Insider Buying: Ultralife Co. (NASDAQ:ULBI) Director Acquires 2,500 Shares of Stock

Ultralife Co. (NASDAQ:ULBI) Director W. Shaw Robert acquired 2,500 shares of the company’s stock in a transaction dated Tuesday, November 12th. The stock was acquired at an average cost of $7.91 per share, for a total transaction of $19,775.00. Following the completion of the acquisition, the director now directly owns 65,250 shares in the company, valued at approximately $516,127.50. The trade was a 3.98 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink.

Ultralife Stock Performance

ULBI opened at $7.67 on Friday. Ultralife Co. has a 1 year low of $6.36 and a 1 year high of $13.39. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.30 and a quick ratio of 2.06. The firm has a fifty day moving average price of $9.01 and a 200 day moving average price of $10.28. The stock has a market cap of $127.55 million, a P/E ratio of 13.95 and a beta of 0.98.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of Ultralife from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 3rd.

Institutional Investors Weigh In On Ultralife

A number of institutional investors have recently modified their holdings of the business. ClariVest Asset Management LLC lifted its position in shares of Ultralife by 2.9% in the second quarter. ClariVest Asset Management LLC now owns 66,657 shares of the technology company’s stock valued at $708,000 after acquiring an additional 1,864 shares in the last quarter. Empowered Funds LLC boosted its stake in shares of Ultralife by 7.8% in the first quarter. Empowered Funds LLC now owns 31,396 shares of the technology company’s stock valued at $277,000 after purchasing an additional 2,275 shares during the period. Perritt Capital Management Inc. boosted its stake in shares of Ultralife by 25.0% in the 1st quarter. Perritt Capital Management Inc. now owns 15,000 shares of the technology company’s stock valued at $132,000 after buying an additional 3,000 shares during the period. Acadian Asset Management LLC boosted its position in shares of Ultralife by 4.4% during the 2nd quarter. Acadian Asset Management LLC now owns 146,635 shares of the technology company’s stock worth $1,556,000 after acquiring an additional 6,206 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in Ultralife by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 515,840 shares of the technology company’s stock worth $4,545,000 after acquiring an additional 6,640 shares in the last quarter. 30.68% of the stock is currently owned by institutional investors and hedge funds.

Ultralife Company Profile

Ultralife Corporation, together with its subsidiaries, designs, manufactures, installs, and maintains power, and communication and electronics systems worldwide. The company operates in two segments, Battery & Energy Products and Communications Systems. The Battery & Energy Products segment offers lithium 9-volt, cylindrical, thin lithium manganese dioxide, rechargeable, and other non-rechargeable batteries; lithium-ion cells, multi-kilowatt module lithium-ion battery systems, and uninterruptable power supplies; and rugged military and commercial battery charging systems and accessories, including smart chargers, multi-bay charging systems, and various cables.