Captrust Financial Advisors Invests $284,000 in Ubiquiti Inc. (NYSE:UI)

Captrust Financial Advisors purchased a new position in shares of Ubiquiti Inc. (NYSE:UI - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 856 shares of the company's stock, valued at approximately $284,000.

Several other hedge funds also recently modified their holdings of UI. Caprock Group LLC grew its holdings in Ubiquiti by 2.3% during the fourth quarter. Caprock Group LLC now owns 1,085 shares of the company's stock valued at $360,000 after purchasing an additional 24 shares during the last quarter. National Bank of Canada FI boosted its holdings 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 boosted its holdings in shares of Ubiquiti by 47.0% during the 4th quarter. Farther Finance Advisors LLC now owns 122 shares of the company's stock worth $40,000 after buying an additional 39 shares during the period. Sterling Capital Management LLC grew its stake in Ubiquiti by 30.2% in the 4th quarter. Sterling Capital Management LLC now owns 168 shares of the company's stock valued at $56,000 after buying an additional 39 shares during the last quarter. Finally, Venturi Wealth Management LLC raised its holdings in Ubiquiti by 71.1% in the 4th quarter. Venturi Wealth Management LLC now owns 130 shares of the company's stock worth $43,000 after acquiring an additional 54 shares during the period. Institutional investors and hedge funds own 4.00% of the company's stock.

Ubiquiti Price Performance

Shares of NYSE:UI traded up $13.24 during midday trading on Tuesday, reaching $406.46. 93,539 shares of the company's stock were exchanged, compared to its average volume of 82,206. The firm has a market capitalization of $24.59 billion, a PE ratio of 55.23 and a beta of 1.32. The company's 50 day simple moving average is $339.14 and its two-hundred day simple moving average is $348.09. Ubiquiti Inc. has a 12 month low of $139.06 and a 12 month high of $469.98. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.98 and a current ratio of 2.22.

Ubiquiti Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Monday, May 19th will be issued a dividend of $0.60 per share. The ex-dividend date of this dividend is Monday, May 19th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.59%. Ubiquiti's payout ratio is presently 26.43%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on UI. BWS Financial restated a "buy" rating and set a $440.00 price target on shares of Ubiquiti in a report on Monday, May 12th. Barclays raised their price target on shares of Ubiquiti from $222.00 to $247.00 and gave the stock an "underweight" rating in a research report on Monday, May 12th.

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.