MML Investors Services LLC Makes New Investment in Ubiquiti Inc. (NYSE:UI)

MML Investors Services LLC bought a new stake in Ubiquiti Inc. (NYSE:UI) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 1,476 shares of the company’s stock, valued at approximately $327,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. XTX Topco Ltd purchased a new stake in shares of Ubiquiti during the 3rd quarter valued at about $466,000. Zacks Investment Management acquired a new stake in Ubiquiti in the third quarter valued at approximately $8,892,000. Quantinno Capital Management LP raised its stake in shares of Ubiquiti by 91.7% during 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 during the period. ClearAlpha Technologies LP acquired a new position in shares of Ubiquiti during the third quarter worth $627,000. Finally, Edgestream Partners L.P. purchased a new position in shares of Ubiquiti in the third quarter valued at $1,121,000. Institutional investors and hedge funds own 4.00% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on UI. Barclays boosted their price objective on shares of Ubiquiti from $104.00 to $236.00 and gave the stock an “underweight” rating in a report on Monday, November 11th. StockNews.com upgraded Ubiquiti from a “hold” rating to a “buy” rating in a research note on Sunday, November 17th. Finally, BWS Financial raised their price objective on Ubiquiti from $240.00 to $385.00 and gave the company a “buy” rating in a research note on Monday, November 11th.

Ubiquiti Trading Up 1.7 %

NYSE UI opened at $350.66 on Wednesday. The company has a market capitalization of $21.20 billion, a price-to-earnings ratio of 54.28 and a beta of 1.12. The company has a debt-to-equity ratio of 2.80, a current ratio of 2.54 and a quick ratio of 1.32. Ubiquiti Inc. has a 12 month low of $104.24 and a 12 month high of $366.33. The company’s fifty day moving average price is $311.98 and its two-hundred day moving average price is $227.05.

Ubiquiti Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Monday, November 18th were paid a $0.60 dividend. The ex-dividend date was Monday, November 18th. This represents a $2.40 dividend on an annualized basis and a yield of 0.68%. Ubiquiti’s dividend payout ratio (DPR) is 37.15%.

Ubiquiti Company 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.