AXQ Capital LP Invests $381,000 in Ubiquiti Inc. (NYSE:UI)

AXQ Capital LP acquired a new position in shares of Ubiquiti Inc. (NYSE:UI) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,148 shares of the company’s stock, valued at approximately $381,000.

A number of other large investors also recently modified their holdings of UI. Atria Investments Inc bought a new stake in shares of Ubiquiti in the 3rd quarter valued at about $210,000. Empowered Funds LLC bought a new stake in shares of Ubiquiti in the 3rd quarter valued at about $323,000. Caprock Group LLC bought a new stake in shares of Ubiquiti in the 3rd quarter valued at about $235,000. Pacer Advisors Inc. bought a new stake in shares of Ubiquiti in the 3rd quarter valued at about $7,030,000. Finally, Algert Global LLC bought a new stake in shares of Ubiquiti in the 3rd quarter valued at about $838,000. 4.00% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Ubiquiti news, CAO Kevin Radigan sold 1,000 shares of the stock in a transaction that occurred 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. This represents a 28.70 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 93.10% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. BWS Financial reissued a “buy” rating and issued a $440.00 price target on shares of Ubiquiti in a report on Monday, February 10th. Barclays lowered their price target 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.

Ubiquiti Stock Down 0.7 %

Ubiquiti stock opened at $317.33 on Monday. The stock has a market cap of $19.19 billion, a P/E ratio of 43.11 and a beta of 1.12. The company has a quick ratio of 0.98, a current ratio of 2.22 and a debt-to-equity ratio of 1.31. Ubiquiti Inc. has a twelve month low of $104.24 and a twelve month high of $469.98. The company’s 50-day moving average price is $359.15 and its two-hundred day moving average price is $313.10.

Ubiquiti (NYSE:UI) last announced its earnings results on Friday, February 14th. The company reported $2.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 quarter last year, the firm posted $1.36 EPS. As a group, analysts expect that Ubiquiti Inc. will post 7.21 EPS for the current year.

Ubiquiti Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, February 24th. Shareholders of record on Tuesday, February 18th were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.76%. Ubiquiti’s payout ratio is presently 32.61%.

About Ubiquiti

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.