LPL Financial LLC boosted its position in Ubiquiti Inc. (NYSE:UI – Free Report) by 2.4% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,203 shares of the company’s stock after buying an additional 262 shares during the period. LPL Financial LLC’s holdings in Ubiquiti were worth $3,044,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. DMC Group LLC grew its position in Ubiquiti by 4.2% in the 1st quarter. DMC Group LLC now owns 1,056 shares of the company’s stock valued at $284,000 after buying an additional 43 shares during the last quarter. Laurel Wealth Advisors Inc. boosted its position in shares of Ubiquiti by 2.2% during the 1st quarter. Laurel Wealth Advisors Inc. now owns 2,208 shares of the company’s stock worth $643,000 after purchasing an additional 47 shares in the last quarter. Citigroup Inc. boosted its position in shares of Ubiquiti by 2.4% during the 1st quarter. Citigroup Inc. now owns 2,723 shares of the company’s stock worth $793,000 after purchasing an additional 64 shares in the last quarter. Toroso Investments LLC boosted its position in shares of Ubiquiti by 11.0% during the 1st quarter. Toroso Investments LLC now owns 779 shares of the company’s stock worth $227,000 after purchasing an additional 77 shares in the last quarter. Finally, Captrust Financial Advisors boosted its position in shares of Ubiquiti by 15.7% during the 3rd quarter. Captrust Financial Advisors now owns 730 shares of the company’s stock worth $214,000 after purchasing an additional 99 shares in the last quarter. 3.54% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several equities research analysts have commented on the stock. Barclays decreased their target price on shares of Ubiquiti from $207.00 to $141.00 in a research report on Sunday, August 27th. StockNews.com lowered shares of Ubiquiti from a “hold” rating to a “sell” rating in a research report on Monday.
Ubiquiti Stock Up 1.3 %
NYSE:UI opened at $177.28 on Tuesday. The company has a market capitalization of $10.72 billion, a PE ratio of 26.26 and a beta of 1.27. Ubiquiti Inc. has a 52-week low of $152.50 and a 52-week high of $350.63. The stock has a fifty day simple moving average of $173.46 and a 200-day simple moving average of $206.50.
Ubiquiti Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Monday, September 11th. Stockholders of record on Tuesday, September 5th will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 1.35%. The ex-dividend date is Friday, September 1st. Ubiquiti’s dividend payout ratio (DPR) is presently 35.56%.
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, and other WLAN products.
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