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

Universal Security Instruments, Inc. (NYSE:UUU) Director Milton Ault III purchased 10,000 shares of the business’s stock in a transaction dated Monday, March 23rd. The shares were purchased at an average price of $6.01 per share, with a total value of $60,100.00. Following the purchase, the director directly owned 660,839 shares in the company, valued at $3,971,642.39. This trade represents a 1.54% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Universal Security Instruments Stock Performance

Shares of UUU opened at $6.05 on Wednesday. Universal Security Instruments, Inc. has a fifty-two week low of $1.65 and a fifty-two week high of $8.27. The business has a 50-day moving average of $5.05 and a 200 day moving average of $5.00. The firm has a market cap of $16.44 million, a P/E ratio of -10.80 and a beta of -0.17.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. Bridgeway Capital Management LLC bought a new position in Universal Security Instruments in the 4th quarter worth approximately $56,000. Heron Bay Capital Management bought a new stake in Universal Security Instruments during the 4th quarter valued at $186,000. DRW Securities LLC lifted its position in shares of 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 acquiring an additional 15,404 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Universal Security Instruments by 22.8% during the fourth quarter. Geode Capital Management LLC now owns 15,355 shares of the company’s stock worth $79,000 after acquiring an additional 2,850 shares in the last quarter. Finally, Qube Research & Technologies Ltd bought a new position in shares of Universal Security Instruments in the third quarter worth $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.