DGS Capital Management LLC Purchases 1,333 Shares of Ubiquiti Inc. (NYSE:UI)

DGS Capital Management LLC increased its position in shares of Ubiquiti Inc. (NYSE:UI) by 138.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,295 shares of the company’s stock after purchasing an additional 1,333 shares during the period. DGS Capital Management LLC’s holdings in Ubiquiti were worth $762,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Huntington National Bank increased its holdings in Ubiquiti by 267.6% in the 3rd quarter. Huntington National Bank now owns 125 shares of the company’s stock valued at $28,000 after buying an additional 91 shares during the period. Raleigh Capital Management Inc. acquired a new stake in shares of Ubiquiti during the 3rd quarter valued at about $47,000. Hanseatic Management Services Inc. bought a new stake in Ubiquiti in the third quarter valued at about $76,000. Harvest Fund Management Co. Ltd acquired a new position in Ubiquiti in the third quarter worth about $126,000. Finally, Atria Investments Inc bought a new position in Ubiquiti during the third quarter worth about $210,000. 4.00% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Ubiquiti Stock Down 0.2 %

Shares of UI opened at $430.18 on Friday. The company has a market capitalization of $26.01 billion, a P/E ratio of 66.59 and a beta of 1.14. Ubiquiti Inc. has a one year low of $104.24 and a one year high of $438.12. The business’s 50 day simple moving average is $356.30 and its 200-day simple moving average is $261.87. The company has a debt-to-equity ratio of 2.80, a current ratio of 2.54 and a quick ratio of 1.32.

Ubiquiti (NYSE:UI) last posted its quarterly earnings data on Friday, November 8th. The company reported $2.12 EPS for the quarter, topping analysts’ consensus estimates of $1.75 by $0.37. Ubiquiti had a return on equity of 532.06% and a net margin of 19.36%. The company had revenue of $550.34 million for the quarter, compared to analyst estimates of $535.03 million. As a group, sell-side analysts predict that Ubiquiti Inc. will post 7.21 EPS for the current fiscal year.

Ubiquiti Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Monday, November 18th were given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 0.56%. The ex-dividend date of this dividend was Monday, November 18th. Ubiquiti’s payout ratio is presently 37.15%.

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.