Ultralife (NASDAQ:ULBI) Director Bradford Whitmore Buys 9,530 Shares of Stock

Ultralife Corporation (NASDAQ:ULBI) Director Bradford Whitmore acquired 9,530 shares of the firm’s stock in a transaction that occurred on Friday, December 12th. The shares were bought at an average cost of $5.63 per share, for a total transaction of $53,653.90. Following the acquisition, the director owned 1,192,161 shares of the company’s stock, valued at $6,711,866.43. This represents a 0.81% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Ultralife Trading Up 0.7%

Shares of Ultralife stock opened at $5.79 on Wednesday. Ultralife Corporation has a 12-month low of $4.07 and a 12-month high of $9.52. The stock has a market cap of $96.40 million, a PE ratio of 57.90 and a beta of 0.88. The company has a 50-day moving average of $6.17 and a two-hundred day moving average of $7.11. The company has a current ratio of 2.99, a quick ratio of 1.42 and a debt-to-equity ratio of 0.34.

Ultralife (NASDAQ:ULBI) last posted its earnings results on Monday, November 17th. The technology company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.28). Ultralife had a return on equity of 1.66% and a net margin of 0.92%.The firm had revenue of $43.37 million for the quarter, compared to analysts’ expectations of $53.00 million.

Institutional Trading of Ultralife

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ULBI. Truffle Hound Capital LLC purchased a new position in shares of Ultralife during the second quarter valued at approximately $2,245,000. RBF Capital LLC purchased a new stake in Ultralife in the 2nd quarter worth approximately $2,020,000. Arrowstreet Capital Limited Partnership raised its holdings in Ultralife by 210.8% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 219,018 shares of the technology company’s stock valued at $1,494,000 after acquiring an additional 148,542 shares during the last quarter. Teton Advisors LLC acquired a new position in Ultralife in the 3rd quarter valued at $752,000. Finally, Russell Investments Group Ltd. lifted its stake in shares of Ultralife by 4,670.9% during the 3rd quarter. Russell Investments Group Ltd. now owns 48,997 shares of the technology company’s stock worth $334,000 after purchasing an additional 47,970 shares during the period. Hedge funds and other institutional investors own 30.68% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Weiss Ratings reissued a “sell (d+)” rating on shares of Ultralife in a research note on Monday. Wall Street Zen downgraded shares of Ultralife from a “strong-buy” rating to a “hold” rating in a report on Saturday, September 13th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has an average rating of “Sell”.

About Ultralife

Ultralife Corporation, together with its subsidiaries, designs, manufactures, installs, and maintains power, and communication and electronics systems worldwide. The company operates in two segments, Battery & Energy Products and Communications Systems. The Battery & Energy Products segment offers lithium 9-volt, cylindrical, thin lithium manganese dioxide, rechargeable, and other non-rechargeable batteries; lithium-ion cells, multi-kilowatt module lithium-ion battery systems, and uninterruptable power supplies; and rugged military and commercial battery charging systems and accessories, including smart chargers, multi-bay charging systems, and various cables.