Capital Impact Advisors LLC Takes $7.04 Million Position in Ubiquiti Inc. $UI

Key Points

• Capital Impact Advisors LLC has acquired a new stake in Ubiquiti Inc., purchasing 22,691 shares worth approximately $7,037,000, making the stock its 20th largest holding.
• Ubiquiti recently reported earnings of $3.54 per share, significantly surpassing analysts' expectations, along with impressive quarterly revenue of $759.15 million.
• The company has increased its quarterly dividend from $0.60 to $0.80, reflecting a strong financial position and a dividend yield of 0.5%.

Capital Impact Advisors LLC acquired a new position in Ubiquiti Inc. (NYSE:UI - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 22,691 shares of the company's stock, valued at approximately $7,037,000. Ubiquiti makes up 2.7% of Capital Impact Advisors LLC's investment portfolio, making the stock its 20th largest position.

Several other hedge funds and other institutional investors have also recently modified their holdings of UI. AQR Capital Management LLC increased its stake in shares of Ubiquiti by 133.9% in the 1st quarter. AQR Capital Management LLC now owns 232,015 shares of the company's stock worth $70,521,000 after purchasing an additional 132,816 shares in the last quarter. TD Asset Management Inc bought a new position in Ubiquiti in the 1st quarter worth $34,013,000. Epoch Investment Partners Inc. bought a new position in Ubiquiti in the 1st quarter worth $18,897,000. Pacer Advisors Inc. boosted its holdings in Ubiquiti by 76.2% in the 1st quarter. Pacer Advisors Inc. now owns 108,934 shares of the company's stock worth $33,785,000 after buying an additional 47,109 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in Ubiquiti by 37,116.4% in the 1st quarter. GAMMA Investing LLC now owns 40,938 shares of the company's stock worth $12,697,000 after buying an additional 40,828 shares during the period. 4.00% of the stock is currently owned by hedge funds and other institutional investors.

Ubiquiti Price Performance

Shares of NYSE:UI traded up $13.63 during trading on Monday, reaching $618.41. 58,490 shares of the company were exchanged, compared to its average volume of 118,072. The firm has a market capitalization of $37.41 billion, a PE ratio of 52.49 and a beta of 1.42. The business's fifty day simple moving average is $472.18 and its 200-day simple moving average is $395.06. Ubiquiti Inc. has a 12-month low of $201.26 and a 12-month high of $621.09.

Ubiquiti (NYSE:UI - Get Free Report) last issued its earnings results on Friday, August 22nd. The company reported $3.54 EPS for the quarter, topping analysts' consensus estimates of $2.23 by $1.31. Ubiquiti had a net margin of 27.66% and a return on equity of 166.22%. The business had revenue of $759.15 million for the quarter, compared to analyst estimates of $618.80 million. During the same period last year, the company posted $1.74 earnings per share. On average, sell-side analysts anticipate that Ubiquiti Inc. will post 7.21 EPS for the current fiscal year.

Ubiquiti Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 8th. Stockholders of record on Tuesday, September 2nd were paid a dividend of $0.80 per share. This is a boost from Ubiquiti's previous quarterly dividend of $0.60. This represents a $3.20 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Tuesday, September 2nd. Ubiquiti's payout ratio is 27.19%.

Analyst Upgrades and Downgrades

UI has been the subject of several recent analyst reports. BWS Financial upped their target price on shares of Ubiquiti from $440.00 to $600.00 and gave the stock a "buy" rating in a report on Monday, August 25th. UBS Group set a $600.00 target price on shares of Ubiquiti in a report on Monday, August 25th. Finally, Barclays upped their target price on shares of Ubiquiti from $247.00 to $299.00 and gave the stock an "underweight" rating in a report on Friday, August 22nd. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $499.67.

Ubiquiti Company 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.