Willis Investment Counsel Has $807,000 Holdings in Ubiquiti Inc. (NYSE:UI)

Willis Investment Counsel decreased its stake in shares of Ubiquiti Inc. (NYSE:UI - Free Report) by 22.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 2,602 shares of the company's stock after selling 762 shares during the quarter. Willis Investment Counsel's holdings in Ubiquiti were worth $807,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Versor Investments LP increased its holdings in shares of Ubiquiti by 254.5% during the 4th quarter. Versor Investments LP now owns 3,900 shares of the company's stock worth $1,295,000 after purchasing an additional 2,800 shares during the period. Convergence Investment Partners LLC bought a new position in shares of Ubiquiti during the 4th quarter worth about $2,180,000. Sei Investments Co. bought a new position in shares of Ubiquiti during the 4th quarter worth about $1,737,000. Raymond James Financial Inc. bought a new position in shares of Ubiquiti during the 4th quarter worth about $1,246,000. Finally, Monument Capital Management bought a new position in shares of Ubiquiti during the 4th quarter worth about $354,000. Institutional investors own 4.00% of the company's stock.

Analyst Upgrades and Downgrades

UI has been the topic of several recent research reports. BWS Financial reiterated a "buy" rating and set a $440.00 target price on shares of Ubiquiti in a research report on Monday, May 12th. Barclays lifted their target price 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 Ubiquiti stock traded down $14.73 during trading on Friday, hitting $383.02. 96,758 shares of the company's stock traded hands, compared to its average volume of 82,992. The company has a debt-to-equity ratio of 1.31, a current ratio of 2.22 and a quick ratio of 0.98. The firm's fifty day moving average price is $363.88 and its 200 day moving average price is $353.05. 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 $23.17 billion, a PE ratio of 52.04 and a beta of 1.35.

Ubiquiti Announces Dividend

The company also recently declared 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 dividend on an annualized basis and a yield of 0.63%. Ubiquiti's dividend payout ratio (DPR) is presently 26.43%.

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.