Universal Electronics Inc. (NASDAQ:UEIC) Director Purchases $27,804.00 in Stock

Universal Electronics Inc. (NASDAQ:UEIC - Get Free Report) Director Eric Singer purchased 4,200 shares of the company's stock in a transaction dated Tuesday, June 3rd. The shares were bought at an average cost of $6.62 per share, for a total transaction of $27,804.00. Following the acquisition, the director now owns 61,297 shares in the company, valued at approximately $405,786.14. The trade was a 7.36% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Eric Singer also recently made the following trade(s):

• On Tuesday, June 3rd, Eric Singer acquired 4,200 shares of Universal Electronics stock. The stock was acquired at an average cost of $6.62 per share, for a total transaction of $27,804.00.
• On Monday, June 2nd, Eric Singer acquired 4,690 shares of Universal Electronics stock. The stock was acquired at an average cost of $6.67 per share, for a total transaction of $31,282.30.
• On Monday, June 2nd, Eric Singer bought 4,690 shares of Universal Electronics stock. The shares were purchased at an average price of $6.67 per share, for a total transaction of $31,282.30.
• On Wednesday, May 21st, Eric Singer bought 4,000 shares of Universal Electronics stock. The shares were purchased at an average price of $6.70 per share, for a total transaction of $26,800.00.
• On Monday, May 19th, Eric Singer bought 3,000 shares of Universal Electronics stock. The shares were purchased at an average price of $6.89 per share, for a total transaction of $20,670.00.
• On Friday, May 16th, Eric Singer acquired 6,000 shares of Universal Electronics stock. The shares were bought at an average price of $7.08 per share, for a total transaction of $42,480.00.
• On Tuesday, May 13th, Eric Singer bought 24,000 shares of Universal Electronics stock. The stock was acquired at an average cost of $6.73 per share, with a total value of $161,520.00.

Universal Electronics Trading Down 2.6%

Shares of UEIC stock traded down $0.18 on Thursday, reaching $6.81. The company's stock had a trading volume of 18,735 shares, compared to its average volume of 73,929. The stock's fifty day simple moving average is $5.80 and its 200-day simple moving average is $8.38. The company has a market capitalization of $89.69 million, a price-to-earnings ratio of -3.68, a price-to-earnings-growth ratio of 3.62 and a beta of 1.44. Universal Electronics Inc. has a 1 year low of $4.32 and a 1 year high of $12.64.

Analyst Ratings Changes

UEIC has been the subject of a number of recent research reports. Rosenblatt Securities reissued a "buy" rating and issued a $15.00 target price on shares of Universal Electronics in a report on Friday, February 21st. Wall Street Zen lowered shares of Universal Electronics from a "strong-buy" rating to a "buy" rating in a report on Saturday, March 1st.

Hedge Funds Weigh In On Universal Electronics

Several large investors have recently made changes to their positions in the company. Acadian Asset Management LLC raised its position in Universal Electronics by 2.9% during the first quarter. Acadian Asset Management LLC now owns 520,200 shares of the technology company's stock worth $3,179,000 after acquiring an additional 14,765 shares during the period. Dimensional Fund Advisors LP raised its position in Universal Electronics by 12.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 453,403 shares of the technology company's stock worth $4,987,000 after acquiring an additional 50,003 shares during the period. American Century Companies Inc. raised its position in Universal Electronics by 4.6% during the first quarter. American Century Companies Inc. now owns 233,916 shares of the technology company's stock worth $1,432,000 after acquiring an additional 10,289 shares during the period. First Eagle Investment Management LLC raised its position in Universal Electronics by 2.2% during the fourth quarter. First Eagle Investment Management LLC now owns 163,936 shares of the technology company's stock worth $1,803,000 after acquiring an additional 3,500 shares during the period. Finally, Ancora Advisors LLC acquired a new position in Universal Electronics during the fourth quarter worth $1,703,000. 79.35% of the stock is currently owned by institutional investors and hedge funds.

Universal Electronics Company Profile

Universal Electronics Inc designs, develops, manufactures, ships, and supports control and sensor technology solutions in the United States, the People's Republic of China, rest of Asia, Europe, Latin America, and internationally. The company offers voice-enabled automatically-programmed universal two-way radio frequency, as well as infrared remote controls to video service providers, original equipment manufacturers (OEMs), retailers, and private label customers; wall-mount and handheld thermostat controllers and connected accessories for smart energy management systems to OEM customers, hotels, hospitality, and system integrators; proprietary and standards-based RF sensors for residential security, safety, and home automation applications; and integrated circuits on which its software and universal device control database is embedded to OEMs, video service providers, and private label customers.