Universal Electronics Inc. (NASDAQ:UEIC) Director Acquires $31,282.30 in Stock

Universal Electronics Inc. (NASDAQ:UEIC - Get Free Report) Director Eric Singer purchased 4,690 shares of the firm's stock in a transaction that occurred on Monday, June 2nd. The stock was purchased at an average price of $6.67 per share, with a total value of $31,282.30. Following the purchase, the director now directly owns 57,097 shares of the company's stock, valued at $380,836.99. The trade was a 8.95% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

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

Universal Electronics Stock Performance

UEIC stock traded down $0.05 during trading on Friday, reaching $6.76. 35,437 shares of the company were exchanged, compared to its average volume of 73,111. The company has a market cap of $89.03 million, a P/E ratio of -3.65, a PEG ratio of 3.62 and a beta of 1.54. Universal Electronics Inc. has a 52-week low of $4.32 and a 52-week high of $12.64. The stock's 50 day moving average price is $5.83 and its 200 day moving average price is $8.32.

Analyst Ratings Changes

UEIC has been the subject of several recent analyst reports. Wall Street Zen cut shares of Universal Electronics from a "strong-buy" rating to a "buy" rating in a research note on Saturday, March 1st. Rosenblatt Securities reissued a "buy" rating and set a $15.00 price objective on shares of Universal Electronics in a report on Friday, February 21st.

Institutional Investors Weigh In On Universal Electronics

A number of large investors have recently added to or reduced their stakes in the business. Russell Investments Group Ltd. lifted its holdings in Universal Electronics by 109.6% in the 4th quarter. Russell Investments Group Ltd. now owns 129,922 shares of the technology company's stock valued at $1,429,000 after purchasing an additional 67,939 shares in the last quarter. Sei Investments Co. lifted its holdings in Universal Electronics by 21.4% in the 4th quarter. Sei Investments Co. now owns 22,144 shares of the technology company's stock valued at $244,000 after purchasing an additional 3,909 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Universal Electronics by 12.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 453,403 shares of the technology company's stock valued at $4,987,000 after purchasing an additional 50,003 shares in the last quarter. Jane Street Group LLC lifted its holdings in Universal Electronics by 89.5% in the 4th quarter. Jane Street Group LLC now owns 33,497 shares of the technology company's stock valued at $368,000 after purchasing an additional 15,819 shares in the last quarter. Finally, SBI Securities Co. Ltd. purchased a new position in Universal Electronics in the 4th quarter valued at about $33,000. 79.35% of the stock is owned by institutional investors and hedge funds.

Universal Electronics Company Profile

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.