2,809 Shares in Ubiquiti Inc. (NYSE:UI) Purchased by Quantbot Technologies LP

Quantbot Technologies LP bought a new stake in Ubiquiti Inc. (NYSE:UI) in the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 2,809 shares of the company’s stock, valued at approximately $932,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of UI. Farther Finance Advisors LLC raised its position in shares of Ubiquiti by 47.0% during the 4th quarter. Farther Finance Advisors LLC now owns 122 shares of the company’s stock worth $40,000 after purchasing an additional 39 shares during the last quarter. Venturi Wealth Management LLC raised its stake in Ubiquiti by 71.1% in the 4th quarter. Venturi Wealth Management LLC now owns 130 shares of the company’s stock valued at $43,000 after purchasing an additional 54 shares during the last quarter. Blue Trust Inc. lifted its holdings in Ubiquiti by 78.8% in the 4th quarter. Blue Trust Inc. now owns 143 shares of the company’s stock valued at $47,000 after purchasing an additional 63 shares in the last quarter. Financial Perspectives Inc boosted its stake in shares of Ubiquiti by 152.2% during the 4th quarter. Financial Perspectives Inc now owns 169 shares of the company’s stock worth $56,000 after purchasing an additional 102 shares during the last quarter. Finally, Principal Securities Inc. grew its holdings in shares of Ubiquiti by 89.3% during the fourth quarter. Principal Securities Inc. now owns 229 shares of the company’s stock worth $76,000 after buying an additional 108 shares in the last quarter. 4.00% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Ubiquiti

In related news, CAO Kevin Radigan sold 1,000 shares of the stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $347.99, for a total value of $347,990.00. Following the completion of the sale, the chief accounting officer now directly owns 2,484 shares in the company, valued at approximately $864,407.16. This represents a 28.70 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 93.10% of the stock is currently owned by insiders.

Ubiquiti Stock Performance

NYSE:UI opened at $313.97 on Thursday. The company has a market cap of $18.99 billion, a P/E ratio of 42.66 and a beta of 1.12. The firm’s 50 day moving average is $355.16 and its two-hundred day moving average is $315.04. Ubiquiti Inc. has a fifty-two week low of $104.24 and a fifty-two week high of $469.98. The company has a quick ratio of 0.98, a current ratio of 2.22 and a debt-to-equity ratio of 1.31.

Ubiquiti (NYSE:UI) last issued its earnings results on Friday, February 14th. The company reported $2.26 earnings per share for the quarter, topping the consensus estimate of $2.14 by $0.12. Ubiquiti had a return on equity of 296.82% and a net margin of 20.68%. During the same period last year, the company posted $1.36 EPS. Analysts expect that Ubiquiti Inc. will post 7.21 EPS for the current year.

Ubiquiti Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, February 24th. Investors of record on Tuesday, February 18th were given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date of this dividend was Tuesday, February 18th. Ubiquiti’s dividend payout ratio (DPR) is presently 32.61%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Barclays decreased their target price on shares of Ubiquiti from $236.00 to $222.00 and set an “underweight” rating on the stock in a research report on Monday, February 10th. BWS Financial restated a “buy” rating and set a $440.00 price objective on shares of Ubiquiti in a report on Monday, February 10th.

Ubiquiti Profile

Ubiquiti Inc develops networking technology for service providers, enterprises, and consumers. The company develops technology platforms for high-capacity distributed Internet access, unified information technology, and consumer electronics for professional, home, and personal use. Its service provider product platforms offer carrier-class network infrastructure for fixed wireless broadband, wireless backhaul systems, and routing and related software; and enterprise product platforms provide wireless LAN infrastructure, video surveillance products, switching and routing solutions, security gateways, door access systems, and other WLAN products.