Eric Singer Buys 3,000 Shares of Universal Electronics Inc. (NASDAQ:UEIC) Stock

Universal Electronics Inc. (NASDAQ:UEIC) Director Eric Singer bought 3,000 shares of Universal Electronics stock in a transaction that occurred on Monday, May 19th. The shares were acquired at an average cost of $6.89 per share, for a total transaction of $20,670.00. Following the acquisition, the director now owns 39,403 shares in the company, valued at $271,486.67. The trade was a 8.24% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Eric Singer also recently made the following trade(s):

• On Friday, May 16th, Eric Singer bought 6,000 shares of Universal Electronics stock. The shares were acquired at an average cost of $7.08 per share, for a total transaction of $42,480.00.
• On Tuesday, May 13th, Eric Singer bought 24,000 shares of Universal Electronics stock. The shares were acquired at an average cost of $6.73 per share, for a total transaction of $161,520.00.

Universal Electronics Trading Down 1.1%

Shares of UEIC opened at $7.05 on Wednesday. Universal Electronics Inc. has a 1-year low of $4.32 and a 1-year high of $12.64. The firm has a market capitalization of $92.85 million, a price-to-earnings ratio of -3.81, a PEG ratio of 3.62 and a beta of 1.44. The firm’s 50-day moving average price is $5.77 and its 200-day moving average price is $8.60.

Universal Electronics (NASDAQ:UEIC) last issued its quarterly earnings results on Thursday, February 20th. The technology company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.04). Universal Electronics had a negative net margin of 6.09% and a negative return on equity of 3.67%. The business had revenue of $110.45 million for the quarter, compared to analysts’ expectations of $102.47 million. On average, research analysts forecast that Universal Electronics Inc. will post 0.17 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on UEIC shares. Rosenblatt Securities reaffirmed a “buy” rating and set a $15.00 target price on shares of Universal Electronics in a report on Friday, February 21st. StockNews.com lowered shares of Universal Electronics from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 1st.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. SBI Securities Co. Ltd. purchased a new position in Universal Electronics during the 4th quarter valued at about $33,000. Wellington Shields & Co. LLC purchased a new position in Universal Electronics during the 1st quarter valued at about $45,000. OMERS ADMINISTRATION Corp purchased a new position in Universal Electronics during the 4th quarter valued at about $121,000. Jump Financial LLC purchased a new position in Universal Electronics during the 1st quarter valued at about $68,000. Finally, Schonfeld Strategic Advisors LLC purchased a new position in Universal Electronics in the fourth quarter worth about $139,000. 79.35% of the stock is owned by hedge funds and other institutional investors.

Universal Electronics Company Profile

Universal Electronics Inc designs, develops, manufactures, ships, and supports control and sensor technology solutions in the United States, the People’s Republic of China, rest of Asia, Europe, Latin America, and internationally. The company offers voice-enabled automatically-programmed universal two-way radio frequency, as well as infrared remote controls to video service providers, original equipment manufacturers (OEMs), retailers, and private label customers; wall-mount and handheld thermostat controllers and connected accessories for smart energy management systems to OEM customers, hotels, hospitality, and system integrators; proprietary and standards-based RF sensors for residential security, safety, and home automation applications; and integrated circuits on which its software and universal device control database is embedded to OEMs, video service providers, and private label customers.