Ubiquiti Inc. (NYSE:UI) Shares Acquired by Weil Company Inc.

Weil Company Inc. increased its position in Ubiquiti Inc. (NYSE:UI) by 11.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,161 shares of the company’s stock after buying an additional 418 shares during the period. Weil Company Inc.’s holdings in Ubiquiti were worth $581,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of UI. Signaturefd LLC increased its position in Ubiquiti by 201.5% during the third quarter. Signaturefd LLC now owns 202 shares of the company’s stock worth $29,000 after purchasing an additional 135 shares during the last quarter. Quadrant Capital Group LLC increased its position in Ubiquiti by 435.0% during the fourth quarter. Quadrant Capital Group LLC now owns 214 shares of the company’s stock worth $30,000 after purchasing an additional 174 shares during the last quarter. Headlands Technologies LLC acquired a new position in Ubiquiti during the fourth quarter worth approximately $42,000. Quest Partners LLC acquired a new position in Ubiquiti during the fourth quarter worth approximately $66,000. Finally, American National Bank acquired a new position in Ubiquiti during the fourth quarter worth approximately $69,000. Institutional investors and hedge funds own 4.00% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. BWS Financial reaffirmed a “buy” rating and set a $160.00 price target on shares of Ubiquiti in a research report on Monday, May 13th. StockNews.com raised shares of Ubiquiti from a “sell” rating to a “hold” rating in a research report on Thursday, April 18th. Finally, Barclays increased their price objective on shares of Ubiquiti from $93.00 to $108.00 and gave the stock an “underweight” rating in a research report on Monday, May 13th.

Ubiquiti Trading Down 4.5 %

Shares of Ubiquiti stock traded down $6.78 during trading hours on Thursday, hitting $145.28. The company’s stock had a trading volume of 77,980 shares, compared to its average volume of 91,148. Ubiquiti Inc. has a 1-year low of $103.00 and a 1-year high of $189.52. The business has a fifty day moving average of $116.40 and a 200 day moving average of $121.42. The company has a market capitalization of $8.78 billion, a PE ratio of 25.23 and a beta of 1.22. The company has a quick ratio of 1.84, a current ratio of 3.95 and a debt-to-equity ratio of 32.43.

Ubiquiti Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Monday, May 20th will be paid a $0.60 dividend. The ex-dividend date of this dividend is Friday, May 17th. This represents a $2.40 annualized dividend and a dividend yield of 1.65%. Ubiquiti’s dividend payout ratio (DPR) is presently 41.45%.

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.