Capstone Investment Advisors LLC Acquires Shares of 5,976 Ubiquiti Inc. (NYSE:UI)

Capstone Investment Advisors LLC acquired a new stake in shares of Ubiquiti Inc. (NYSE:UIFree Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 5,976 shares of the company’s stock, valued at approximately $834,000.

A number of other hedge funds also recently bought and sold shares of UI. Commonwealth Equity Services LLC increased its holdings in shares of Ubiquiti by 9.1% in the 3rd quarter. Commonwealth Equity Services LLC now owns 1,564 shares of the company’s stock valued at $227,000 after purchasing an additional 131 shares during the period. Raymond James Financial Services Advisors Inc. increased its holdings in shares of Ubiquiti by 14.2% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 1,469 shares of the company’s stock valued at $213,000 after purchasing an additional 183 shares during the period. Signaturefd LLC increased its holdings in shares of Ubiquiti by 201.5% in the 3rd quarter. Signaturefd LLC now owns 202 shares of the company’s stock valued at $29,000 after purchasing an additional 135 shares during the period. Barclays PLC increased its holdings in shares of Ubiquiti by 2,815.6% in the 3rd quarter. Barclays PLC now owns 7,872 shares of the company’s stock valued at $1,145,000 after purchasing an additional 7,602 shares during the period. Finally, Oppenheimer & Co. Inc. increased its holdings in shares of Ubiquiti by 6.5% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 17,030 shares of the company’s stock valued at $2,474,000 after purchasing an additional 1,032 shares during the period. 4.00% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

UI has been the topic of a number of research reports. BWS Financial reiterated a “buy” rating and issued a $160.00 target price on shares of Ubiquiti in a report on Monday, May 13th. StockNews.com upgraded Ubiquiti from a “sell” rating to a “hold” rating in a report on Thursday, April 18th. Finally, Barclays increased their price objective on Ubiquiti from $93.00 to $108.00 and gave the stock an “underweight” rating in a report on Monday, May 13th.

View Our Latest Analysis on Ubiquiti

Ubiquiti Stock Performance

Ubiquiti stock traded up $0.32 during trading hours on Friday, reaching $143.36. 537 shares of the company were exchanged, compared to its average volume of 88,983. The firm has a market cap of $8.67 billion, a price-to-earnings ratio of 24.71 and a beta of 1.22. The company has a current ratio of 3.95, a quick ratio of 1.84 and a debt-to-equity ratio of 32.43. The stock has a 50-day moving average of $120.44 and a 200 day moving average of $122.86. Ubiquiti Inc. has a 12 month low of $103.00 and a 12 month high of $189.52.

Ubiquiti Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 28th. Shareholders of record on Monday, May 20th were given a dividend of $0.60 per share. The ex-dividend date was Friday, May 17th. This represents a $2.40 dividend on an annualized basis and a yield of 1.67%. Ubiquiti’s payout ratio is currently 41.45%.

Ubiquiti Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Ubiquiti (NYSE:UI)

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