Jump Financial LLC Boosts Holdings in Ubiquiti Inc. (NYSE:UI)

Jump Financial LLC grew its position in Ubiquiti Inc. (NYSE:UI) by 15.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 3,697 shares of the company’s stock after purchasing an additional 488 shares during the period. Jump Financial LLC’s holdings in Ubiquiti were worth $1,227,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Farther Finance Advisors LLC boosted its stake in Ubiquiti by 47.0% in the 4th quarter. Farther Finance Advisors LLC now owns 122 shares of the company’s stock worth $40,000 after purchasing an additional 39 shares in the last quarter. Venturi Wealth Management LLC raised 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 during the last quarter. Blue Trust Inc. lifted its stake in shares of Ubiquiti by 78.8% during the fourth quarter. Blue Trust Inc. now owns 143 shares of the company’s stock worth $47,000 after buying an additional 63 shares during the period. Financial Perspectives Inc lifted its stake in shares of Ubiquiti by 152.2% during the fourth quarter. Financial Perspectives Inc now owns 169 shares of the company’s stock worth $56,000 after buying an additional 102 shares during the period. Finally, Sterling Capital Management LLC grew its holdings in shares of Ubiquiti by 30.2% during the fourth quarter. Sterling Capital Management LLC now owns 168 shares of the company’s stock valued at $56,000 after buying an additional 39 shares during the last quarter. 4.00% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Ubiquiti news, CAO Kevin Radigan sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $347.99, for a total value of $347,990.00. Following the sale, the chief accounting officer now directly owns 2,484 shares of the company’s stock, valued at approximately $864,407.16. This trade represents a 28.70 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 93.10% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Barclays lowered their price target on Ubiquiti from $236.00 to $222.00 and set an “underweight” rating for the company in a research report on Monday, February 10th. BWS Financial reiterated a “buy” rating and issued a $440.00 target price on shares of Ubiquiti in a research report on Friday, April 4th.

Ubiquiti Price Performance

NYSE:UI opened at $296.55 on Monday. The firm’s fifty day moving average is $316.19 and its two-hundred day moving average is $326.88. The firm has a market cap of $17.94 billion, a price-to-earnings ratio of 40.29 and a beta of 1.31. 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 Inc. has a one year low of $104.46 and a one year high of $469.98.

Ubiquiti (NYSE:UI) last issued its earnings results on Friday, February 14th. The company reported $2.26 EPS for the quarter, topping analysts’ consensus estimates of $2.14 by $0.12. Ubiquiti had a return on equity of 296.82% and a net margin of 20.68%. During the same period in the prior year, the business earned $1.36 EPS. Research analysts expect that Ubiquiti Inc. will post 7.21 EPS for the current year.

Ubiquiti Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, February 24th. Investors of record on Tuesday, February 18th were paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 0.81%. The ex-dividend date of this dividend was Tuesday, February 18th. Ubiquiti’s dividend payout ratio is currently 32.61%.

Ubiquiti Company 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.