Virtu Financial LLC Takes $419,000 Position in Ubiquiti Inc. (NYSE:UI)

Virtu Financial LLC bought a new position in shares of Ubiquiti Inc. (NYSE:UI) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 1,263 shares of the company’s stock, valued at approximately $419,000.

Several other hedge funds also recently added to or reduced their stakes in UI. Versor Investments LP increased its stake in Ubiquiti by 254.5% during the 4th quarter. Versor Investments LP now owns 3,900 shares of the company’s stock valued at $1,295,000 after purchasing an additional 2,800 shares in the last quarter. Barclays PLC increased its position in shares of Ubiquiti by 4,880.2% in the 3rd quarter. Barclays PLC now owns 13,347 shares of the company’s stock valued at $2,959,000 after acquiring an additional 13,079 shares during the period. Convergence Investment Partners LLC purchased a new position in Ubiquiti in the 4th quarter worth $2,180,000. Algert Global LLC purchased a new position in Ubiquiti in the 3rd quarter worth $838,000. Finally, MML Investors Services LLC acquired a new stake in Ubiquiti during the 3rd quarter worth about $327,000. 4.00% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

UI has been the topic of a number of research reports. BWS Financial reissued a “buy” rating and issued a $440.00 price objective on shares of Ubiquiti in a report on Monday, February 10th. Barclays cut their price target 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.

Ubiquiti Price Performance

NYSE:UI opened at $313.97 on Thursday. The firm’s fifty day moving average is $355.16 and its two-hundred day moving average is $315.04. The firm has a market cap of $18.99 billion, a price-to-earnings ratio of 42.66 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. Ubiquiti Inc. has a one year low of $104.24 and a one year high of $469.98.

Ubiquiti (NYSE:UI) last issued its earnings results on Friday, February 14th. The company reported $2.26 EPS for the quarter, topping analysts’ consensus estimates of $2.14 by $0.12. Ubiquiti had a return on equity of 296.82% and a net margin of 20.68%. During the same period in the prior year, the business earned $1.36 EPS. Research analysts expect that Ubiquiti Inc. will post 7.21 EPS for the current year.

Ubiquiti Announces Dividend

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

Insider Activity

In other 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 transaction of $347,990.00. Following the sale, the chief accounting officer now directly owns 2,484 shares in the company, valued at $864,407.16. This trade represents a 28.70 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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.