Universal Security Instruments (NYSE:UUU) Director Milton Ault III Purchases 10,000 Shares of Stock

Universal Security Instruments, Inc. (NYSE:UUU) Director Milton Ault III acquired 10,000 shares of the business’s stock in a transaction dated Tuesday, March 31st. The shares were bought at an average cost of $5.84 per share, for a total transaction of $58,400.00. Following the transaction, the director directly owned 685,252 shares in the company, valued at approximately $4,001,871.68. This represents a 1.48% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Universal Security Instruments Price Performance

Shares of Universal Security Instruments stock opened at $5.90 on Friday. The business has a 50-day simple moving average of $5.16 and a 200 day simple moving average of $5.01. Universal Security Instruments, Inc. has a one year low of $1.65 and a one year high of $8.27. The firm has a market capitalization of $16.04 million, a price-to-earnings ratio of -10.54 and a beta of -0.17.

Hedge Funds Weigh In On Universal Security Instruments

Large investors have recently added to or reduced their stakes in the business. Qube Research & Technologies Ltd bought a new stake in Universal Security Instruments during the 3rd quarter worth approximately $42,000. Bridgeway Capital Management LLC purchased a new position in shares of Universal Security Instruments during the fourth quarter valued at approximately $56,000. Geode Capital Management LLC grew its holdings in Universal Security Instruments by 22.8% during the fourth 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 in the last quarter. Heron Bay Capital Management purchased a new stake in Universal Security Instruments in the 4th quarter valued at $186,000. Finally, Two Sigma Investments LP purchased a new stake in Universal Security Instruments in the 3rd quarter valued at $198,000.

About Universal Security Instruments

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.