Ubiquiti Inc. (NYSE:UI) CAO Kevin Radigan Sells 1,000 Shares of Stock

Ubiquiti Inc. (NYSE:UI) CAO Kevin Radigan sold 1,000 shares of the firm’s stock in a transaction 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 completion of the transaction, the chief accounting officer now directly owns 2,484 shares of the company’s stock, valued at approximately $864,407.16. This trade represents a 28.70 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Ubiquiti Price Performance

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

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

Ubiquiti Announces Dividend

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

Institutional Investors Weigh In On Ubiquiti

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Creative Planning lifted its position in Ubiquiti by 28.4% during the 2nd quarter. Creative Planning now owns 2,643 shares of the company’s stock worth $385,000 after acquiring an additional 585 shares during the period. CWM LLC lifted its holdings in shares of Ubiquiti by 81.2% during the third quarter. CWM LLC now owns 1,486 shares of the company’s stock worth $329,000 after purchasing an additional 666 shares during the period. Raleigh Capital Management Inc. acquired a new position in Ubiquiti in the 3rd quarter worth approximately $47,000. Wealth Enhancement Advisory Services LLC acquired a new position in Ubiquiti in the 3rd quarter worth approximately $266,000. Finally, Semanteon Capital Management LP purchased a new position in Ubiquiti during the 3rd quarter worth approximately $599,000. 4.00% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. StockNews.com raised shares of Ubiquiti from a “hold” rating to a “buy” rating in a report 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 report on Monday, February 10th. Finally, BWS Financial reiterated a “buy” rating and set a $440.00 price objective on shares of Ubiquiti in a research note on Monday, February 10th.

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.