Bradford Whitmore Purchases 67,302 Shares of Ultralife (NASDAQ:ULBI) Stock

Ultralife Corporation (NASDAQ:ULBI) Director Bradford Whitmore acquired 67,302 shares of Ultralife stock in a transaction that occurred on Tuesday, May 26th. The stock was acquired at an average cost of $6.81 per share, with a total value of $458,326.62. Following the completion of the purchase, the director owned 2,050,637 shares in the company, valued at approximately $13,964,837.97. This represents a 3.39% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Ultralife Stock Up 13.0%

Shares of Ultralife stock opened at $7.75 on Thursday. The stock has a 50-day moving average price of $6.77 and a 200 day moving average price of $6.24. The company has a market cap of $129.12 million, a P/E ratio of -15.50 and a beta of 0.74. The company has a current ratio of 2.56, a quick ratio of 1.23 and a debt-to-equity ratio of 0.34. Ultralife Corporation has a 1 year low of $4.90 and a 1 year high of $9.52.

Ultralife (NASDAQ:ULBI) last announced its quarterly earnings data on Friday, May 8th. The technology company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.18). The business had revenue of $47.45 million during the quarter, compared to analysts’ expectations of $52.40 million. Ultralife had a positive return on equity of 1.15% and a negative net margin of 4.37%.

Institutional Investors Weigh In On Ultralife

Hedge funds have recently bought and sold shares of the business. Empowered Funds LLC purchased a new stake in Ultralife in the 4th quarter worth about $44,000. Lazard Asset Management LLC increased its position in Ultralife by 1,650.0% in the 2nd quarter. Lazard Asset Management LLC now owns 5,565 shares of the technology company’s stock worth $49,000 after purchasing an additional 5,247 shares during the last quarter. Prelude Capital Management LLC acquired a new position in Ultralife in the 3rd quarter worth about $71,000. Jane Street Group LLC acquired a new position in Ultralife in the 4th quarter worth about $75,000. Finally, Jones Financial Companies Lllp increased its position in Ultralife by 1,428.7% in the 1st quarter. Jones Financial Companies Lllp now owns 15,287 shares of the technology company’s stock worth $82,000 after purchasing an additional 14,287 shares during the last quarter. 30.68% of the stock is owned by hedge funds and other institutional investors.

About Ultralife

Ultralife Corporation (NASDAQ: ULBI) develops, manufactures and sells a broad range of energy and communications products for defense, medical, automotive and consumer electronics markets. The company operates through two primary segments: Power Systems and Communications Systems. In its Power Systems segment, Ultralife produces lithium-ion rechargeable cells and battery packs, primary lithium batteries, alkaline and rechargeable battery packs, chargers and battery accessories designed to meet demanding performance and safety requirements.