Universal Security Instruments (NYSE:UUU) Director Milton Ault III Buys 5,275 Shares of Stock

Universal Security Instruments, Inc. (NYSE:UUU) Director Milton Ault III purchased 5,275 shares of the company’s stock in a transaction dated Tuesday, August 18th. The shares were acquired at an average price of $4.44 per share, for a total transaction of $23,421.00. Following the purchase, the director owned 1,035,527 shares in the company, valued at $4,597,739.88. The trade was a 0.51% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Universal Security Instruments Price Performance

Shares of UUU stock traded up $1.72 on Wednesday, hitting $6.24. The company’s stock had a trading volume of 255,207 shares, compared to its average volume of 74,879. The stock has a market capitalization of $18.90 million, a price-to-earnings ratio of -11.14 and a beta of 0.05. Universal Security Instruments, Inc. has a fifty-two week low of $2.86 and a fifty-two week high of $8.27. The firm’s fifty day moving average price is $4.13 and its 200-day moving average price is $5.17.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Bank of America Corp DE bought a new position in shares of Universal Security Instruments in the 2nd quarter valued at approximately $2,973,000. Jupiter Topco LLC bought a new stake in Universal Security Instruments during the second quarter worth approximately $562,000. Legal & General Group Plc acquired a new position in Universal Security Instruments during the second quarter valued at approximately $2,947,000. The Manufacturers Life Insurance Company acquired a new position in Universal Security Instruments during the second quarter valued at approximately $523,000. Finally, Brandywine Trust Co. bought a new position in shares of Universal Security Instruments in the second quarter valued at approximately $778,000.

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.