1,855 Shares in Ubiquiti Inc. (NYSE:UI) Acquired by Y Intercept Hong Kong Ltd

Key Points

• Y Intercept Hong Kong Ltd has acquired a new stake in Ubiquiti Inc., purchasing 1,855 shares valued at approximately $575,000 during the first quarter.
• Ubiquiti announced a quarterly dividend of $0.60 per share, representing a 0.54% dividend yield and a payout ratio of 26.43%.
• Ubiquiti's stock recently experienced a 0.4% decline, with shares opening at $445.38 and a market cap of $26.94 billion.

Y Intercept Hong Kong Ltd acquired a new position in shares of Ubiquiti Inc. (NYSE:UI - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 1,855 shares of the company's stock, valued at approximately $575,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Golden State Wealth Management LLC acquired a new stake in shares of Ubiquiti during the 1st quarter worth $25,000. Versant Capital Management Inc boosted its stake in Ubiquiti by 484.2% in the first quarter. Versant Capital Management Inc now owns 111 shares of the company's stock valued at $34,000 after buying an additional 92 shares in the last quarter. Sterling Capital Management LLC boosted its stake in 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 buying an additional 39 shares in the last quarter. Lazard Asset Management LLC acquired a new stake in Ubiquiti in the fourth quarter valued at about $74,000. Finally, Aster Capital Management DIFC Ltd boosted its stake in Ubiquiti by 49.7% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 235 shares of the company's stock valued at $78,000 after buying an additional 78 shares in the last quarter. Institutional investors own 4.00% of the company's stock.

Ubiquiti Stock Performance

Shares of UI traded up $12.57 during mid-day trading on Monday, reaching $459.03. 89,845 shares of the company were exchanged, compared to its average volume of 105,978. Ubiquiti Inc. has a 52 week low of $156.94 and a 52 week high of $469.98. The stock has a market capitalization of $27.77 billion, a PE ratio of 50.55 and a beta of 1.34. The business has a 50 day simple moving average of $408.38 and a two-hundred day simple moving average of $368.06.

Ubiquiti Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 27th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.52%. Ubiquiti's dividend payout ratio (DPR) is 26.43%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on UI. Barclays raised their price objective on Ubiquiti from $222.00 to $247.00 and gave the company an "underweight" rating in a research note on Monday, May 12th. BWS Financial reiterated a "buy" rating and issued a $440.00 target price on shares of Ubiquiti in a research report on Friday, July 11th.

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.