Ubiquiti Inc. (NYSE:UI) Shares Sold by Lagoda Investment Management L.P.

Lagoda Investment Management L.P. cut its position in Ubiquiti Inc. (NYSE:UI - Free Report) by 17.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 21,365 shares of the company's stock after selling 4,552 shares during the period. Ubiquiti makes up 3.8% of Lagoda Investment Management L.P.'s holdings, making the stock its 9th largest position. Lagoda Investment Management L.P.'s holdings in Ubiquiti were worth $7,092,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Versor Investments LP boosted its position in Ubiquiti by 254.5% during the fourth quarter. Versor Investments LP now owns 3,900 shares of the company's stock worth $1,295,000 after purchasing an additional 2,800 shares in the last quarter. Barclays PLC boosted its position in Ubiquiti by 4,880.2% during the third quarter. Barclays PLC now owns 13,347 shares of the company's stock worth $2,959,000 after purchasing an additional 13,079 shares in the last quarter. Convergence Investment Partners LLC purchased a new position in Ubiquiti during the fourth quarter worth approximately $2,180,000. Sei Investments Co. purchased a new position in Ubiquiti during the fourth quarter worth approximately $1,737,000. Finally, Raymond James Financial Inc. purchased a new position in Ubiquiti during the fourth quarter worth approximately $1,246,000. 4.00% of the stock is owned by institutional investors and hedge funds.

Ubiquiti Price Performance

Shares of NYSE:UI traded down $32.51 during midday trading on Wednesday, hitting $424.18. The company had a trading volume of 189,246 shares, compared to its average volume of 81,912. Ubiquiti Inc. has a twelve month low of $134.72 and a twelve month 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 stock has a market cap of $25.66 billion, a price-to-earnings ratio of 57.63 and a beta of 1.32. The business's 50-day simple moving average is $321.95 and its 200-day simple moving average is $338.84.

Ubiquiti (NYSE:UI - Get Free Report) last posted its quarterly earnings results on Friday, February 14th. The company reported $2.26 EPS for the quarter, beating the consensus estimate 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 in the previous year, the firm earned $1.36 earnings per share. On average, research analysts predict that Ubiquiti Inc. will post 7.21 earnings per share for the current year.

Ubiquiti Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Monday, May 19th will be paid a dividend of $0.60 per share. The ex-dividend date of this dividend is Monday, May 19th. This represents a $2.40 annualized dividend and a yield of 0.57%. Ubiquiti's dividend payout ratio (DPR) is 26.43%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. BWS Financial restated a "buy" rating and issued a $440.00 target price on shares of Ubiquiti in a research report on Monday. Barclays raised their target price on Ubiquiti from $222.00 to $247.00 and gave the company an "underweight" rating in a research report on Monday.

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.