Ieq Capital LLC Grows Stock Holdings in Ubiquiti Inc. (NYSE:UI)

Ieq Capital LLC increased its holdings in shares of Ubiquiti Inc. (NYSE:UI) by 169.8% in the 4th quarter, HoldingsChannel reports. The firm owned 5,565 shares of the company’s stock after acquiring an additional 3,502 shares during the quarter. Ieq Capital LLC’s holdings in Ubiquiti were worth $1,847,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Creative Planning grew its position in shares of Ubiquiti by 51.6% during the 3rd quarter. Creative Planning now owns 4,008 shares of the company’s stock valued at $889,000 after acquiring an additional 1,365 shares during the period. Wealth Enhancement Advisory Services LLC acquired a new stake in Ubiquiti in the third quarter valued at approximately $266,000. Semanteon Capital Management LP acquired a new stake in Ubiquiti in the third quarter valued at approximately $599,000. US Bancorp DE increased its position in shares of Ubiquiti by 3.9% in the third quarter. US Bancorp DE now owns 1,537 shares of the company’s stock valued at $341,000 after buying an additional 57 shares in the last quarter. Finally, Hanseatic Management Services Inc. acquired a new position in shares of Ubiquiti during the 3rd quarter worth approximately $76,000. 4.00% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on UI shares. StockNews.com raised shares of Ubiquiti from a “hold” rating to a “buy” rating in a research note on Sunday, November 17th. Barclays reduced their price target on shares of Ubiquiti from $236.00 to $222.00 and set an “underweight” rating for the company in a research report on Monday, February 10th. Finally, BWS Financial reaffirmed a “buy” rating and issued a $440.00 price target on shares of Ubiquiti in a research note on Monday, February 10th.

Ubiquiti Stock Down 4.8 %

Shares of UI opened at $321.03 on Monday. The stock has a 50 day moving average price of $369.12 and a 200 day moving average price of $293.95. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.98 and a current ratio of 2.22. The stock has a market capitalization of $19.42 billion, a price-to-earnings ratio of 43.62 and a beta of 1.14. Ubiquiti Inc. has a one year low of $104.24 and a one year high of $469.98.

Ubiquiti (NYSE:UI) last posted its quarterly earnings results on Friday, February 14th. The company reported $2.26 earnings per share (EPS) for the quarter, beating 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 last year, the firm earned $1.36 earnings per share. Equities research analysts forecast that Ubiquiti Inc. will post 7.21 earnings per share for the current fiscal year.

Ubiquiti Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, February 24th. Shareholders of record on Tuesday, February 18th will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 0.75%. The ex-dividend date of this dividend is Tuesday, February 18th. Ubiquiti’s dividend payout ratio (DPR) is presently 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 that occurred on Wednesday, February 12th. The shares were 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 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 Securities & Exchange Commission, which is accessible through this hyperlink. 93.10% of the stock is owned by corporate insiders.

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.