Advisory Services Network LLC Invests $314,000 in Ubiquiti Inc. (NYSE:UI)

Advisory Services Network LLC acquired a new stake in Ubiquiti Inc. (NYSE:UI - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 946 shares of the company's stock, valued at approximately $314,000.

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

Ubiquiti Trading Up 4.8 %

NYSE:UI traded up $14.29 during trading hours on Wednesday, hitting $309.07. The company had a trading volume of 15,189 shares, compared to its average volume of 80,727. Ubiquiti Inc. has a 1 year low of $104.71 and a 1 year high of $469.98. The company has a current ratio of 2.22, a quick ratio of 0.98 and a debt-to-equity ratio of 1.31. The company has a 50-day moving average of $314.06 and a 200 day moving average of $327.07. The company has a market cap of $18.70 billion, a P/E ratio of 41.99 and a beta of 1.31.

Ubiquiti (NYSE:UI - Get Free Report) last released its quarterly earnings data on Friday, February 14th. The company reported $2.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.14 by $0.12. Ubiquiti had a net margin of 20.68% and a return on equity of 296.82%. During the same quarter in the previous year, the company earned $1.36 earnings per share. Sell-side analysts expect that Ubiquiti Inc. will post 7.21 earnings per share for the current year.

Ubiquiti Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 24th. Investors of record on Tuesday, February 18th were issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date was Tuesday, February 18th. Ubiquiti's dividend payout ratio is presently 32.61%.

Analyst Ratings Changes

A number of brokerages have recently commented on UI. Barclays reduced their target price on shares of Ubiquiti from $236.00 to $222.00 and set an "underweight" rating for the company in a research report on Monday, February 10th. BWS Financial reiterated a "buy" rating and issued a $440.00 price objective on shares of Ubiquiti in a report on Friday, April 4th.

Insiders Place Their Bets

In other Ubiquiti news, CAO Kevin Radigan sold 1,000 shares of Ubiquiti stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $347.99, for a total transaction 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 $864,407.16. This trade represents a 28.70 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 93.10% of the stock is owned by insiders.

About Ubiquiti

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.