Insider Buying: Universal Security Instruments (NYSE:UUU) Director Acquires $46,011.78 in Stock

Universal Security Instruments, Inc. (NYSE:UUU) Director Milton Ault III bought 7,506 shares of the stock in a transaction that occurred on Thursday, August 20th. The shares were bought at an average price of $6.13 per share, for a total transaction of $46,011.78. Following the completion of the transaction, the director directly owned 1,065,861 shares of the company’s stock, valued at $6,533,727.93. This represents a 0.71% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink.

Universal Security Instruments Stock Performance

NYSE:UUU opened at $6.40 on Monday. The stock has a 50-day simple moving average of $4.14 and a two-hundred day simple moving average of $5.20. The firm has a market capitalization of $19.39 million, a PE ratio of -11.43 and a beta of 0.05. Universal Security Instruments, Inc. has a 52-week low of $3.02 and a 52-week high of $8.27.

Hedge Funds Weigh In On Universal Security Instruments

A number of hedge funds have recently made changes to their positions in the business. BlackRock Inc. bought a new stake in Universal Security Instruments during the 2nd quarter valued at approximately $203,241,000. Pzena Investment Management LLC bought a new position in Universal Security Instruments in the 2nd quarter worth approximately $18,963,000. DRW Securities LLC boosted its stake in Universal Security Instruments by 24.6% in the 4th quarter. DRW Securities LLC now owns 77,979 shares of the company’s stock worth $402,000 after purchasing an additional 15,404 shares during the period. Bank of America Corp DE purchased a new stake in Universal Security Instruments during the 2nd quarter valued at approximately $2,973,000. Finally, Legal & General Group Plc purchased a new stake in Universal Security Instruments during the 2nd quarter valued at approximately $2,947,000.

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.