Chevy Chase Trust Holdings Inc. bought a new position in shares of Ubiquiti Inc. (NYSE:UI) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 3,250 shares of the company’s stock, valued at approximately $384,000.
A number of other institutional investors and hedge funds also recently modified their holdings of the business. Flagship Harbor Advisors LLC acquired a new position in Ubiquiti in the third quarter valued at about $54,000. Tower Research Capital LLC TRC acquired a new stake in shares of Ubiquiti during the third quarter worth $85,000. Public Employees Retirement Association of Colorado bought a new stake in Ubiquiti in the 3rd quarter valued at $110,000. Valeo Financial Advisors LLC bought a new stake in Ubiquiti in the 3rd quarter valued at $119,000. Finally, Commonwealth Equity Services LLC acquired a new position in Ubiquiti in the 3rd quarter worth $234,000. Hedge funds and other institutional investors own 12.82% of the company’s stock.
In other Ubiquiti news, Director Ronald Sege sold 6,342 shares of the business’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $186.24, for a total transaction of $1,181,134.08. Following the sale, the director now directly owns 6,342 shares of the company’s stock, valued at approximately $1,181,134.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 86.67% of the company’s stock.
NYSE:UI opened at $196.22 on Wednesday. The firm has a market cap of $12.79 billion, a P/E ratio of 41.40, a P/E/G ratio of 3.63 and a beta of 1.48. Ubiquiti Inc. has a twelve month low of $92.08 and a twelve month high of $199.91. The business’s 50 day moving average price is $158.63. The company has a current ratio of 2.64, a quick ratio of 1.57 and a debt-to-equity ratio of 4.68.
Ubiquiti (NYSE:UI) last posted its quarterly earnings data on Friday, November 8th. The company reported $1.44 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.28 by $0.16. The company had revenue of $323.30 million for the quarter, compared to the consensus estimate of $307.95 million. Ubiquiti had a net margin of 27.88% and a return on equity of 841.80%. The firm’s revenue was up 14.3% compared to the same quarter last year. During the same period last year, the company earned $1.17 earnings per share. As a group, research analysts forecast that Ubiquiti Inc. will post 5.78 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Monday, November 18th were paid a $0.30 dividend. The ex-dividend date was Friday, November 15th. This represents a $1.20 annualized dividend and a yield of 0.61%. Ubiquiti’s payout ratio is currently 25.32%.
Ubiquiti Company Profile
Ubiquiti Inc develops networking technology for service providers, enterprises, and consumers worldwide. It 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 enterprise product platforms provide wireless LAN infrastructure, video surveillance products, switching and routing solutions, security gateways, and other WLAN products, as well as offers consumer products under the Ubiquiti Labs brand name.
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