769 Shares in Ubiquiti Inc. (NYSE:UI) Bought by Dark Forest Capital Management LP

Dark Forest Capital Management LP bought a new position in shares of Ubiquiti Inc. (NYSE:UI) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 769 shares of the company’s stock, valued at approximately $255,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in UI. Arrowstreet Capital Limited Partnership grew its stake in Ubiquiti by 926.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 113,305 shares of the company’s stock valued at $37,609,000 after purchasing an additional 102,268 shares during the last quarter. Norges Bank purchased a new stake in Ubiquiti during the 4th quarter valued at about $16,166,000. Proficio Capital Partners LLC purchased a new stake in Ubiquiti during the 4th quarter valued at about $15,425,000. Pacer Advisors Inc. grew its stake in Ubiquiti by 95.0% during the 4th quarter. Pacer Advisors Inc. now owns 61,825 shares of the company’s stock valued at $20,522,000 after purchasing an additional 30,118 shares during the last quarter. Finally, Wealthfront Advisers LLC purchased a new stake in Ubiquiti during the 4th quarter valued at about $9,274,000. 4.00% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have weighed in on UI. BWS Financial reiterated a “buy” rating and set a $440.00 price target on shares of Ubiquiti in a research note on Friday, April 4th. Barclays dropped their price target on Ubiquiti from $236.00 to $222.00 and set an “underweight” rating on the stock in a research note on Monday, February 10th.

Insider Buying and Selling

In related news, CAO Kevin Radigan sold 1,000 shares of the company’s stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $347.99, for a total value of $347,990.00. Following the completion of the transaction, the chief accounting officer now owns 2,484 shares of the company’s stock, valued at approximately $864,407.16. This represents a 28.70 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 93.10% of the stock is currently owned by insiders.

Ubiquiti Stock Up 1.9 %

Shares of UI opened at $319.17 on Tuesday. Ubiquiti Inc. has a 52 week low of $106.99 and a 52 week high of $469.98. The company has a quick ratio of 0.98, a current ratio of 2.22 and a debt-to-equity ratio of 1.31. The company has a market capitalization of $19.31 billion, a price-to-earnings ratio of 43.36 and a beta of 1.31. The stock’s 50-day moving average price is $311.71 and its 200-day moving average price is $329.96.

Ubiquiti (NYSE:UI) last issued its earnings results on Friday, February 14th. The company reported $2.26 EPS for the quarter, topping analysts’ consensus estimates of $2.14 by $0.12. Ubiquiti had a return on equity of 296.82% and a net margin of 20.68%. During the same period in the prior year, the business earned $1.36 EPS. On average, sell-side analysts predict that Ubiquiti Inc. will post 7.21 EPS for the current year.

Ubiquiti Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, February 24th. Investors of record on Tuesday, February 18th were issued a $0.60 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $2.40 dividend on an annualized basis and a yield of 0.75%. Ubiquiti’s payout ratio is 32.61%.

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.