Cambridge Investment Research Advisors Inc. Buys Shares of 12,448 Unusual Machines, Inc. (NYSEAMERICAN:UMAC)

Cambridge Investment Research Advisors Inc. bought a new stake in Unusual Machines, Inc. (NYSEAMERICAN:UMAC) during the first quarter, HoldingsChannel.com reports. The institutional investor bought 12,448 shares of the company’s stock, valued at approximately $80,000.

A number of other institutional investors also recently made changes to their positions in UMAC. Signaturefd LLC acquired a new stake in Unusual Machines in the fourth quarter worth $25,000. NewEdge Advisors LLC purchased a new stake in Unusual Machines in the 4th quarter worth about $84,000. OMERS ADMINISTRATION Corp purchased a new stake in shares of Unusual Machines during the 4th quarter worth about $209,000. Jane Street Group LLC purchased a new stake in shares of Unusual Machines during the 4th quarter worth about $298,000. Finally, Geode Capital Management LLC increased its holdings in shares of Unusual Machines by 329.3% during the 4th quarter. Geode Capital Management LLC now owns 43,214 shares of the company’s stock valued at $727,000 after acquiring an additional 33,148 shares during the last quarter.

Unusual Machines Stock Performance

Shares of NYSEAMERICAN UMAC opened at $11.23 on Wednesday. The firm has a market cap of $278.84 million, a price-to-earnings ratio of -2.89 and a beta of 23.28. The business’s 50-day simple moving average is $7.31 and its 200-day simple moving average is $8.65. Unusual Machines, Inc. has a 52 week low of $1.28 and a 52 week high of $23.62.

About Unusual Machines

Unusual Machines, Inc designs, manufactures, and sells ultra-low latency video goggles for drone pilots. It operates a drone-focused e-commerce marketplace. The company serves drone pilots, hobbyists, and recreational services. The company was formerly known as AerocarveUS Corporation and changed its name to Unusual Machines, Inc in July 2022.