Algert Global LLC Sells 1,720 Shares of Ubiquiti Inc. (NYSE:UI)

Algert Global LLC trimmed its position in shares of Ubiquiti Inc. (NYSE:UI - Free Report) by 45.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,059 shares of the company's stock after selling 1,720 shares during the quarter. Algert Global LLC's holdings in Ubiquiti were worth $683,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in UI. Versor Investments LP lifted its holdings in shares of Ubiquiti by 254.5% in the 4th quarter. Versor Investments LP now owns 3,900 shares of the company's stock worth $1,295,000 after acquiring an additional 2,800 shares during the last quarter. Barclays PLC grew its stake in shares of Ubiquiti by 4,880.2% during the third quarter. Barclays PLC now owns 13,347 shares of the company's stock worth $2,959,000 after acquiring an additional 13,079 shares during the last quarter. Convergence Investment Partners LLC purchased a new stake in Ubiquiti during the 4th quarter valued at about $2,180,000. Sei Investments Co. acquired a new stake in shares of Ubiquiti in the fourth quarter worth $1,737,000. Finally, Raymond James Financial Inc. acquired a new position in Ubiquiti in the fourth quarter valued at approximately $1,246,000. 4.00% of the stock is currently owned by institutional investors.

Insider Transactions at Ubiquiti

In other news, CAO Kevin Radigan sold 1,000 shares of the firm's 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 transaction, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 93.10% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. BWS Financial reaffirmed a "buy" rating and set a $440.00 target price on shares of Ubiquiti in a research note on Monday. Barclays upped their price objective on shares of Ubiquiti from $222.00 to $247.00 and gave the company an "underweight" rating in a research note on Monday.

Ubiquiti Stock Up 5.1%

NYSE:UI traded up $22.21 during trading hours on Tuesday, hitting $456.42. The stock had a trading volume of 164,925 shares, compared to its average volume of 81,844. The company has a current ratio of 2.22, a quick ratio of 0.98 and a debt-to-equity ratio of 1.31. Ubiquiti Inc. has a 1-year low of $134.72 and a 1-year high of $469.98. The business has a 50 day simple moving average of $317.02 and a two-hundred day simple moving average of $337.42. The company has a market cap of $27.61 billion, a PE ratio of 62.01 and a beta of 1.32.

Ubiquiti (NYSE:UI - Get Free Report) last announced its earnings results on Friday, February 14th. The company reported $2.26 EPS 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 quarter in the previous year, the business earned $1.36 EPS. Analysts predict that Ubiquiti Inc. will post 7.21 EPS for the current year.

Ubiquiti Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Monday, May 19th will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date of this dividend is Monday, May 19th. Ubiquiti's payout ratio is 32.61%.

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.