Ubiquiti Inc. (NYSE:UI) Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC grew its position in Ubiquiti Inc. (NYSE:UI - Free Report) by 37,116.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 40,938 shares of the company's stock after purchasing an additional 40,828 shares during the quarter. GAMMA Investing LLC owned about 0.07% of Ubiquiti worth $12,697,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Versant Capital Management Inc increased its holdings in shares of Ubiquiti by 484.2% during the first quarter. Versant Capital Management Inc now owns 111 shares of the company's stock worth $34,000 after buying an additional 92 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in Ubiquiti by 46.3% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 1,753 shares of the company's stock valued at $582,000 after acquiring an additional 555 shares in the last quarter. Woodline Partners LP bought a new position in Ubiquiti in the 4th quarter valued at about $330,000. Point72 Hong Kong Ltd bought a new position in shares of Ubiquiti during the 4th quarter worth approximately $730,000. Finally, Quantinno Capital Management LP lifted its position in shares of Ubiquiti by 27.5% during the 4th quarter. Quantinno Capital Management LP now owns 4,682 shares of the company's stock worth $1,554,000 after buying an additional 1,011 shares in the last quarter. Institutional investors and hedge funds own 4.00% of the company's stock.

Ubiquiti Stock Up 1.4%

Shares of NYSE:UI traded up $5.71 during trading on Friday, reaching $408.12. 54,813 shares of the stock traded hands, compared to its average volume of 82,286. Ubiquiti Inc. has a 52-week low of $139.06 and a 52-week 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. The stock has a 50-day moving average of $352.85 and a two-hundred day moving average of $351.41. The stock has a market cap of $24.69 billion, a P/E ratio of 55.45 and a beta of 1.32.

Ubiquiti Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 27th. Stockholders of record on Monday, May 19th were issued a $0.60 dividend. The ex-dividend date of this dividend was Monday, May 19th. This represents a $2.40 annualized dividend and a dividend yield of 0.59%. Ubiquiti's dividend payout ratio is currently 26.43%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. BWS Financial reiterated a "buy" rating and issued a $440.00 price objective on shares of Ubiquiti in a research note on Monday, May 12th. Barclays upped 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.

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.