102 shares in the last quarter. Finally, Hanseatic Management Services Inc. acquired a new stake in Ubiquiti in the 3rd quarter valued at $76,000. Institutional investors own 4.00% of the company’s stock.

Insider Transactions at Ubiquiti

In other news, CAO Kevin Radigan sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $347.99, for a total transaction of $347,990.00. Following the completion of the sale, the chief accounting officer now owns 2,484 shares in the company, valued at approximately $864,407.16. This trade represents a 28.70 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 93.10% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. BWS Financial restated a “buy” rating and set a $440.00 price objective on shares of Ubiquiti in a research note on Monday, February 10th. StockNews.com raised Ubiquiti from a “hold” rating to a “buy” rating in a research report on Sunday, November 17th. Finally, Barclays decreased their price target on Ubiquiti from $236.00 to $222.00 and set an “underweight” rating for the company in a research note on Monday, February 10th.

Ubiquiti Stock Performance

NYSE UI opened at $340.30 on Thursday. The firm has a market capitalization of $20.58 billion, a P/E ratio of 46.24 and a beta of 1.14. The company has a current ratio of 2.22, a quick ratio of 0.98 and a debt-to-equity ratio of 1.31. The firm’s fifty day moving average price is $368.46 and its two-hundred day moving average price is $296.33. Ubiquiti Inc. has a 1 year low of $104.24 and a 1 year high of $469.98.

Ubiquiti (NYSE:UI) last issued its earnings results on Friday, February 14th. The company reported $2.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.14 by $0.12. Ubiquiti had a net margin of 20.68% and a return on equity of 296.82%. During the same period in the previous year, the business posted $1.36 EPS. As a group, research analysts anticipate that Ubiquiti Inc. will post 7.21 EPS for the current year.

Ubiquiti Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 24th. Stockholders of record on Tuesday, February 18th were given a $0.60 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.71%. Ubiquiti’s payout ratio is 32.61%.

About Ubiquiti

Ubiquiti Inc develops networking technology for service providers, enterprises, and consumers. The company develops technology platforms for high-capacity distributed Internet access, unified information technology, and consumer electronics for professional, home, and personal use. Its service provider product platforms offer carrier-class network infrastructure for fixed wireless broadband, wireless backhaul systems, and routing and related software; and enterprise product platforms provide wireless LAN infrastructure, video surveillance products, switching and routing solutions, security gateways, door access systems, and other WLAN products.