Quadrature Capital Ltd Makes New Investment in Ubiquiti Inc. (NYSE:UI)

Quadrature Capital Ltd acquired a new stake in shares of Ubiquiti Inc. (NYSE:UIFree Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 10,473 shares of the company’s stock, valued at approximately $1,461,000.

Several other institutional investors have also recently modified their holdings of UI. Quadrant Capital Group LLC increased its position in shares of Ubiquiti by 435.0% during the 4th quarter. Quadrant Capital Group LLC now owns 214 shares of the company’s stock valued at $30,000 after purchasing an additional 174 shares during the last quarter. Parallel Advisors LLC increased its position in shares of Ubiquiti by 116.5% during the 4th quarter. Parallel Advisors LLC now owns 223 shares of the company’s stock valued at $31,000 after purchasing an additional 120 shares during the last quarter. Headlands Technologies LLC bought a new position in shares of Ubiquiti during the 4th quarter valued at about $42,000. Signaturefd LLC boosted its holdings in Ubiquiti by 105.4% during the 4th quarter. Signaturefd LLC now owns 415 shares of the company’s stock valued at $58,000 after acquiring an additional 213 shares during the period. Finally, Quest Partners LLC purchased a new stake in Ubiquiti during the 4th quarter valued at about $66,000. 4.00% of the stock is currently owned by institutional investors.

Ubiquiti Trading Down 0.0 %

NYSE UI opened at $144.86 on Tuesday. Ubiquiti Inc. has a fifty-two week low of $103.00 and a fifty-two week high of $189.52. The company has a debt-to-equity ratio of 32.43, a quick ratio of 1.84 and a current ratio of 3.95. The stock has a 50 day simple moving average of $124.86 and a two-hundred day simple moving average of $124.48. The stock has a market cap of $8.76 billion, a P/E ratio of 25.02 and a beta of 1.19.

Ubiquiti (NYSE:UIGet Free Report) last released its quarterly earnings data on Friday, May 10th. The company reported $1.26 earnings per share for the quarter, missing the consensus estimate of $1.77 by ($0.51). Ubiquiti had a negative return on equity of 829.74% and a net margin of 18.30%. The business had revenue of $493.00 million during the quarter, compared to analysts’ expectations of $497.51 million. On average, analysts forecast that Ubiquiti Inc. will post 5.71 earnings per share for the current year.

Ubiquiti Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 28th. Shareholders of record on Monday, May 20th were issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 1.66%. The ex-dividend date of this dividend was Friday, May 17th. Ubiquiti’s dividend payout ratio (DPR) is currently 41.45%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on UI. Barclays increased their target price on Ubiquiti from $93.00 to $108.00 and gave the company an “underweight” rating in a report on Monday, May 13th. StockNews.com upgraded Ubiquiti from a “sell” rating to a “hold” rating in a report on Thursday, April 18th. Finally, BWS Financial restated a “buy” rating and set a $160.00 target price on shares of Ubiquiti in a report on Monday, May 13th.

View Our Latest Report on Ubiquiti

Ubiquiti Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Ubiquiti (NYSE:UI)

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