ClearAlpha Technologies LP Makes New $627,000 Investment in Ubiquiti Inc. (NYSE:UI)

ClearAlpha Technologies LP acquired a new stake in Ubiquiti Inc. (NYSE:UI) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 2,828 shares of the company’s stock, valued at approximately $627,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in UI. Vanguard Group Inc. increased its stake in Ubiquiti by 24.1% in the 1st quarter. Vanguard Group Inc. now owns 97,817 shares of the company’s stock valued at $11,332,000 after purchasing an additional 18,986 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Ubiquiti by 87.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,094 shares of the company’s stock worth $706,000 after buying an additional 2,838 shares during the last quarter. Virtu Financial LLC purchased a new stake in shares of Ubiquiti in the 1st quarter worth about $261,000. Alpha Cubed Investments LLC acquired a new stake in Ubiquiti in the 2nd quarter valued at about $407,000. Finally, Sumitomo Mitsui Trust Holdings Inc. purchased a new position in Ubiquiti during the 2nd quarter valued at about $241,000. Institutional investors and hedge funds own 4.00% of the company’s stock.

Ubiquiti Price Performance

Ubiquiti stock opened at $346.49 on Monday. The firm’s 50-day moving average is $275.08 and its two-hundred day moving average is $205.01. The company has a debt-to-equity ratio of 2.80, a current ratio of 2.54 and a quick ratio of 1.32. The stock has a market capitalization of $20.95 billion, a P/E ratio of 53.64 and a beta of 1.13. Ubiquiti Inc. has a 12-month low of $104.24 and a 12-month high of $366.00.

Ubiquiti Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Monday, November 18th were issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 0.69%. The ex-dividend date of this dividend was Monday, November 18th. Ubiquiti’s dividend payout ratio (DPR) is 37.15%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. BWS Financial upped their price target on shares of Ubiquiti from $240.00 to $385.00 and gave the company a “buy” rating in a report on Monday, November 11th. Barclays upped their target price on Ubiquiti from $104.00 to $236.00 and gave the company an “underweight” rating in a research note on Monday, November 11th. Finally, StockNews.com raised Ubiquiti from a “hold” rating to a “buy” rating in a research report on Sunday, November 17th.

Ubiquiti Company Profile

Ubiquiti Inc develops networking technology for service providers, enterprises, and consumers. The company develops technology platforms for high-capacity distributed Internet access, unified information technology, and consumer electronics for professional, home, and personal use. Its service provider product platforms offer carrier-class network infrastructure for fixed wireless broadband, wireless backhaul systems, and routing and related software; and enterprise product platforms provide wireless LAN infrastructure, video surveillance products, switching and routing solutions, security gateways, door access systems, and other WLAN products.