GC Wealth Management RIA LLC Sells 500 Shares of Ubiquiti Inc. (NYSE:UI)

GC Wealth Management RIA LLC lowered its position in shares of Ubiquiti Inc. (NYSE:UI) by 25.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 1,500 shares of the company’s stock after selling 500 shares during the period. GC Wealth Management RIA LLC’s holdings in Ubiquiti were worth $498,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Caprock Group LLC lifted its holdings in Ubiquiti by 2.3% during the fourth quarter. Caprock Group LLC now owns 1,085 shares of the company’s stock valued at $360,000 after purchasing an additional 24 shares in the last quarter. Hanseatic Management Services Inc. lifted its holdings in shares of Ubiquiti by 12.0% in the fourth quarter. Hanseatic Management Services Inc. now owns 384 shares of the company’s stock worth $127,000 after buying an additional 41 shares in the last quarter. Venturi Wealth Management LLC lifted its holdings in shares of Ubiquiti by 71.1% in the fourth quarter. Venturi Wealth Management LLC now owns 130 shares of the company’s stock worth $43,000 after buying an additional 54 shares in the last quarter. US Bancorp DE lifted its holdings in shares of Ubiquiti by 3.9% in the third quarter. US Bancorp DE now owns 1,537 shares of the company’s stock worth $341,000 after buying an additional 57 shares in the last quarter. Finally, CIBC Asset Management Inc lifted its holdings in shares of Ubiquiti by 3.4% in the third quarter. CIBC Asset Management Inc now owns 1,768 shares of the company’s stock worth $392,000 after buying an additional 58 shares in the last quarter. Hedge funds and other institutional investors own 4.00% of the company’s stock.

Ubiquiti Trading Up 0.4 %

Shares of UI opened at $301.99 on Wednesday. The company’s fifty day moving average is $364.66 and its 200 day moving average is $306.24. Ubiquiti Inc. has a fifty-two week low of $104.24 and a fifty-two week high of $469.98. The stock has a market capitalization of $18.27 billion, a PE ratio of 41.03 and a beta of 1.12. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.98 and a current ratio of 2.22.

Ubiquiti (NYSE:UI) last announced its quarterly earnings results on Friday, February 14th. The company reported $2.26 earnings per share for the quarter, topping the consensus estimate of $2.14 by $0.12. Ubiquiti had a net margin of 20.68% and a return on equity of 296.82%. During the same period in the previous year, the firm earned $1.36 EPS. Sell-side analysts expect that Ubiquiti Inc. will post 7.21 earnings per share for the current fiscal year.

Ubiquiti Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, February 24th. Investors of record on Tuesday, February 18th were given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 0.79%. The ex-dividend date of this dividend was Tuesday, February 18th. Ubiquiti’s dividend payout ratio is presently 32.61%.

Insider Buying and Selling

In other Ubiquiti news, CAO Kevin Radigan sold 1,000 shares of the business’s stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $347.99, for a total transaction of $347,990.00. Following the transaction, the chief accounting officer now owns 2,484 shares in the company, valued at $864,407.16. The trade was a 28.70 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 93.10% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

UI has been the topic of several research analyst reports. StockNews.com raised shares of Ubiquiti from a “hold” rating to a “buy” rating in a report on Sunday, November 17th. Barclays lowered their target price on shares of Ubiquiti from $236.00 to $222.00 and set an “underweight” rating on the stock in a report on Monday, February 10th. Finally, BWS Financial reissued a “buy” rating and issued a $440.00 target price on shares of Ubiquiti in a report on Monday, February 10th.

Ubiquiti 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.