Hussman Strategic Advisors Inc. Acquires Shares of 12,600 Ubiquiti Inc. (NYSE:UI)

Hussman Strategic Advisors Inc. bought a new position in shares of Ubiquiti Inc. (NYSE:UI - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 12,600 shares of the company's stock, valued at approximately $3,908,000. Ubiquiti accounts for about 0.9% of Hussman Strategic Advisors Inc.'s portfolio, making the stock its 11th biggest holding.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Golden State Wealth Management LLC bought a new position in Ubiquiti in the first quarter worth $25,000. Versant Capital Management Inc lifted its position in Ubiquiti by 484.2% in the first quarter. Versant Capital Management Inc now owns 111 shares of the company's stock worth $34,000 after purchasing an additional 92 shares during the period. Farther Finance Advisors LLC lifted its position 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 lifted its position in shares of Ubiquiti by 30.2% during the 4th quarter. Sterling Capital Management LLC now owns 168 shares of the company's stock worth $56,000 after buying an additional 39 shares during the period. Finally, Lazard Asset Management LLC bought a new stake in Ubiquiti in the fourth quarter valued at $74,000. Institutional investors own 4.00% of the company's stock.

Analyst Ratings Changes

A number of analysts have weighed in on the company. BWS Financial reiterated a "buy" rating and issued a $440.00 price target on shares of Ubiquiti in a research report on Friday, July 11th. Barclays upped their price target on Ubiquiti from $222.00 to $247.00 and gave the company an "underweight" rating in a research report on Monday, May 12th.

Ubiquiti Stock Down 1.6%

UI traded down $7.35 during trading on Monday, hitting $453.05. The company's stock had a trading volume of 23,368 shares, compared to its average volume of 88,457. The firm's 50 day moving average price is $406.48 and its two-hundred day moving average price is $364.12. Ubiquiti Inc. has a 12 month low of $156.94 and a 12 month high of $469.98. The stock has a market capitalization of $27.40 billion, a price-to-earnings ratio of 49.87 and a beta of 1.34.

Ubiquiti Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 27th. Shareholders of record on Monday, May 19th were given a $0.60 dividend. The ex-dividend date of this dividend was Monday, May 19th. This represents a $2.40 annualized dividend and a yield of 0.53%. Ubiquiti's payout ratio is 26.43%.

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.