Aster Capital Management DIFC Ltd Purchases 78 Shares of Ubiquiti Inc. (NYSE:UI)

Aster Capital Management DIFC Ltd boosted its holdings in Ubiquiti Inc. (NYSE:UI) by 49.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 235 shares of the company’s stock after buying an additional 78 shares during the period. Aster Capital Management DIFC Ltd’s holdings in Ubiquiti were worth $78,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. The Manufacturers Life Insurance Company acquired a new position in Ubiquiti in the 3rd quarter valued at approximately $244,000. FMR LLC grew its stake in shares of Ubiquiti by 200.8% in the third quarter. FMR LLC now owns 2,764 shares of the company’s stock worth $613,000 after purchasing an additional 1,845 shares during the last quarter. Verition Fund Management LLC acquired a new stake in Ubiquiti in the third quarter valued at $626,000. Quantinno Capital Management LP raised its position in Ubiquiti by 91.7% during the 3rd quarter. Quantinno Capital Management LP now owns 3,671 shares of the company’s stock worth $814,000 after purchasing an additional 1,756 shares during the last quarter. Finally, XTX Topco Ltd acquired a new position in Ubiquiti during the 3rd quarter worth about $466,000. 4.00% of the stock is currently owned by institutional investors and hedge funds.

Ubiquiti Stock Performance

Shares of UI opened at $282.49 on Wednesday. The company has a current ratio of 2.22, a quick ratio of 0.98 and a debt-to-equity ratio of 1.31. The firm’s fifty day simple moving average is $332.77 and its two-hundred day simple moving average is $321.56. Ubiquiti Inc. has a 12 month low of $104.24 and a 12 month high of $469.98. The stock has a market capitalization of $17.09 billion, a P/E ratio of 38.38 and a beta of 1.31.

Ubiquiti (NYSE:UI) last released its earnings results on Friday, February 14th. The company reported $2.26 EPS for the quarter, topping the consensus estimate 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 previous year, the company earned $1.36 earnings per share. As a group, analysts predict that Ubiquiti Inc. will post 7.21 EPS for the current year.

Ubiquiti Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, February 24th. Investors of record on Tuesday, February 18th were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.85%. Ubiquiti’s payout ratio is presently 32.61%.

Insider Buying and Selling

In related news, CAO Kevin Radigan sold 1,000 shares of the business’s stock in a transaction dated Wednesday, February 12th. The stock was 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 $864,407.16. The trade was a 28.70 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 93.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on UI. Barclays decreased their price target on Ubiquiti from $236.00 to $222.00 and set an “underweight” rating for the company in a research note on Monday, February 10th. BWS Financial restated a “buy” rating and set a $440.00 price target on shares of Ubiquiti in a report on Friday, April 4th.

Ubiquiti 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.