17,740 Shares in Unusual Machines, Inc. (NYSEAMERICAN:UMAC) Bought by Jane Street Group LLC

Jane Street Group LLC purchased a new position in Unusual Machines, Inc. (NYSEAMERICAN:UMAC) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 17,740 shares of the company’s stock, valued at approximately $298,000. Jane Street Group LLC owned about 0.12% of Unusual Machines as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Signaturefd LLC bought a new stake in shares of Unusual Machines in the 4th quarter worth $25,000. NewEdge Advisors LLC purchased a new position in shares of Unusual Machines in the 4th quarter worth $84,000. SBI Securities Co. Ltd. bought a new stake in shares of Unusual Machines in the fourth quarter worth $141,000. Finally, Geode Capital Management LLC increased its position in Unusual Machines by 329.3% during the fourth quarter. Geode Capital Management LLC now owns 43,214 shares of the company’s stock valued at $727,000 after acquiring an additional 33,148 shares during the last quarter.

Analyst Ratings Changes

Separately, Litchfield Hills Research started coverage on shares of Unusual Machines in a report on Wednesday, February 19th. They set a “buy” rating and a $20.00 target price for the company.

Insider Buying and Selling at Unusual Machines

In related news, CFO Brian Joseph Hoff sold 83,775 shares of the stock in a transaction on Thursday, April 3rd. The stock was sold at an average price of $5.70, for a total transaction of $477,517.50. Following the sale, the chief financial officer now owns 359,225 shares in the company, valued at approximately $2,047,582.50. This represents a 18.91% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 22.20% of the stock is currently owned by company insiders.

Unusual Machines Stock Up 11.3%

UMAC opened at $5.52 on Tuesday. The company has a quick ratio of 0.95, a current ratio of 2.24 and a debt-to-equity ratio of 0.16. The company has a fifty day moving average of $5.51 and a 200 day moving average of $7.16. Unusual Machines, Inc. has a fifty-two week low of $1.13 and a fifty-two week high of $23.62.

Unusual Machines Profile

Unusual Machines, Inc designs, manufactures, and sells ultra-low latency video goggles for drone pilots. It operates a drone-focused e-commerce marketplace. The company serves drone pilots, hobbyists, and recreational services. The company was formerly known as AerocarveUS Corporation and changed its name to Unusual Machines, Inc in July 2022.