Retireful LLC Takes Position in Ubiquiti Inc. (NYSE:UI)

Retireful LLC purchased a new stake in shares of Ubiquiti Inc. (NYSE:UI - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 3,594 shares of the company's stock, valued at approximately $1,115,000.

Other large investors have also added to or reduced their stakes in the company. Renaissance Technologies LLC grew its stake in shares of Ubiquiti by 1.2% in the fourth quarter. Renaissance Technologies LLC now owns 199,964 shares of the company's stock worth $66,374,000 after purchasing an additional 2,400 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Ubiquiti by 926.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 113,305 shares of the company's stock valued at $37,609,000 after purchasing an additional 102,268 shares during the last quarter. AQR Capital Management LLC lifted its holdings in shares of Ubiquiti by 100.1% during the fourth quarter. AQR Capital Management LLC now owns 99,199 shares of the company's stock valued at $32,927,000 after purchasing an additional 49,616 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Ubiquiti by 2.5% during the fourth quarter. Vanguard Group Inc. now owns 94,505 shares of the company's stock valued at $31,369,000 after purchasing an additional 2,294 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Ubiquiti by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 63,840 shares of the company's stock valued at $21,197,000 after purchasing an additional 765 shares during the last quarter. Hedge funds and other institutional investors own 4.00% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on UI shares. BWS Financial reiterated a "buy" rating and set a $440.00 target price on shares of Ubiquiti in a report on Monday, May 12th. Barclays boosted their price objective on shares of Ubiquiti from $222.00 to $247.00 and gave the stock an "underweight" rating in a report on Monday, May 12th.

Ubiquiti Stock Up 1.4%

NYSE UI traded up $5.71 during mid-day trading on Friday, reaching $408.12. The stock had a trading volume of 54,813 shares, compared to its average volume of 82,371. Ubiquiti Inc. has a 1 year low of $139.06 and a 1 year high of $469.98. The stock has a market cap of $24.69 billion, a PE ratio of 55.45 and a beta of 1.35. The company has a fifty day moving average price of $352.85 and a 200 day moving average price of $351.53. The company has a debt-to-equity ratio of 1.31, a current ratio of 2.22 and a quick ratio of 0.98.

Ubiquiti Dividend Announcement

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

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.