Intrinsic Value Partners LLC Has $1.06 Million Stock Holdings in Ubiquiti Inc. (NYSE:UI)

Intrinsic Value Partners LLC lessened its stake in shares of Ubiquiti Inc. (NYSE:UI) by 13.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,193 shares of the company’s stock after selling 514 shares during the period. Ubiquiti accounts for 1.1% of Intrinsic Value Partners LLC’s portfolio, making the stock its 23rd largest holding. Intrinsic Value Partners LLC’s holdings in Ubiquiti were worth $1,060,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Huntington National Bank increased its holdings in shares of Ubiquiti by 267.6% during the 3rd quarter. Huntington National Bank now owns 125 shares of the company’s stock worth $28,000 after purchasing an additional 91 shares during the period. Raleigh Capital Management Inc. bought a new stake in Ubiquiti during the third quarter worth about $47,000. Blue Trust Inc. grew its stake in Ubiquiti by 78.8% during the fourth quarter. Blue Trust Inc. now owns 143 shares of the company’s stock worth $47,000 after buying an additional 63 shares during the last quarter. Hanseatic Management Services Inc. bought a new stake in Ubiquiti during the third quarter worth about $76,000. Finally, Harvest Fund Management Co. Ltd acquired a new position in shares of Ubiquiti during the third quarter worth approximately $126,000. Institutional investors and hedge funds own 4.00% of the company’s stock.

Insider Activity at Ubiquiti

In other news, CAO Kevin Radigan sold 1,000 shares of the stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $347.99, for a total value of $347,990.00. Following the sale, the chief accounting officer now directly owns 2,484 shares of the company’s stock, valued at approximately $864,407.16. This represents a 28.70 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 93.10% of the stock is owned by company insiders.

Ubiquiti Price Performance

UI stock opened at $342.28 on Friday. The company has a quick ratio of 1.32, a current ratio of 2.54 and a debt-to-equity ratio of 2.80. Ubiquiti Inc. has a 12 month low of $104.24 and a 12 month high of $469.98. The firm has a market cap of $20.70 billion, a P/E ratio of 52.98 and a beta of 1.14. The company’s 50-day moving average price is $369.46 and its two-hundred day moving average price is $285.46.

Ubiquiti (NYSE:UI) last issued its quarterly earnings results on Friday, February 14th. The company reported $2.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.14 by $0.12. Ubiquiti had a net margin of 19.36% and a return on equity of 532.06%. During the same period in the prior year, the company posted $1.36 EPS. On average, analysts anticipate that Ubiquiti Inc. will post 7.21 earnings per share for the current fiscal year.

Ubiquiti Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, February 24th. Investors of record on Tuesday, February 18th will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $2.40 annualized dividend and a yield of 0.70%. Ubiquiti’s payout ratio is currently 37.15%.

Wall Street Analysts Forecast Growth

UI has been the topic of several analyst reports. Barclays cut their price objective on shares of Ubiquiti from $236.00 to $222.00 and set an “underweight” rating on the stock in a report on Monday, February 10th. BWS Financial reissued a “buy” rating and set a $440.00 price objective on shares of Ubiquiti in a research report on Monday, February 10th. Finally, StockNews.com raised shares of Ubiquiti from a “hold” rating to a “buy” rating in a research report on Sunday, November 17th.

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.