EntryPoint Capital LLC Has $937,000 Stock Position in Ubiquiti Inc. (NYSE:UI)

EntryPoint Capital LLC grew its stake in Ubiquiti Inc. (NYSE:UI) by 105.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,824 shares of the company’s stock after acquiring an additional 1,450 shares during the period. Ubiquiti accounts for 0.4% of EntryPoint Capital LLC’s holdings, making the stock its 5th biggest holding. EntryPoint Capital LLC’s holdings in Ubiquiti were worth $937,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of the stock. Caprock Group LLC grew its stake in Ubiquiti by 2.3% in the fourth quarter. Caprock Group LLC now owns 1,085 shares of the company’s stock worth $360,000 after purchasing an additional 24 shares in the last quarter. Farther Finance Advisors LLC grew its position in shares of Ubiquiti by 47.0% during the 4th quarter. Farther Finance Advisors LLC now owns 122 shares of the company’s stock worth $40,000 after buying an additional 39 shares in the last quarter. Hanseatic Management Services Inc. increased its stake in shares of Ubiquiti by 12.0% during the fourth quarter. Hanseatic Management Services Inc. now owns 384 shares of the company’s stock valued at $127,000 after buying an additional 41 shares during the period. Venturi Wealth Management LLC raised its holdings in shares of Ubiquiti by 71.1% in the fourth quarter. Venturi Wealth Management LLC now owns 130 shares of the company’s stock valued at $43,000 after acquiring an additional 54 shares in the last quarter. Finally, Blue Trust Inc. lifted its stake in Ubiquiti by 78.8% in the fourth quarter. Blue Trust Inc. now owns 143 shares of the company’s stock worth $47,000 after acquiring an additional 63 shares during the period. 4.00% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently commented on UI shares. BWS Financial restated a “buy” rating and issued a $440.00 price target 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 for the company in a report on Monday, February 10th.

Ubiquiti Stock Performance

UI stock opened at $334.71 on Tuesday. Ubiquiti Inc. has a one year low of $104.24 and a one 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. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.98 and a current ratio of 2.22. The firm has a 50-day simple moving average of $358.56 and a two-hundred day simple moving average of $314.11.

Ubiquiti (NYSE:UI) last posted its earnings results on Friday, February 14th. The company reported $2.26 EPS 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 quarter in the previous year, the business earned $1.36 earnings per share. On average, equities analysts forecast that Ubiquiti Inc. will post 7.21 EPS for the current fiscal year.

Ubiquiti Announces Dividend

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

Insider Buying and Selling

In other Ubiquiti news, CAO Kevin Radigan sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $347.99, for a total value of $347,990.00. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 93.10% of the stock is owned by company 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.