Milton Ault III Purchases 7,506 Shares of Universal Security Instruments (NYSE:UUU) Stock

Universal Security Instruments, Inc. (NYSE:UUU) Director Milton Ault III acquired 7,506 shares of the firm’s stock in a transaction on Thursday, August 20th. The stock was bought at an average price of $6.13 per share, for a total transaction of $46,011.78. Following the completion of the acquisition, the director owned 1,065,861 shares of the company’s stock, valued at approximately $6,533,727.93. The trade was a 0.71% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website.

Universal Security Instruments Price Performance

Shares of UUU opened at $6.40 on Friday. The firm has a market capitalization of $19.39 million, a PE ratio of -11.43 and a beta of 0.05. The company’s 50-day moving average is $4.14 and its 200-day moving average is $5.20. Universal Security Instruments, Inc. has a fifty-two week low of $3.02 and a fifty-two week high of $8.27.

Hedge Funds Weigh In On Universal Security Instruments

Several institutional investors and hedge funds have recently modified their holdings of UUU. Quantbot Technologies LP acquired a new stake in Universal Security Instruments in the 2nd quarter worth about $222,000. Virtus Advisers LLC acquired a new position in shares of Universal Security Instruments during the 2nd quarter worth approximately $271,000. The Manufacturers Life Insurance Company acquired a new position in shares of Universal Security Instruments during the 2nd quarter worth approximately $523,000. Qube Research & Technologies Ltd bought a new position in shares of Universal Security Instruments during the third quarter worth approximately $42,000. Finally, Jupiter Topco LLC bought a new position in shares of Universal Security Instruments during the second quarter worth approximately $562,000.

About Universal Security Instruments

Universal Security Instruments, Inc (NYSE: UUU) is a manufacturer and marketer of home safety and security products based in Holbrook, New York. The company specializes in the design, development and distribution of devices intended to protect lives and property, servicing both residential and commercial end users.

Its product portfolio includes photoelectric and ionization smoke alarms, carbon monoxide detectors, combination smoke/CO units, fire extinguishers and fire escape ladders. Additional offerings extend to weather radios and environmental sensors, all engineered to meet or exceed applicable UL, ANSI and NFPA safety standards.

Universal Security Instruments distributes its products primarily across the United States and Canada through a network of mass merchants, independent electrical distributors, home improvement centers and e-commerce platforms.