Insider Buying: Ultralife (NASDAQ:ULBI) Director Buys $458,326.62 in Stock

Ultralife Corporation (NASDAQ:ULBI) Director Bradford Whitmore acquired 67,302 shares of Ultralife stock in a transaction dated Tuesday, May 26th. The shares were acquired at an average price of $6.81 per share, with a total value of $458,326.62. Following the completion of the transaction, the director owned 2,050,637 shares of the company’s stock, valued at approximately $13,964,837.97. This trade represents a 3.39% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Ultralife Stock Up 0.1%

ULBI opened at $7.76 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.56 and a quick ratio of 1.23. Ultralife Corporation has a 12 month low of $4.90 and a 12 month high of $9.52. The stock’s 50 day moving average price is $6.79 and its 200 day moving average price is $6.25. The stock has a market cap of $129.28 million, a P/E ratio of -15.52 and a beta of 0.74.

Ultralife (NASDAQ:ULBI) last announced its quarterly earnings results on Friday, May 8th. The technology company reported ($0.03) earnings per share (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 business had revenue of $47.45 million for the quarter, compared to analyst estimates of $52.40 million.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in ULBI. Teton Advisors LLC bought a new position in shares of Ultralife in the third quarter valued at approximately $752,000. LSV Asset Management boosted its holdings in shares of Ultralife by 232.5% in the third quarter. LSV Asset Management now owns 64,500 shares of the technology company’s stock valued at $440,000 after acquiring an additional 45,100 shares in the last quarter. Pitti Group Wealth Management LLC boosted its holdings in shares of Ultralife by 20.0% in the third quarter. Pitti Group Wealth Management LLC now owns 17,981 shares of the technology company’s stock valued at $123,000 after acquiring an additional 3,000 shares in the last quarter. Jane Street Group LLC bought a new position in shares of Ultralife in the fourth quarter valued at approximately $75,000. Finally, Prelude Capital Management LLC bought a new position in shares of Ultralife in the third quarter valued at approximately $71,000. 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.