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

Universal Security Instruments, Inc. (NYSE:UUU) Director Milton Ault III bought 10,000 shares of the firm’s stock in a transaction dated Wednesday, August 26th. The stock was purchased at an average price of $6.08 per share, with a total value of $60,800.00. Following the completion of the purchase, the director directly owned 1,115,262 shares of the company’s stock, valued at approximately $6,780,792.96. This trade represents a 0.90% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Universal Security Instruments Trading Down 0.7%

UUU stock traded down $0.04 during trading on Wednesday, reaching $5.66. The stock had a trading volume of 44,941 shares, compared to its average volume of 74,484. The firm has a fifty day moving average price of $4.18 and a 200 day moving average price of $5.22. The company has a market capitalization of $17.14 million, a P/E ratio of -10.11 and a beta of 0.05. Universal Security Instruments, Inc. has a 1-year low of $3.02 and a 1-year high of $8.27.

Hedge Funds Weigh In On Universal Security Instruments

Hedge funds have recently bought and sold shares of the company. BlackRock Inc. acquired a new position in shares of Universal Security Instruments in the 2nd quarter worth approximately $203,241,000. Pzena Investment Management LLC acquired a new position in Universal Security Instruments in the second quarter worth $18,963,000. DRW Securities LLC increased its stake in Universal Security Instruments by 24.6% during the fourth quarter. DRW Securities LLC now owns 77,979 shares of the company’s stock valued at $402,000 after purchasing an additional 15,404 shares during the last quarter. Bank of America Corp DE bought a new stake in Universal Security Instruments during the second quarter valued at $2,973,000. Finally, Legal & General Group Plc acquired a new stake in shares of Universal Security Instruments during the second quarter worth $2,947,000.

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.