608 Shares in Ubiquiti Inc. (NYSE:UI) Bought by Stratos Wealth Partners LTD.

Stratos Wealth Partners LTD. bought a new position in Ubiquiti Inc. (NYSE:UI) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 608 shares of the company’s stock, valued at approximately $202,000.

Other hedge funds also recently made changes to their positions in the company. Huntington National Bank grew its position in Ubiquiti by 267.6% during the third quarter. Huntington National Bank now owns 125 shares of the company’s stock worth $28,000 after buying an additional 91 shares in the last quarter. Raleigh Capital Management Inc. bought a new stake in shares of Ubiquiti in the 3rd quarter valued at about $47,000. Blue Trust Inc. lifted its stake in shares of Ubiquiti by 78.8% in the 4th quarter. Blue Trust Inc. now owns 143 shares of the company’s stock valued at $47,000 after acquiring an additional 63 shares during the last quarter. Hanseatic Management Services Inc. bought a new stake in shares of Ubiquiti in the 3rd quarter valued at about $76,000. Finally, Harvest Fund Management Co. Ltd bought a new stake in shares of Ubiquiti in the 3rd quarter valued at about $126,000. 4.00% of the stock is currently owned by hedge funds and other institutional investors.

Ubiquiti Price Performance

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 business’s 50-day simple moving average is $369.46 and its two-hundred day simple moving average is $285.46. The stock has a market cap of $20.70 billion, a PE 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.

Ubiquiti (NYSE:UI) last issued its earnings results on Friday, February 14th. The company reported $2.26 earnings per share (EPS) for the quarter, topping the consensus estimate 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 period in the previous year, the business earned $1.36 EPS. As a group, analysts forecast that Ubiquiti Inc. will post 7.21 EPS for the current fiscal year.

Ubiquiti Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 24th. Shareholders of record on Tuesday, February 18th will be given a dividend of $0.60 per share. The ex-dividend date is Tuesday, February 18th. This represents a $2.40 annualized dividend and a dividend yield of 0.70%. Ubiquiti’s dividend payout ratio (DPR) is presently 37.15%.

Insider Activity at Ubiquiti

In other news, CAO Kevin Radigan sold 1,000 shares of the company’s stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $347.99, for a total transaction of $347,990.00. Following the transaction, 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 document filed with the SEC, which is accessible through this hyperlink. 93.10% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on UI shares. Barclays lowered their target price on Ubiquiti from $236.00 to $222.00 and set an “underweight” rating for the company in a research note on Monday, February 10th. BWS Financial reaffirmed 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 Ubiquiti from a “hold” rating to a “buy” rating in a research report 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.