Insider Buying: Universal Security Instruments (NYSE:UUU) Director Acquires 4,697 Shares of Stock

Universal Security Instruments, Inc. (NYSE:UUU) Director Milton Ault III bought 4,697 shares of Universal Security Instruments stock in a transaction dated Thursday, October 2nd. The shares were bought at an average cost of $4.56 per share, for a total transaction of $21,418.32. Following the completion of the transaction, the director owned 55,407 shares of the company’s stock, valued at approximately $252,655.92. This trade represents a 9.26% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Universal Security Instruments Stock Performance

Shares of NYSE:UUU opened at $4.74 on Friday. The firm has a market cap of $10.96 million, a PE ratio of -8.46 and a beta of -0.47. The firm’s 50 day simple moving average is $4.59 and its 200-day simple moving average is $3.23. Universal Security Instruments, Inc. has a one year low of $1.15 and a one year high of $8.27.

Universal Security Instruments Announces Dividend

The firm also recently disclosed a special dividend, which was paid on Thursday, September 25th. Stockholders of record on Thursday, September 18th were paid a dividend of $1.00 per share. The ex-dividend date was Friday, September 26th.

Universal Security Instruments Company Profile

Universal Security Instruments, Inc, together with its subsidiary, engages in the marketing and distribution of safety and security products in the United States. The company offers a line of safety alarms units, including replaceable batteries, sealed batteries, and battery backup alarms; and smoke alarms, which include hearing impaired and heat alarms, as well as carbon monoxide alarms, door chimes, ventilation products, ground fault circuit interrupters, and other electrical devices under the UNIVERSAL and USI Electric trade names.