Universal Security Instruments (NYSE:UUU) Director Purchases $24,040.00 in Stock

Universal Security Instruments, Inc. (NYSE:UUU) Director Milton Ault III bought 4,000 shares of Universal Security Instruments stock in a transaction that occurred on Thursday, March 19th. The stock was purchased at an average cost of $6.01 per share, for a total transaction of $24,040.00. Following the acquisition, the director owned 640,839 shares of the company’s stock, valued at $3,851,442.39. This represents a 0.63% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Universal Security Instruments Stock Down 3.5%

NYSE UUU traded down $0.21 on Monday, hitting $5.73. 64,999 shares of the stock were exchanged, compared to its average volume of 160,349. Universal Security Instruments, Inc. has a fifty-two week low of $1.65 and a fifty-two week high of $8.27. The company has a 50-day moving average price of $5.04 and a 200-day moving average price of $5.01. The company has a market cap of $15.57 million, a PE ratio of -10.23 and a beta of -0.17.

Hedge Funds Weigh In On Universal Security Instruments

Several large investors have recently bought and sold shares of the stock. Bridgeway Capital Management LLC acquired a new stake in shares of Universal Security Instruments during the fourth quarter worth about $56,000. Heron Bay Capital Management purchased a new stake in shares of Universal Security Instruments during the fourth quarter worth approximately $186,000. DRW Securities LLC increased its stake in Universal Security Instruments by 24.6% in the 4th quarter. DRW Securities LLC now owns 77,979 shares of the company’s stock valued at $402,000 after buying an additional 15,404 shares during the period. Geode Capital Management LLC raised its position in Universal Security Instruments by 22.8% during the 4th quarter. Geode Capital Management LLC now owns 15,355 shares of the company’s stock worth $79,000 after buying an additional 2,850 shares during the last quarter. Finally, Qube Research & Technologies Ltd acquired a new stake in shares of Universal Security Instruments in the 3rd quarter worth $42,000.

Universal Security Instruments Company Profile

Universal Security Instruments, Inc (NYSE: UUU) is a manufacturer and marketer of home safety and security products based in Holbrook, New York. The company specializes in the design, development and distribution of devices intended to protect lives and property, servicing both residential and commercial end users.

Its product portfolio includes photoelectric and ionization smoke alarms, carbon monoxide detectors, combination smoke/CO units, fire extinguishers and fire escape ladders. Additional offerings extend to weather radios and environmental sensors, all engineered to meet or exceed applicable UL, ANSI and NFPA safety standards.

Universal Security Instruments distributes its products primarily across the United States and Canada through a network of mass merchants, independent electrical distributors, home improvement centers and e-commerce platforms.