Tower Research Capital LLC TRC Boosts Stock Holdings in Ubiquiti Inc. (NYSE:UI)

Tower Research Capital LLC TRC raised its position in Ubiquiti Inc. (NYSE:UI - Free Report) by 230.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,194 shares of the company's stock after acquiring an additional 1,530 shares during the quarter. Tower Research Capital LLC TRC's holdings in Ubiquiti were worth $728,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Caprock Group LLC increased its position in shares of Ubiquiti by 2.3% during the fourth quarter. Caprock Group LLC now owns 1,085 shares of the company's stock valued at $360,000 after acquiring an additional 24 shares in the last quarter. National Bank of Canada FI increased its holdings in shares of Ubiquiti by 10.4% in the 4th quarter. National Bank of Canada FI now owns 350 shares of the company's stock worth $116,000 after purchasing an additional 33 shares in the last quarter. Farther Finance Advisors LLC raised its stake in shares of Ubiquiti by 47.0% in the fourth quarter. Farther Finance Advisors LLC now owns 122 shares of the company's stock worth $40,000 after purchasing an additional 39 shares during the last quarter. Sterling Capital Management LLC lifted its holdings in shares of Ubiquiti by 30.2% during the fourth quarter. Sterling Capital Management LLC now owns 168 shares of the company's stock valued at $56,000 after purchasing an additional 39 shares in the last quarter. Finally, Hanseatic Management Services Inc. increased its holdings in Ubiquiti by 12.0% in the 4th quarter. Hanseatic Management Services Inc. now owns 384 shares of the company's stock worth $127,000 after buying an additional 41 shares in the last quarter. 4.00% of the stock is owned by institutional investors.

Ubiquiti Price Performance

Shares of Ubiquiti stock traded up $7.54 during trading on Friday, reaching $342.37. 12,576 shares of the stock traded hands, compared to its average volume of 97,414. Ubiquiti Inc. has a 52-week low of $110.32 and a 52-week high of $469.98. 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 business has a fifty day simple moving average of $311.89 and a two-hundred day simple moving average of $330.55. The company has a market capitalization of $20.71 billion, a price-to-earnings ratio of 46.52 and a beta of 1.31.

Ubiquiti (NYSE:UI - Get Free Report) last announced its earnings results on Friday, February 14th. The company reported $2.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.14 by $0.12. Ubiquiti had a net margin of 20.68% and a return on equity of 296.82%. During the same quarter in the previous year, the business posted $1.36 EPS. Sell-side analysts expect that Ubiquiti Inc. will post 7.21 EPS for the current year.

Ubiquiti Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, February 24th. Stockholders of record on Tuesday, February 18th were paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 0.70%. The ex-dividend date of this dividend was Tuesday, February 18th. Ubiquiti's dividend payout ratio is presently 32.61%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on UI. BWS Financial reiterated a "buy" rating and set a $440.00 target price on shares of Ubiquiti in a research note on Friday, April 4th. Barclays reduced their price objective on Ubiquiti from $236.00 to $222.00 and set an "underweight" rating for the company in a research report on Monday, February 10th.

Insider Activity at Ubiquiti

In other news, CAO Kevin Radigan sold 1,000 shares of the company's stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $347.99, for a total value of $347,990.00. Following the completion of the sale, the chief accounting officer now owns 2,484 shares of the company's stock, valued at approximately $864,407.16. This represents a 28.70 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 93.10% of the stock is owned by company insiders.

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.