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

Ultralife Corporation (NASDAQ:ULBI) Director Bradford Whitmore acquired 67,302 shares of Ultralife stock in a transaction on Tuesday, May 26th. The shares were bought at an average price of $6.81 per share, for a total transaction of $458,326.62. Following the purchase, the director owned 2,050,637 shares of the company’s stock, valued at $13,964,837.97. This represents a 3.39% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Ultralife Stock Up 6.5%

Shares of ULBI traded up $0.42 during midday trading on Tuesday, reaching $6.86. 141,220 shares of the company were exchanged, compared to its average volume of 47,721. The stock has a 50-day moving average price of $6.75 and a 200-day moving average price of $6.23. The company has a market cap of $114.29 million, a price-to-earnings ratio of -13.72 and a beta of 0.74. Ultralife Corporation has a 1-year low of $4.90 and a 1-year high of $9.52. The company has a current ratio of 2.56, a quick ratio of 1.23 and a debt-to-equity ratio of 0.34.

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

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Lazard Asset Management LLC lifted its stake in shares of Ultralife by 1,650.0% in 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 in the last quarter. Empowered Funds LLC acquired a new position in shares of Ultralife in the fourth quarter worth about $44,000. Prelude Capital Management LLC acquired a new position in shares of Ultralife in the third quarter worth about $71,000. Bank of America Corp DE lifted its stake in shares of Ultralife by 30.7% in the fourth quarter. Bank of America Corp DE now owns 12,067 shares of the technology company’s stock worth $90,000 after acquiring an additional 2,836 shares in the last quarter. Finally, Jane Street Group LLC acquired a new position in shares of Ultralife in the fourth quarter worth about $75,000. Institutional investors and hedge funds own 30.68% of the company’s stock.

About Ultralife

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.