Jane Street Group LLC Increases Stake in Ubiquiti Inc. (NYSE:UI)

Jane Street Group LLC increased its position in shares of Ubiquiti Inc. (NYSE:UI - Free Report) by 826.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,198 shares of the company's stock after acquiring an additional 10,881 shares during the period. Jane Street Group LLC's holdings in Ubiquiti were worth $4,049,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the company. Versor Investments LP boosted its position in 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 buying an additional 2,800 shares during the period. Barclays PLC raised its position in Ubiquiti by 4,880.2% during the 3rd quarter. Barclays PLC now owns 13,347 shares of the company's stock worth $2,959,000 after purchasing an additional 13,079 shares during the last quarter. Convergence Investment Partners LLC acquired a new position in Ubiquiti during the 4th quarter worth about $2,180,000. Sei Investments Co. acquired a new stake in shares of Ubiquiti in the fourth quarter valued at about $1,737,000. Finally, Raymond James Financial Inc. acquired a new position in shares of Ubiquiti in the fourth quarter worth approximately $1,246,000. 4.00% of the stock is owned by institutional investors.

Ubiquiti Stock Up 5.1%

UI stock traded up $22.21 during midday trading on Tuesday, reaching $456.42. 164,925 shares of the company's stock traded hands, compared to its average volume of 81,844. Ubiquiti Inc. has a 52 week low of $134.72 and a 52 week high of $469.98. The company has a market cap of $27.61 billion, a price-to-earnings ratio of 62.01 and a beta of 1.32. The firm's fifty day moving average price is $317.02 and its 200-day moving average price is $337.42. 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 (NYSE:UI - Get Free Report) last released its quarterly earnings results on Friday, February 14th. The company reported $2.26 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.14 by $0.12. Ubiquiti had a return on equity of 296.82% and a net margin of 20.68%. During the same quarter in the prior year, the company posted $1.36 earnings per share. As a group, sell-side analysts forecast that Ubiquiti Inc. will post 7.21 earnings per share for the current fiscal year.

Ubiquiti Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Monday, May 19th will be given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date of this dividend is Monday, May 19th. Ubiquiti's payout ratio is 32.61%.

Analysts Set New Price Targets

Several research firms have recently weighed in on UI. Barclays increased their price objective on shares of Ubiquiti from $222.00 to $247.00 and gave the stock an "underweight" rating in a research report on Monday. BWS Financial restated a "buy" rating and set a $440.00 target price on shares of Ubiquiti in a research report on Monday.

Insider Buying and Selling at Ubiquiti

In related news, CAO Kevin Radigan sold 1,000 shares of the firm's stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $347.99, for a total transaction of $347,990.00. Following the completion of the sale, the chief accounting officer now owns 2,484 shares in the company, valued at approximately $864,407.16. This trade represents a 28.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 93.10% of the company's stock.

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.