ExodusPoint Capital Management LP Invests $724,000 in Ubiquiti Inc. (NYSE:UI)

ExodusPoint Capital Management LP acquired a new stake in Ubiquiti Inc. (NYSE:UI - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 2,181 shares of the company's stock, valued at approximately $724,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in UI. Caprock Group LLC boosted its stake in shares of Ubiquiti by 2.3% during the 4th quarter. Caprock Group LLC now owns 1,085 shares of the company's stock worth $360,000 after acquiring an additional 24 shares in the last quarter. National Bank of Canada FI raised its stake in shares of Ubiquiti by 10.4% during the 4th quarter. National Bank of Canada FI now owns 350 shares of the company's stock worth $116,000 after buying an additional 33 shares during the period. Farther Finance Advisors LLC lifted its position in shares of Ubiquiti by 47.0% during 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. Hanseatic Management Services Inc. grew its stake in Ubiquiti by 12.0% in the 4th quarter. Hanseatic Management Services Inc. now owns 384 shares of the company's stock valued at $127,000 after acquiring an additional 41 shares during the period. Finally, Venturi Wealth Management LLC grew its position in shares of Ubiquiti by 71.1% in the fourth quarter. Venturi Wealth Management LLC now owns 130 shares of the company's stock valued at $43,000 after purchasing an additional 54 shares during the period. Institutional investors and hedge funds own 4.00% of the company's stock.

Insider Transactions at Ubiquiti

In other news, CAO Kevin Radigan sold 1,000 shares of the firm's stock in a transaction that occurred on 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 owns 2,484 shares in the company, valued at $864,407.16. This trade represents a 28.70 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 93.10% of the company's stock.

Analyst Ratings Changes

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

Ubiquiti Price Performance

UI traded down $12.69 on Thursday, reaching $293.85. 31,064 shares of the company's stock were exchanged, compared to its average volume of 80,723. The stock has a market cap of $17.78 billion, a PE ratio of 40.15 and a beta of 1.31. The company has a debt-to-equity ratio of 1.31, a current ratio of 2.22 and a quick ratio of 0.98. Ubiquiti Inc. has a twelve month low of $104.24 and a twelve month high of $469.98. The stock's fifty day moving average price is $318.63 and its 200-day moving average price is $324.48.

Ubiquiti (NYSE:UI - Get Free Report) last posted its quarterly earnings results on Friday, February 14th. The company reported $2.26 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 period last year, the firm earned $1.36 earnings per share. Sell-side analysts expect that Ubiquiti Inc. will post 7.21 EPS for the current year.

Ubiquiti Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, February 24th. Shareholders of record on Tuesday, February 18th were paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date of this dividend was Tuesday, February 18th. Ubiquiti's dividend payout ratio (DPR) is presently 32.61%.

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.