Old Well Partners LLC cut its holdings in shares of Ubiquiti Inc. (NYSE:UI - Free Report) by 25.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,429 shares of the company's stock after selling 1,500 shares during the period. Ubiquiti makes up 2.8% of Old Well Partners LLC's holdings, making the stock its 14th biggest holding. Old Well Partners LLC's holdings in Ubiquiti were worth $1,470,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Lazard Asset Management LLC purchased a new stake in shares of Ubiquiti in the 4th quarter worth approximately $74,000. Jacobs Levy Equity Management Inc. purchased a new position in Ubiquiti in the 4th quarter worth about $6,251,000. Gotham Asset Management LLC lifted its stake in shares of Ubiquiti by 3.8% during the 4th quarter. Gotham Asset Management LLC now owns 32,296 shares of the company's stock worth $10,720,000 after purchasing an additional 1,184 shares during the last quarter. G2 Investment Partners Management LLC purchased a new stake in Ubiquiti in the fourth quarter valued at about $1,333,000. Finally, Deutsche Bank AG raised its stake in shares of Ubiquiti by 108.2% in the fourth quarter. Deutsche Bank AG now owns 5,832 shares of the company's stock worth $1,936,000 after purchasing an additional 3,031 shares during the last quarter. Hedge funds and other institutional investors own 4.00% of the company's stock.
Ubiquiti Trading Up 4.6%
Ubiquiti stock opened at $432.75 on Tuesday. The firm's 50 day moving average price is $317.02 and its two-hundred day moving average price is $337.42. Ubiquiti Inc. has a 1 year low of $128.07 and a 1 year high of $469.98. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.98 and a current ratio of 2.22. The firm has a market cap of $26.18 billion, a price-to-earnings ratio of 58.80 and a beta of 1.32.
Ubiquiti (NYSE:UI - Get Free Report) last released its quarterly earnings data on Friday, February 14th. The company reported $2.26 earnings per share 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 business earned $1.36 EPS. On average, research analysts predict that Ubiquiti Inc. will post 7.21 EPS for the current fiscal year.
Ubiquiti Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Monday, May 19th will be given a dividend of $0.60 per share. The ex-dividend date is Monday, May 19th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.55%. Ubiquiti's dividend payout ratio (DPR) is presently 32.61%.
Analyst Ratings Changes
UI has been the topic of several recent research reports. BWS Financial reaffirmed a "buy" rating and set a $440.00 target price on shares of Ubiquiti in a research note on Monday. Barclays upped their target price on shares of Ubiquiti from $222.00 to $247.00 and gave the company an "underweight" rating in a report on Monday.
Get Our Latest Stock Analysis on Ubiquiti
Insider Buying and Selling at Ubiquiti
In other Ubiquiti news, CAO Kevin Radigan sold 1,000 shares of the company's stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $347.99, for a total value of $347,990.00. Following the transaction, the chief accounting officer now directly owns 2,484 shares in the company, valued at $864,407.16. This represents a 28.70% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 93.10% of the company's stock.
Ubiquiti Profile
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Free Report)
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.
Further Reading
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