Oxinas Partners Wealth Management LLC Buys Shares of 2,107 Ubiquiti Inc. (NYSE:UI)

Oxinas Partners Wealth Management LLC bought a new stake in shares of Ubiquiti Inc. (NYSE:UI) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 2,107 shares of the company’s stock, valued at approximately $699,000.

Other large investors also recently added to or reduced their stakes in the company. Huntington National Bank raised its position in Ubiquiti by 267.6% in the third quarter. Huntington National Bank now owns 125 shares of the company’s stock worth $28,000 after purchasing an additional 91 shares in the last quarter. Raleigh Capital Management Inc. acquired a new stake in shares of Ubiquiti in the third quarter valued at approximately $47,000. Hanseatic Management Services Inc. acquired a new stake in shares of Ubiquiti in the third quarter valued at approximately $76,000. Harvest Fund Management Co. Ltd acquired a new stake in shares of Ubiquiti in the third quarter valued at approximately $126,000. Finally, Diversify Advisory Services LLC acquired a new stake in shares of Ubiquiti in the fourth quarter valued at approximately $273,000. 4.00% of the stock is owned by institutional investors and hedge funds.

Ubiquiti Trading Up 2.3 %

UI opened at $415.90 on Wednesday. The stock has a market capitalization of $25.15 billion, a P/E ratio of 64.38 and a beta of 1.14. Ubiquiti Inc. has a 12 month low of $104.24 and a 12 month high of $422.92. The firm’s fifty day simple moving average is $351.64 and its 200 day simple moving average is $257.70. The company has a current ratio of 2.54, a quick ratio of 1.32 and a debt-to-equity ratio of 2.80.

Ubiquiti (NYSE:UI) last issued its quarterly earnings results on Friday, November 8th. The company reported $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.75 by $0.37. The firm had revenue of $550.34 million for the quarter, compared to analyst estimates of $535.03 million. Ubiquiti had a net margin of 19.36% and a return on equity of 532.06%. As a group, research analysts anticipate that Ubiquiti Inc. will post 7.21 EPS for the current fiscal year.

Ubiquiti Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Monday, November 18th were issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 0.58%. The ex-dividend date was Monday, November 18th. Ubiquiti’s payout ratio is 37.15%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on UI shares. BWS Financial raised their price objective on shares of Ubiquiti from $385.00 to $440.00 and gave the company a “buy” rating in a research note on Wednesday, January 15th. Barclays raised their price objective on shares of Ubiquiti from $104.00 to $236.00 and gave the company an “underweight” rating in a research note on Monday, November 11th. Finally, StockNews.com raised shares of Ubiquiti from a “hold” rating to a “buy” rating in a research note on Sunday, November 17th.

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.