Universal Security Instruments (NYSE:UUU) Director Milton Ault III Purchases 10,000 Shares of Stock

Universal Security Instruments, Inc. (NYSE:UUU) Director Milton Ault III purchased 10,000 shares of the firm’s stock in a transaction on Friday, March 20th. The shares were acquired at an average price of $6.35 per share, with a total value of $63,500.00. Following the completion of the acquisition, the director owned 650,839 shares in the company, valued at approximately $4,132,827.65. This trade represents a 1.56% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Universal Security Instruments Price Performance

Shares of NYSE:UUU opened at $5.73 on Tuesday. The company has a market capitalization of $15.57 million, a price-to-earnings ratio of -10.23 and a beta of -0.17. The business’s 50-day moving average is $5.04 and its 200-day moving average is $5.01. Universal Security Instruments, Inc. has a 1 year low of $1.65 and a 1 year high of $8.27.

Institutional Investors Weigh In On Universal Security Instruments

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Two Sigma Investments LP acquired a new position in shares of Universal Security Instruments during the third quarter valued at about $198,000. Qube Research & Technologies Ltd acquired a new stake in shares of Universal Security Instruments in the 3rd quarter valued at about $42,000. Geode Capital Management LLC increased its position in Universal Security Instruments by 22.8% in the 4th quarter. Geode Capital Management LLC now owns 15,355 shares of the company’s stock valued at $79,000 after buying an additional 2,850 shares in the last quarter. DRW Securities LLC increased its position in Universal Security Instruments by 24.6% in the 4th quarter. DRW Securities LLC now owns 77,979 shares of the company’s stock valued at $402,000 after buying an additional 15,404 shares in the last quarter. Finally, Heron Bay Capital Management acquired a new position in Universal Security Instruments during the 4th quarter worth approximately $186,000.

About Universal Security Instruments

Universal Security Instruments, Inc (NYSE: UUU) is a manufacturer and marketer of home safety and security products based in Holbrook, New York. The company specializes in the design, development and distribution of devices intended to protect lives and property, servicing both residential and commercial end users.

Its product portfolio includes photoelectric and ionization smoke alarms, carbon monoxide detectors, combination smoke/CO units, fire extinguishers and fire escape ladders. Additional offerings extend to weather radios and environmental sensors, all engineered to meet or exceed applicable UL, ANSI and NFPA safety standards.

Universal Security Instruments distributes its products primarily across the United States and Canada through a network of mass merchants, independent electrical distributors, home improvement centers and e-commerce platforms.