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

Universal Security Instruments, Inc. (NYSE:UUU) Director Milton Ault III acquired 10,000 shares of Universal Security Instruments stock in a transaction on Monday, March 23rd. The shares were bought at an average cost of $6.01 per share, with a total value of $60,100.00. Following the completion of the purchase, the director owned 660,839 shares in the company, valued at $3,971,642.39. The trade was a 1.54% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link.

Universal Security Instruments Trading Down 3.5%

Universal Security Instruments stock opened at $5.73 on Tuesday. The stock has a 50 day moving average of $5.04 and a two-hundred day moving average of $5.01. Universal Security Instruments, Inc. has a twelve month low of $1.65 and a twelve month high of $8.27. The stock has a market capitalization of $15.57 million, a price-to-earnings ratio of -10.23 and a beta of -0.17.

Hedge Funds Weigh In On Universal Security Instruments

Institutional investors have recently bought and sold shares of the company. Two Sigma Investments LP acquired a new stake in shares of Universal Security Instruments in the 3rd quarter worth $198,000. Heron Bay Capital Management acquired a new position in shares of Universal Security Instruments during the fourth quarter worth about $186,000. DRW Securities LLC raised its holdings in Universal Security Instruments by 24.6% during the fourth quarter. DRW Securities LLC now owns 77,979 shares of the company’s stock worth $402,000 after purchasing an additional 15,404 shares in the last quarter. Bridgeway Capital Management LLC purchased a new position in Universal Security Instruments during the fourth quarter worth about $56,000. Finally, Qube Research & Technologies Ltd acquired a new stake in Universal Security Instruments in the third quarter valued at about $42,000.

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.