Raleigh Capital Management Inc. Invests $47,000 in Ubiquiti Inc. (NYSE:UI)

Raleigh Capital Management Inc. acquired a new stake in shares of Ubiquiti Inc. (NYSE:UI) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 212 shares of the company’s stock, valued at approximately $47,000.

A number of other institutional investors also recently bought and sold shares of UI. nVerses Capital LLC purchased a new position in shares of Ubiquiti during the 2nd quarter worth $44,000. Covestor Ltd lifted its position in Ubiquiti by 29.0% during the first quarter. Covestor Ltd now owns 516 shares of the company’s stock valued at $60,000 after purchasing an additional 116 shares in the last quarter. EntryPoint Capital LLC grew its holdings in Ubiquiti by 123.4% during the first quarter. EntryPoint Capital LLC now owns 735 shares of the company’s stock valued at $85,000 after purchasing an additional 406 shares during the period. Valeo Financial Advisors LLC purchased a new stake in Ubiquiti in the third quarter worth about $222,000. Finally, CWM LLC increased its position in Ubiquiti by 81.2% in the third quarter. CWM LLC now owns 1,486 shares of the company’s stock worth $329,000 after buying an additional 666 shares in the last quarter. Institutional investors own 4.00% of the company’s stock.

Analysts Set New Price Targets

UI has been the subject of a number of recent research reports. StockNews.com downgraded Ubiquiti from a “buy” rating to a “hold” rating in a research note on Tuesday, September 3rd. Barclays reduced their price objective on shares of Ubiquiti from $108.00 to $104.00 and set an “underweight” rating for the company in a research note on Tuesday, August 27th. Finally, BWS Financial lifted their target price on shares of Ubiquiti from $160.00 to $240.00 and gave the company a “buy” rating in a research note on Monday, August 26th.

Ubiquiti Stock Up 0.7 %

NYSE UI opened at $253.41 on Thursday. The company has a current ratio of 3.22, a quick ratio of 1.59 and a debt-to-equity ratio of 7.05. Ubiquiti Inc. has a 12 month low of $103.00 and a 12 month high of $256.44. The stock’s 50 day moving average is $212.09 and its 200 day moving average is $167.20. The stock has a market cap of $15.32 billion, a PE ratio of 43.77 and a beta of 1.16.

Ubiquiti (NYSE:UI) last released its earnings results on Friday, August 23rd. The company reported $1.74 EPS for the quarter, missing the consensus estimate of $1.91 by ($0.17). The company had revenue of $507.50 million during the quarter, compared to analysts’ expectations of $538.23 million. Ubiquiti had a return on equity of 3,321.33% and a net margin of 18.15%. Ubiquiti’s revenue was up 3.3% compared to the same quarter last year. Research analysts predict that Ubiquiti Inc. will post 7.09 EPS for the current fiscal year.

Ubiquiti Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 9th. Stockholders of record on Tuesday, September 3rd were given a dividend of $0.60 per share. The ex-dividend date was Tuesday, September 3rd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.95%. Ubiquiti’s payout ratio is 41.45%.

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.