Universal Electronics Inc. (NASDAQ:UEIC) Director Eric Singer Acquires 4,690 Shares

Universal Electronics Inc. (NASDAQ:UEIC - Get Free Report) Director Eric Singer bought 4,690 shares of the firm's stock in a transaction on Monday, June 2nd. The shares were acquired at an average price of $6.67 per share, for a total transaction of $31,282.30. Following the transaction, the director now owns 57,097 shares in the company, valued at approximately $380,836.99. This represents a 8.95% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Eric Singer also recently made the following trade(s):

• On Tuesday, June 3rd, Eric Singer purchased 4,200 shares of Universal Electronics stock. The shares were purchased at an average price of $6.62 per share, for a total transaction of $27,804.00.
• On Tuesday, June 3rd, Eric Singer bought 4,200 shares of Universal Electronics stock. The stock was bought at an average price of $6.62 per share, for a total transaction of $27,804.00.
• On Monday, June 2nd, Eric Singer bought 4,690 shares of Universal Electronics stock. The stock was bought at an average price of $6.67 per share, for a total transaction of $31,282.30.
• On Wednesday, May 21st, Eric Singer bought 4,000 shares of Universal Electronics stock. The stock was bought at an average price of $6.70 per share, for a total transaction of $26,800.00.
• On Monday, May 19th, Eric Singer bought 3,000 shares of Universal Electronics stock. The stock was bought at an average price of $6.89 per share, for a total transaction of $20,670.00.
• On Friday, May 16th, Eric Singer purchased 6,000 shares of Universal Electronics stock. The shares were acquired at an average cost of $7.08 per share, with a total value of $42,480.00.
• On Tuesday, May 13th, Eric Singer purchased 24,000 shares of Universal Electronics stock. The shares were acquired at an average cost of $6.73 per share, with a total value of $161,520.00.

Universal Electronics Stock Down 2.6%

UEIC stock traded down $0.18 during mid-day trading on Thursday, reaching $6.81. 18,735 shares of the company traded hands, compared to its average volume of 73,929. The stock has a market cap of $89.69 million, a price-to-earnings ratio of -3.68, a P/E/G ratio of 3.62 and a beta of 1.44. Universal Electronics Inc. has a fifty-two week low of $4.32 and a fifty-two week high of $12.64. The firm's 50 day moving average price is $5.80 and its 200 day moving average price is $8.38.

Institutional Investors Weigh In On Universal Electronics

A number of hedge funds have recently modified their holdings of UEIC. SBI Securities Co. Ltd. bought a new stake in Universal Electronics during the 4th quarter valued at $33,000. Wellington Shields & Co. LLC bought a new stake in Universal Electronics during the 1st quarter valued at $45,000. Jump Financial LLC bought a new stake in Universal Electronics during the 1st quarter valued at $68,000. Hsbc Holdings PLC bought a new stake in Universal Electronics during the 1st quarter valued at $118,000. Finally, OMERS ADMINISTRATION Corp bought a new stake in Universal Electronics during the 4th quarter valued at $121,000. Institutional investors own 79.35% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on UEIC. Rosenblatt Securities reissued a "buy" rating and set a $15.00 target price on shares of Universal Electronics in a research note on Friday, February 21st. Wall Street Zen downgraded shares of Universal Electronics from a "strong-buy" rating to a "buy" rating in a research note on Saturday, March 1st.

About Universal Electronics

Universal Electronics Inc designs, develops, manufactures, ships, and supports control and sensor technology solutions in the United States, the People's Republic of China, rest of Asia, Europe, Latin America, and internationally. The company offers voice-enabled automatically-programmed universal two-way radio frequency, as well as infrared remote controls to video service providers, original equipment manufacturers (OEMs), retailers, and private label customers; wall-mount and handheld thermostat controllers and connected accessories for smart energy management systems to OEM customers, hotels, hospitality, and system integrators; proprietary and standards-based RF sensors for residential security, safety, and home automation applications; and integrated circuits on which its software and universal device control database is embedded to OEMs, video service providers, and private label customers.