1,263 Shares in Ubiquiti Inc. (NYSE:UI) Bought by Virtu Financial LLC

Virtu Financial LLC acquired a new stake in shares of Ubiquiti Inc. (NYSE:UI) during the 4th quarter, HoldingsChannel reports. The fund acquired 1,263 shares of the company’s stock, valued at approximately $419,000.

Other institutional investors have also modified their holdings of the company. Pacer Advisors Inc. increased its position in shares of Ubiquiti by 95.0% during the fourth quarter. Pacer Advisors Inc. now owns 61,825 shares of the company’s stock worth $20,522,000 after purchasing an additional 30,118 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in Ubiquiti during the 4th quarter worth $15,425,000. Zacks Investment Management purchased a new stake in shares of Ubiquiti during the third quarter worth $8,892,000. JPMorgan Chase & Co. raised its position in shares of Ubiquiti by 20.4% in the third quarter. JPMorgan Chase & Co. now owns 29,813 shares of the company’s stock valued at $6,610,000 after buying an additional 5,045 shares during the last quarter. Finally, Wealthfront Advisers LLC purchased a new position in shares of Ubiquiti in the fourth quarter worth about $9,274,000. Institutional investors and hedge funds own 4.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on UI. Barclays cut their price objective on shares of Ubiquiti from $236.00 to $222.00 and set an “underweight” rating for the company in a report on Monday, February 10th. BWS Financial restated a “buy” rating and issued a $440.00 price target on shares of Ubiquiti in a research report on Monday, February 10th.

Ubiquiti Stock Down 2.7 %

NYSE UI opened at $313.97 on Thursday. The company has a quick ratio of 0.98, a current ratio of 2.22 and a debt-to-equity ratio of 1.31. Ubiquiti Inc. has a 52 week low of $104.24 and a 52 week high of $469.98. The business’s fifty day simple moving average is $355.16 and its 200-day simple moving average is $315.04. The firm has a market cap of $18.99 billion, a PE ratio of 42.66 and a beta of 1.12.

Ubiquiti (NYSE:UI) last posted its earnings results on Friday, February 14th. The company reported $2.26 earnings per share for the quarter, beating 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 last year, the business posted $1.36 EPS. As a group, equities analysts anticipate that Ubiquiti Inc. will post 7.21 earnings per share for the current year.

Ubiquiti Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, February 24th. Stockholders of record on Tuesday, February 18th were paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 0.76%. The ex-dividend date of this dividend was Tuesday, February 18th. Ubiquiti’s dividend payout ratio (DPR) is presently 32.61%.

Insider Buying and Selling

In related news, CAO Kevin Radigan sold 1,000 shares of the stock in a transaction that occurred 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 owns 2,484 shares of the company’s stock, valued at approximately $864,407.16. This trade represents a 28.70 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 93.10% of the company’s stock.

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.