GAMMA Investing LLC Grows Stake in Ubiquiti Inc. (NYSE:UI)

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

Other large investors also recently bought and sold shares of the company. Barclays PLC raised its holdings in Ubiquiti by 4,880.2% during the third quarter. Barclays PLC now owns 13,347 shares of the company's stock worth $2,959,000 after purchasing an additional 13,079 shares in the last quarter. Blue Trust Inc. raised its stake in Ubiquiti by 78.8% during the 4th quarter. Blue Trust Inc. now owns 143 shares of the company's stock worth $47,000 after acquiring an additional 63 shares in the last quarter. Stratos Wealth Partners LTD. purchased a new stake in Ubiquiti in the fourth quarter valued at $202,000. Choreo LLC acquired a new position in Ubiquiti in the fourth quarter valued at $308,000. Finally, Principal Securities Inc. boosted its stake in Ubiquiti by 89.3% in the fourth quarter. Principal Securities Inc. now owns 229 shares of the company's stock valued at $76,000 after acquiring an additional 108 shares in the last quarter. Hedge funds and other institutional investors own 4.00% of the company's stock.

Ubiquiti Stock Performance

Shares of UI traded down $11.74 during mid-day trading on Tuesday, hitting $403.67. 86,236 shares of the company's stock were exchanged, compared to its average volume of 82,389. The firm has a market capitalization of $24.42 billion, a P/E ratio of 54.85 and a beta of 1.35. Ubiquiti Inc. has a fifty-two week low of $139.06 and a fifty-two week high of $469.98. The business's 50 day moving average is $356.96 and its two-hundred day moving average is $352.29. The company has a current ratio of 2.22, a quick ratio of 0.98 and a debt-to-equity ratio of 1.31.

Ubiquiti Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 27th. Stockholders of record on Monday, May 19th were paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.59%. The ex-dividend date was Monday, May 19th. Ubiquiti's dividend payout ratio (DPR) is 26.43%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on UI. BWS Financial reissued a "buy" rating and issued a $440.00 target price on shares of Ubiquiti in a report on Monday, May 12th. Barclays increased their price objective on Ubiquiti from $222.00 to $247.00 and gave the company an "underweight" rating in a 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.