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

Ubiquiti Inc. (NYSE:UI) CAO Kevin Radigan sold 1,000 shares of the stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $347.99, for a total transaction of $347,990.00. Following the sale, the chief accounting officer now owns 2,484 shares of the company’s stock, valued at $864,407.16. This trade represents a 28.70 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Ubiquiti Price Performance

Shares of NYSE:UI 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. The company has a market cap of $20.70 billion, a P/E ratio of 52.98 and a beta of 1.14. Ubiquiti Inc. has a 52 week low of $104.24 and a 52 week high of $469.98. The company has a 50-day moving average price of $369.41 and a 200 day moving average price of $286.61.

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 net margin of 19.36% and a return on equity of 532.06%. During the same quarter in the prior year, the business posted $1.36 earnings per share. Research analysts predict that Ubiquiti Inc. will post 7.21 earnings per share for the current year.

Ubiquiti Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, February 24th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.70%. Ubiquiti’s payout ratio is 32.61%.

Institutional Investors Weigh In On Ubiquiti

Hedge funds and other institutional investors have recently modified their holdings of the stock. Barclays PLC lifted its position in shares of Ubiquiti by 4,880.2% during the 3rd quarter. Barclays PLC now owns 13,347 shares of the company’s stock valued at $2,959,000 after acquiring an additional 13,079 shares during the period. Empowered Funds LLC purchased a new position in shares of Ubiquiti during the 3rd quarter worth approximately $323,000. Algert Global LLC purchased a new position in shares of Ubiquiti during the 3rd quarter worth approximately $838,000. MML Investors Services LLC purchased a new position in shares of Ubiquiti during the 3rd quarter worth approximately $327,000. Finally, Semanteon Capital Management LP purchased a new position in shares of 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 Analysts Forecast Growth

Several equities research analysts have recently weighed in on UI shares. StockNews.com upgraded shares of Ubiquiti from a “hold” rating to a “buy” rating in a research note on Sunday, November 17th. Barclays reduced their price objective 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 restated a “buy” rating and issued a $440.00 price objective on shares of Ubiquiti in a research report 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.