Universal Electronics Inc. (NASDAQ:UEIC) Director Eric Singer Acquires 24,000 Shares of Stock

Universal Electronics Inc. (NASDAQ:UEIC) Director Eric Singer acquired 24,000 shares of the firm’s stock in a transaction on Tuesday, May 13th. The shares were bought at an average cost of $6.73 per share, with a total value of $161,520.00. Following the completion of the acquisition, the director now owns 30,403 shares in the company, valued at $204,612.19. This represents a 374.82% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink.

Universal Electronics Stock Performance

NASDAQ UEIC opened at $6.79 on Wednesday. Universal Electronics Inc. has a one year low of $4.32 and a one year high of $12.88. The company has a 50-day simple moving average of $5.76 and a 200-day simple moving average of $8.65. The firm has a market capitalization of $89.25 million, a PE ratio of -3.67, a price-to-earnings-growth ratio of 3.62 and a beta of 1.44.

Universal Electronics (NASDAQ:UEIC) last posted its quarterly earnings results on Thursday, February 20th. The technology company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.04). The business had revenue of $110.45 million during the quarter, compared to analyst estimates of $102.47 million. Universal Electronics had a negative net margin of 6.09% and a negative return on equity of 3.67%. Equities analysts forecast that Universal Electronics Inc. will post 0.17 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on UEIC. Rosenblatt Securities reaffirmed a “buy” rating and issued a $15.00 price target on shares of Universal Electronics in a report on Friday, February 21st. StockNews.com lowered shares of Universal Electronics from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 1st.

Institutional Trading of Universal Electronics

Hedge funds have recently bought and sold shares of the company. SBI Securities Co. Ltd. bought a new stake in Universal Electronics in the 4th quarter valued at about $33,000. Wellington Shields & Co. LLC bought a new stake in Universal Electronics in the 1st quarter valued at about $45,000. OMERS ADMINISTRATION Corp bought a new stake in Universal Electronics in the 4th quarter valued at about $121,000. Schonfeld Strategic Advisors LLC bought a new stake in Universal Electronics in the 4th quarter valued at about $139,000. Finally, Jane Street Group LLC bought a new stake in Universal Electronics in the 3rd quarter valued at about $163,000. 79.35% of the stock is currently owned by institutional investors.

About Universal Electronics

Universal Electronics Inc designs, develops, manufactures, ships, and supports control and sensor technology solutions in the United States, the People’s Republic of China, rest of Asia, Europe, Latin America, and internationally. The company offers voice-enabled automatically-programmed universal two-way radio frequency, as well as infrared remote controls to video service providers, original equipment manufacturers (OEMs), retailers, and private label customers; wall-mount and handheld thermostat controllers and connected accessories for smart energy management systems to OEM customers, hotels, hospitality, and system integrators; proprietary and standards-based RF sensors for residential security, safety, and home automation applications; and integrated circuits on which its software and universal device control database is embedded to OEMs, video service providers, and private label customers.