Universal Electronics Inc. (NASDAQ:UEIC) Shares Sold by GSA Capital Partners LLP

GSA Capital Partners LLP lessened its stake in Universal Electronics Inc. (NASDAQ:UEIC) by 49.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 32,928 shares of the technology company’s stock after selling 32,280 shares during the quarter. GSA Capital Partners LLP owned approximately 0.25% of Universal Electronics worth $304,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Bank of New York Mellon Corp acquired a new stake in shares of Universal Electronics in the 2nd quarter valued at about $122,000. Sei Investments Co. acquired a new stake in shares of Universal Electronics in the 2nd quarter valued at about $212,000. Assenagon Asset Management S.A. raised its stake in shares of Universal Electronics by 18.0% in the 2nd quarter. Assenagon Asset Management S.A. now owns 140,077 shares of the technology company’s stock valued at $1,628,000 after purchasing an additional 21,337 shares in the last quarter. Kent Lake Capital LLC acquired a new stake in shares of Universal Electronics in the 1st quarter valued at about $1,588,000. Finally, American Century Companies Inc. raised its stake in shares of Universal Electronics by 24.8% in the 2nd quarter. American Century Companies Inc. now owns 165,845 shares of the technology company’s stock valued at $1,927,000 after purchasing an additional 32,911 shares in the last quarter. Institutional investors and hedge funds own 79.35% of the company’s stock.

Insider Buying and Selling

In other Universal Electronics news, Director Edward K. Zinser sold 2,500 shares of the company’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $10.68, for a total value of $26,700.00. Following the completion of the transaction, the director now owns 38,062 shares in the company, valued at approximately $406,502.16. This represents a 6.16 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 9.37% of the stock is owned by company insiders.

Universal Electronics Stock Down 2.9 %

UEIC opened at $11.33 on Friday. The firm has a market cap of $147.63 million, a price-to-earnings ratio of -5.53 and a beta of 1.13. Universal Electronics Inc. has a fifty-two week low of $7.17 and a fifty-two week high of $14.20. The company’s 50-day moving average price is $9.00 and its 200 day moving average price is $10.30.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on UEIC shares. Rosenblatt Securities upgraded shares of Universal Electronics from a “neutral” rating to a “buy” rating and set a $15.00 target price on the stock in a research note on Friday, November 8th. StockNews.com upgraded shares of Universal Electronics from a “hold” rating to a “buy” rating in a research note on Thursday, September 19th. Finally, B. Riley upgraded shares of Universal Electronics from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $11.00 to $14.00 in a research note on Monday, November 11th.

Universal Electronics Profile

Universal Electronics Inc designs, develops, manufactures, ships, and supports control and sensor technology solutions in the United States, the People’s Republic of China, rest of Asia, Europe, Latin America, and internationally. The company offers voice-enabled automatically-programmed universal two-way radio frequency, as well as infrared remote controls to video service providers, original equipment manufacturers (OEMs), retailers, and private label customers; wall-mount and handheld thermostat controllers and connected accessories for smart energy management systems to OEM customers, hotels, hospitality, and system integrators; proprietary and standards-based RF sensors for residential security, safety, and home automation applications; and integrated circuits on which its software and universal device control database is embedded to OEMs, video service providers, and private label customers.