Signaturefd LLC Boosts Holdings in Ubiquiti Inc. (NYSE:UI)

Signaturefd LLC boosted its stake in Ubiquiti Inc. (NYSE:UI) by 66.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 423 shares of the company’s stock after acquiring an additional 169 shares during the period. Signaturefd LLC’s holdings in Ubiquiti were worth $140,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Versor Investments LP raised its stake in Ubiquiti by 254.5% in the 4th quarter. Versor Investments LP now owns 3,900 shares of the company’s stock valued at $1,295,000 after acquiring an additional 2,800 shares during the period. Barclays PLC increased its stake in shares of Ubiquiti by 4,880.2% in 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. Empowered Funds LLC bought a new stake in shares of Ubiquiti in the third quarter valued at approximately $323,000. Convergence Investment Partners LLC purchased a new stake in shares of Ubiquiti during the 4th quarter valued at approximately $2,180,000. Finally, Algert Global LLC bought a new position in Ubiquiti in the 3rd quarter worth approximately $838,000. 4.00% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on UI shares. Barclays lowered their target price on shares of Ubiquiti from $236.00 to $222.00 and set an “underweight” rating on the stock in a report on Monday, February 10th. BWS Financial reiterated a “buy” rating and set a $440.00 price objective on shares of Ubiquiti in a research note on Monday, February 10th.

Ubiquiti Price Performance

Shares of NYSE:UI opened at $317.33 on Monday. Ubiquiti Inc. has a 12 month low of $104.24 and a 12 month high of $469.98. The company has a current ratio of 2.22, a quick ratio of 0.98 and a debt-to-equity ratio of 1.31. The stock has a market cap of $19.19 billion, a P/E ratio of 43.11 and a beta of 1.12. The company has a 50 day moving average of $359.15 and a 200 day moving average of $313.10.

Ubiquiti (NYSE:UI) last released its quarterly earnings results on Friday, February 14th. The company reported $2.26 earnings per share for the quarter, topping 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 period in the previous year, the company earned $1.36 EPS. As a group, sell-side analysts forecast that Ubiquiti Inc. will post 7.21 EPS for the current fiscal year.

Ubiquiti Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, February 24th. Shareholders of record on Tuesday, February 18th were paid a $0.60 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $2.40 dividend on an annualized basis and a yield of 0.76%. Ubiquiti’s dividend payout ratio is currently 32.61%.

Insider Transactions at Ubiquiti

In other news, CAO Kevin Radigan sold 1,000 shares of the firm’s stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $347.99, for a total transaction of $347,990.00. Following the sale, the chief accounting officer now owns 2,484 shares in the company, valued at approximately $864,407.16. This trade represents a 28.70 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 93.10% of the stock is owned by insiders.

Ubiquiti 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.