Whipplewood Advisors LLC Raises Position in Ubiquiti Inc. (NYSE:UI)

Whipplewood Advisors LLC grew its holdings in Ubiquiti Inc. (NYSE:UI - Free Report) by 66,500.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 666 shares of the company's stock after buying an additional 665 shares during the period. Whipplewood Advisors LLC's holdings in Ubiquiti were worth $207,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in UI. Caprock Group LLC boosted its stake in Ubiquiti by 2.3% in the 4th quarter. Caprock Group LLC now owns 1,085 shares of the company's stock valued at $360,000 after purchasing an additional 24 shares during the period. National Bank of Canada FI lifted its holdings in shares of Ubiquiti by 10.4% during the fourth quarter. National Bank of Canada FI now owns 350 shares of the company's stock worth $116,000 after buying an additional 33 shares in the last quarter. Farther Finance Advisors LLC boosted its position in shares of Ubiquiti by 47.0% in the fourth quarter. Farther Finance Advisors LLC now owns 122 shares of the company's stock valued at $40,000 after acquiring an additional 39 shares during the period. Sterling Capital Management LLC grew its stake in shares of Ubiquiti by 30.2% in the fourth quarter. Sterling Capital Management LLC now owns 168 shares of the company's stock valued at $56,000 after acquiring an additional 39 shares in the last quarter. Finally, Parallel Advisors LLC grew its stake in shares of Ubiquiti by 6.0% in the first quarter. Parallel Advisors LLC now owns 727 shares of the company's stock valued at $225,000 after acquiring an additional 41 shares in the last quarter. 4.00% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Ubiquiti Price Performance

Shares of NYSE:UI traded up $5.71 during midday trading on Friday, hitting $408.12. The stock had a trading volume of 54,813 shares, compared to its average volume of 82,371. The company's 50-day moving average price is $352.85 and its 200-day moving average price is $351.41. Ubiquiti Inc. has a fifty-two week low of $139.06 and a fifty-two week high of $469.98. The company has a quick ratio of 0.98, a current ratio of 2.22 and a debt-to-equity ratio of 1.31. The company has a market capitalization of $24.69 billion, a P/E ratio of 55.45 and a beta of 1.32.

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 given a dividend of $0.60 per share. The ex-dividend date was Monday, May 19th. This represents a $2.40 annualized dividend and a yield of 0.59%. Ubiquiti's 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.