Ubiquiti Inc. (NYSE:UI) Holdings Decreased by Tidal Investments LLC

Tidal Investments LLC reduced its position in Ubiquiti Inc. (NYSE:UI - Free Report) by 61.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,156 shares of the company's stock after selling 11,349 shares during the period. Tidal Investments LLC's holdings in Ubiquiti were worth $2,375,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Caprock Group LLC lifted its position in Ubiquiti by 2.3% during the 4th quarter. Caprock Group LLC now owns 1,085 shares of the company's stock worth $360,000 after acquiring an additional 24 shares in the last quarter. National Bank of Canada FI lifted its position in Ubiquiti by 10.4% during the 4th quarter. National Bank of Canada FI now owns 350 shares of the company's stock worth $116,000 after acquiring an additional 33 shares in the last quarter. Farther Finance Advisors LLC lifted its position in 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 acquiring an additional 39 shares in the last quarter. Sterling Capital Management LLC lifted its position in 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 acquiring an additional 39 shares in the last quarter. Finally, Venturi Wealth Management LLC lifted its position in Ubiquiti by 71.1% during the 4th quarter. Venturi Wealth Management LLC now owns 130 shares of the company's stock worth $43,000 after acquiring an additional 54 shares in the last quarter. 4.00% of the stock is owned by institutional investors and hedge funds.

Ubiquiti Stock Down 0.6%

Shares of UI traded down $2.53 during trading on Wednesday, reaching $403.07. The company's stock had a trading volume of 17,833 shares, compared to its average volume of 81,958. The company has a fifty day moving average of $339.14 and a two-hundred day moving average of $348.09. Ubiquiti Inc. has a twelve month low of $139.06 and a twelve month high of $469.98. The company has a market cap of $24.38 billion, a price-to-earnings ratio of 54.73 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.

Ubiquiti Dividend Announcement

The company 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 was Monday, May 19th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.60%. Ubiquiti's dividend payout ratio (DPR) is 26.43%.

Analyst Upgrades and Downgrades

UI has been the topic of a number of recent analyst reports. Barclays upped their target price on Ubiquiti from $222.00 to $247.00 and gave the company an "underweight" rating in a research report on Monday, May 12th. BWS Financial reaffirmed a "buy" rating and issued a $440.00 target price on shares of Ubiquiti in a research report on Monday, May 12th.

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.