Captrust Financial Advisors Purchases New Holdings in Ubiquiti Inc. (NYSE:UI)

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

Several other large investors also recently added to or reduced their stakes in UI. Farther Finance Advisors LLC boosted its holdings in shares of Ubiquiti by 47.0% during the fourth quarter. Farther Finance Advisors LLC now owns 122 shares of the company's stock worth $40,000 after purchasing an additional 39 shares during the period. Venturi Wealth Management LLC lifted its stake in 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 acquiring an additional 54 shares during the last quarter. Blue Trust Inc. lifted its stake in Ubiquiti by 78.8% in the fourth quarter. Blue Trust Inc. now owns 143 shares of the company's stock valued at $47,000 after acquiring an additional 63 shares during the last quarter. Financial Perspectives Inc lifted its stake in Ubiquiti by 152.2% in the fourth quarter. Financial Perspectives Inc now owns 169 shares of the company's stock valued at $56,000 after acquiring an additional 102 shares during the last quarter. Finally, Sterling Capital Management LLC raised its position in shares of Ubiquiti by 30.2% in the fourth quarter. Sterling Capital Management LLC now owns 168 shares of the company's stock valued at $56,000 after purchasing an additional 39 shares during the period. 4.00% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on UI shares. BWS Financial reissued a "buy" rating and issued a $440.00 price target on shares of Ubiquiti in a research report on Monday, May 12th. Barclays lifted their price target on shares of Ubiquiti from $222.00 to $247.00 and gave the company an "underweight" rating in a research report on Monday, May 12th.

Ubiquiti Trading Down 2.4%

NYSE:UI opened at $393.57 on Thursday. Ubiquiti Inc. has a 12 month low of $139.06 and a 12 month high of $469.98. The firm has a market cap of $23.81 billion, a price-to-earnings ratio of 53.47 and a beta of 1.32. The company has a quick ratio of 0.98, a current ratio of 2.22 and a debt-to-equity ratio of 1.31. The company's 50 day moving average is $332.89 and its 200-day moving average is $344.09.

Ubiquiti Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 27th. Investors of record on Monday, May 19th will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 0.61%. The ex-dividend date is Monday, May 19th. Ubiquiti's dividend payout ratio (DPR) is currently 26.43%.

Ubiquiti 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.

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