Aquatic Capital Management LLC Has $152,000 Stock Holdings in Ubiquiti Inc. (NYSE:UI)

Aquatic Capital Management LLC reduced its holdings in Ubiquiti Inc. (NYSE:UI - Free Report) by 83.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 458 shares of the company's stock after selling 2,242 shares during the quarter. Aquatic Capital Management LLC's holdings in Ubiquiti were worth $152,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Boothbay Fund Management LLC acquired a new stake in Ubiquiti in the fourth quarter valued at $211,000. Integrated Wealth Concepts LLC acquired a new stake in shares of Ubiquiti in the fourth quarter valued at about $205,000. Pinebridge Investments L.P. acquired a new position in shares of Ubiquiti in the fourth quarter worth approximately $1,318,000. Dark Forest Capital Management LP bought a new stake in Ubiquiti in the fourth quarter valued at approximately $255,000. Finally, Tower Research Capital LLC TRC increased its position in Ubiquiti by 230.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,194 shares of the company's stock valued at $728,000 after purchasing an additional 1,530 shares during the period. Institutional investors own 4.00% of the company's stock.

Insider Buying and Selling

In related news, CAO Kevin Radigan sold 1,000 shares of the firm's stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $347.99, for a total value of $347,990.00. Following the transaction, the chief accounting officer now owns 2,484 shares of the company's stock, valued at approximately $864,407.16. This trade represents a 28.70 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 93.10% of the stock is owned by company insiders.

Ubiquiti Stock Up 2.4 %

Ubiquiti stock opened at $343.01 on Monday. The company has a market capitalization of $20.75 billion, a PE ratio of 46.60 and a beta of 1.32. Ubiquiti Inc. has a 12-month low of $110.32 and a 12-month high of $469.98. The firm's fifty day moving average is $312.28 and its 200 day moving average is $332.40. The company has a quick ratio of 0.98, a current ratio of 2.22 and a debt-to-equity ratio 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 analysts' consensus estimates 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 firm posted $1.36 EPS. As a group, sell-side analysts predict that Ubiquiti Inc. will post 7.21 EPS for the current fiscal year.

Ubiquiti Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, February 24th. Stockholders of record on Tuesday, February 18th were given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date was Tuesday, February 18th. Ubiquiti's payout ratio is 32.61%.

Analysts Set New Price Targets

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

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.

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