Signaturefd LLC Purchases 169 Shares of Ubiquiti Inc. (NYSE:UI)

Signaturefd LLC raised its position in shares of Ubiquiti Inc. (NYSE:UI) by 66.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 423 shares of the company’s stock after acquiring an additional 169 shares during the quarter. Signaturefd LLC’s holdings in Ubiquiti were worth $140,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Farther Finance Advisors LLC increased its stake in shares of Ubiquiti by 47.0% in the 4th quarter. Farther Finance Advisors LLC now owns 122 shares of the company’s stock valued at $40,000 after acquiring an additional 39 shares in the last quarter. Venturi Wealth Management LLC grew its holdings in 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 purchasing an additional 54 shares during the period. Blue Trust Inc. increased its stake in Ubiquiti by 78.8% in the fourth quarter. Blue Trust Inc. now owns 143 shares of the company’s stock valued at $47,000 after purchasing an additional 63 shares in the last quarter. Financial Perspectives Inc raised its holdings in shares of Ubiquiti by 152.2% during the fourth quarter. Financial Perspectives Inc now owns 169 shares of the company’s stock valued at $56,000 after purchasing an additional 102 shares during the period. Finally, Principal Securities Inc. boosted its position in shares of Ubiquiti by 89.3% during the 4th quarter. Principal Securities Inc. now owns 229 shares of the company’s stock worth $76,000 after purchasing an additional 108 shares in the last quarter. Institutional investors own 4.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on UI shares. Barclays decreased their target price 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 reaffirmed a “buy” rating and set a $440.00 target price on shares of Ubiquiti in a research report on Monday, February 10th.

Ubiquiti Stock Down 0.7 %

Shares of NYSE UI opened at $317.33 on Monday. The company has a debt-to-equity ratio of 1.31, a current ratio of 2.22 and a quick ratio of 0.98. The company has a 50-day moving average price of $359.15 and a 200-day moving average price of $313.10. The stock has a market capitalization of $19.19 billion, a P/E ratio of 43.11 and a beta of 1.12. Ubiquiti Inc. has a 1 year low of $104.24 and a 1 year high of $469.98.

Ubiquiti (NYSE:UI) last released its quarterly earnings results on Friday, February 14th. The company reported $2.26 earnings per share (EPS) for the quarter, beating 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 quarter in the prior year, the company posted $1.36 earnings per share. On average, equities research analysts forecast that Ubiquiti Inc. will post 7.21 EPS for the current fiscal year.

Ubiquiti Dividend Announcement

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

Insider Buying and Selling at Ubiquiti

In other Ubiquiti news, CAO Kevin Radigan sold 1,000 shares of the company’s stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $347.99, for a total value of $347,990.00. Following the completion of the sale, the chief accounting officer now directly owns 2,484 shares of the company’s stock, valued at approximately $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 accessible through the SEC website. Company insiders own 93.10% of the company’s stock.

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.