Universal Electronics Inc. (NASDAQ:UEIC) Director Eric Singer Acquires 4,200 Shares

Universal Electronics Inc. (NASDAQ:UEIC - Get Free Report) Director Eric Singer purchased 4,200 shares of the stock in a transaction dated Tuesday, June 3rd. The shares were acquired at an average price of $6.62 per share, with a total value of $27,804.00. Following the transaction, the director now owns 61,297 shares in the company, valued at $405,786.14. This trade represents a 7.36% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

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

Universal Electronics Price Performance

NASDAQ UEIC traded down $0.05 during mid-day trading on Friday, hitting $6.76. The company's stock had a trading volume of 35,437 shares, compared to its average volume of 73,111. Universal Electronics Inc. has a 52-week low of $4.32 and a 52-week high of $12.64. The stock's fifty day simple moving average is $5.83 and its two-hundred day simple moving average is $8.30. The firm has a market capitalization of $89.03 million, a P/E ratio of -3.65, a price-to-earnings-growth ratio of 3.62 and a beta of 1.54.

Hedge Funds Weigh In On Universal Electronics

Several hedge funds have recently added to or reduced their stakes in UEIC. Acadian Asset Management LLC raised its position in Universal Electronics by 2.9% in the 1st quarter. Acadian Asset Management LLC now owns 520,200 shares of the technology company's stock valued at $3,179,000 after buying an additional 14,765 shares during the last quarter. Empowered Funds LLC boosted its position in Universal Electronics by 8.4% during the 1st quarter. Empowered Funds LLC now owns 48,816 shares of the technology company's stock worth $299,000 after buying an additional 3,802 shares during the period. Goldman Sachs Group Inc. boosted its position in Universal Electronics by 15.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 36,341 shares of the technology company's stock worth $222,000 after buying an additional 4,893 shares during the period. Jacobs Levy Equity Management Inc. increased its stake in shares of Universal Electronics by 63.1% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 93,973 shares of the technology company's stock valued at $575,000 after acquiring an additional 36,347 shares in the last quarter. Finally, Cubist Systematic Strategies LLC increased its stake in shares of Universal Electronics by 62.7% in the 1st quarter. Cubist Systematic Strategies LLC now owns 32,502 shares of the technology company's stock valued at $199,000 after acquiring an additional 12,526 shares in the last quarter. Institutional investors own 79.35% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on UEIC shares. Rosenblatt Securities reaffirmed a "buy" rating and issued a $15.00 price objective on shares of Universal Electronics in a research note 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.

About Universal Electronics

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.