Blair William & Co. IL Takes Position in Ubiquiti Inc. (NYSE:UI)

Blair William & Co. IL bought a new position in Ubiquiti Inc. (NYSE:UI) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund bought 742 shares of the company’s stock, valued at approximately $246,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company purchased a new position in shares of Ubiquiti during the 3rd quarter worth $244,000. FMR LLC grew its holdings in Ubiquiti by 200.8% during the 3rd quarter. FMR LLC now owns 2,764 shares of the company’s stock valued at $613,000 after buying an additional 1,845 shares in the last quarter. Verition Fund Management LLC bought a new position in shares of Ubiquiti during the 3rd quarter valued at approximately $626,000. Quantinno Capital Management LP grew its holdings in shares of Ubiquiti by 91.7% in the third quarter. Quantinno Capital Management LP now owns 3,671 shares of the company’s stock valued at $814,000 after purchasing an additional 1,756 shares in the last quarter. Finally, Zacks Investment Management bought a new stake in Ubiquiti in the third quarter worth $8,892,000. 4.00% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Ubiquiti Stock Down 5.4 %

Shares of Ubiquiti stock opened at $274.04 on Friday. Ubiquiti Inc. has a 1 year low of $104.24 and a 1 year high of $469.98. 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 stock has a market cap of $16.58 billion, a price-to-earnings ratio of 37.23 and a beta of 1.31. The firm’s 50-day moving average is $339.36 and its two-hundred day moving average is $320.12.

Ubiquiti (NYSE:UI) last issued its quarterly earnings data on Friday, February 14th. The company reported $2.26 earnings per share (EPS) 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 quarter last year, the business earned $1.36 EPS. As a group, research analysts expect that Ubiquiti Inc. will post 7.21 earnings per share for the current fiscal year.

Ubiquiti Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 24th. Investors of record on Tuesday, February 18th were paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date of this dividend was Tuesday, February 18th. Ubiquiti’s dividend payout ratio (DPR) is currently 32.61%.

Insider Buying and Selling at Ubiquiti

In related news, CAO Kevin Radigan sold 1,000 shares of the company’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 transaction, the chief accounting officer now directly owns 2,484 shares of the company’s stock, valued at $864,407.16. This represents a 28.70 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 93.10% of the stock is owned by insiders.

About Ubiquiti

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.