Ubiquiti Inc. (NYSE:UI) Position Raised by EntryPoint Capital LLC

EntryPoint Capital LLC increased its position in Ubiquiti Inc. (NYSE:UI) by 105.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,824 shares of the company’s stock after acquiring an additional 1,450 shares during the period. Ubiquiti makes up about 0.4% of EntryPoint Capital LLC’s portfolio, making the stock its 5th biggest holding. EntryPoint Capital LLC’s holdings in Ubiquiti were worth $937,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Ubiquiti by 2.5% in the fourth quarter. Vanguard Group Inc. now owns 94,505 shares of the company’s stock worth $31,369,000 after purchasing an additional 2,294 shares during the last quarter. LPL Financial LLC increased its holdings in Ubiquiti by 4.1% in the 4th quarter. LPL Financial LLC now owns 5,297 shares of the company’s stock worth $1,758,000 after buying an additional 210 shares during the period. AXQ Capital LP purchased a new position in Ubiquiti during the 4th quarter worth approximately $381,000. Sei Investments Co. acquired a new stake in Ubiquiti during the 4th quarter valued at approximately $1,737,000. Finally, American Century Companies Inc. boosted its holdings in shares of Ubiquiti by 198.3% in the 4th quarter. American Century Companies Inc. now owns 3,237 shares of the company’s stock valued at $1,074,000 after acquiring an additional 2,152 shares during the last quarter. Institutional investors and hedge funds own 4.00% of the company’s stock.

Insider Buying and Selling at Ubiquiti

In other Ubiquiti news, CAO Kevin Radigan sold 1,000 shares of the company’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 completion of the transaction, the chief accounting officer now directly owns 2,484 shares in the company, valued at approximately $864,407.16. This represents a 28.70 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 93.10% of the stock is owned by corporate insiders.

Ubiquiti Price Performance

NYSE:UI opened at $334.71 on Tuesday. The company has a debt-to-equity ratio of 1.31, a current ratio of 2.22 and a quick ratio of 0.98. The company has a 50 day moving average price of $358.56 and a 200-day moving average price of $314.11. Ubiquiti Inc. has a 1-year low of $104.24 and a 1-year high of $469.98. The firm has a market cap of $20.25 billion, a price-to-earnings ratio of 45.48 and a beta of 1.12.

Ubiquiti (NYSE:UI) last released its quarterly earnings data on Friday, February 14th. The company reported $2.26 earnings per share for the quarter, beating analysts’ consensus estimates 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 business earned $1.36 earnings per share. Equities research analysts forecast that Ubiquiti Inc. will post 7.21 EPS for the current year.

Ubiquiti Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, February 24th. Shareholders of record on Tuesday, February 18th were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $2.40 dividend on an annualized basis and a yield of 0.72%. Ubiquiti’s dividend payout ratio is currently 32.61%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on UI. BWS Financial reissued a “buy” rating and set a $440.00 target price on shares of Ubiquiti in a report on Monday, February 10th. Barclays lowered their target price on Ubiquiti from $236.00 to $222.00 and set an “underweight” rating on the stock in a research note on Monday, February 10th.

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.