Old Well Partners LLC Trims Stock Holdings in Ubiquiti Inc. (NYSE:UI)

Old Well Partners LLC lowered its holdings in Ubiquiti Inc. (NYSE:UI - Free Report) by 25.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. 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 investment portfolio, making the stock its 14th largest position. Old Well Partners LLC's holdings in Ubiquiti were worth $1,470,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Lazard Asset Management LLC purchased a new position in shares of Ubiquiti during the 4th quarter valued at about $74,000. Jacobs Levy Equity Management Inc. purchased a new position in shares of Ubiquiti during the 4th quarter valued at about $6,251,000. Gotham Asset Management LLC raised its holdings 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 valued at $10,720,000 after buying an additional 1,184 shares in the last quarter. G2 Investment Partners Management LLC purchased a new position in shares of Ubiquiti during the 4th quarter valued at about $1,333,000. Finally, Deutsche Bank AG raised its holdings in shares of Ubiquiti by 108.2% during the 4th quarter. Deutsche Bank AG now owns 5,832 shares of the company's stock valued at $1,936,000 after buying an additional 3,031 shares in the last quarter. Hedge funds and other institutional investors own 4.00% of the company's stock.

Analyst Upgrades and Downgrades

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

Ubiquiti Trading Up 3.5%

Ubiquiti stock traded up $14.68 during trading hours on Friday, reaching $435.45. The company had a trading volume of 87,114 shares, compared to its average volume of 81,850. 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 company has a 50-day moving average price of $326.96 and a 200 day moving average price of $341.69. The firm has a market cap of $26.34 billion, a price-to-earnings ratio of 59.16 and a beta of 1.32. Ubiquiti Inc. has a 12-month low of $139.06 and a 12-month high of $469.98.

Ubiquiti (NYSE:UI - Get Free Report) last issued its quarterly earnings data on Friday, February 14th. The company reported $2.26 earnings per share for the quarter, topping 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 period last year, the company posted $1.36 EPS. Equities analysts forecast that Ubiquiti Inc. will post 7.21 earnings per share for the current year.

Ubiquiti Dividend Announcement

The firm 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 $0.60 dividend. 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 is currently 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.