Wedmont Private Capital Makes New $205,000 Investment in Ubiquiti Inc. (NYSE:UI)

Wedmont Private Capital acquired a new stake in shares of Ubiquiti Inc. (NYSE:UI - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 666 shares of the company's stock, valued at approximately $205,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Versant Capital Management Inc increased its position in shares of Ubiquiti by 484.2% in the 1st 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 last quarter. Farther Finance Advisors LLC grew its stake in Ubiquiti by 47.0% in the fourth quarter. Farther Finance Advisors LLC now owns 122 shares of the company's stock worth $40,000 after purchasing an additional 39 shares in the last quarter. Venturi Wealth Management LLC increased its holdings in Ubiquiti by 71.1% in the fourth quarter. Venturi Wealth Management LLC now owns 130 shares of the company's stock valued at $43,000 after buying an additional 54 shares during the last quarter. Financial Perspectives Inc raised its stake in Ubiquiti by 152.2% during the fourth quarter. Financial Perspectives Inc now owns 169 shares of the company's stock valued at $56,000 after buying an additional 102 shares in the last quarter. Finally, Sterling Capital Management LLC raised its stake in Ubiquiti by 30.2% during the fourth quarter. Sterling Capital Management LLC now owns 168 shares of the company's stock valued at $56,000 after buying an additional 39 shares in the last quarter. 4.00% of the stock is currently owned by hedge funds and other institutional investors.

Ubiquiti Stock Performance

UI traded down $14.73 on Friday, hitting $383.02. 96,758 shares of the company's stock were exchanged, compared to its average volume of 82,992. The company has a current ratio of 2.22, a quick ratio of 0.98 and a debt-to-equity ratio of 1.31. The stock has a fifty day moving average of $363.88 and a two-hundred day moving average of $353.05. Ubiquiti Inc. has a twelve month low of $139.06 and a twelve month high of $469.98. The firm has a market cap of $23.17 billion, a PE ratio of 52.04 and a beta of 1.35.

Ubiquiti Dividend Announcement

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 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 dividend yield of 0.63%. Ubiquiti's dividend payout ratio (DPR) is presently 26.43%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on UI shares. BWS Financial reiterated a "buy" rating and issued a $440.00 target price on shares of Ubiquiti in a research report on Monday, May 12th. Barclays lifted 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 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.