Ultralife (NASDAQ:ULBI) Director Purchases $201,529.88 in Stock

Ultralife Corporation (NASDAQ:ULBIGet Free Report) Director Bradford Whitmore purchased 32,876 shares of the firm’s stock in a transaction on Thursday, May 21st. The stock was bought at an average cost of $6.13 per share, with a total value of $201,529.88. Following the completion of the purchase, the director owned 1,974,635 shares of the company’s stock, valued at approximately $12,104,512.55. This represents a 1.69% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Ultralife Trading Up 0.1%

ULBI opened at $7.76 on Friday. Ultralife Corporation has a 1-year low of $4.90 and a 1-year high of $9.52. The company has a current ratio of 2.56, a quick ratio of 1.23 and a debt-to-equity ratio of 0.34. The company has a market cap of $129.28 million, a P/E ratio of -15.52 and a beta of 0.74. The company has a fifty day moving average price of $6.79 and a two-hundred day moving average price of $6.25.

Ultralife (NASDAQ:ULBIGet Free Report) last posted its quarterly earnings results on Friday, May 8th. The technology company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.18). Ultralife had a negative net margin of 4.37% and a positive return on equity of 1.15%. The company had revenue of $47.45 million during the quarter, compared to the consensus estimate of $52.40 million.

Institutional Investors Weigh In On Ultralife

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Janney Montgomery Scott LLC increased its stake in Ultralife by 2.0% in the first quarter. Janney Montgomery Scott LLC now owns 518,000 shares of the technology company’s stock valued at $3,377,000 after purchasing an additional 10,200 shares in the last quarter. Empowered Funds LLC bought a new stake in shares of Ultralife during the fourth quarter worth about $44,000. XTX Topco Ltd increased its position in shares of Ultralife by 19.9% during the fourth quarter. XTX Topco Ltd now owns 15,456 shares of the technology company’s stock worth $88,000 after acquiring an additional 2,569 shares in the last quarter. Rothschild Wealth LLC bought a new stake in shares of Ultralife during the fourth quarter worth about $400,000. Finally, Heron Bay Capital Management bought a new stake in shares of Ultralife during the fourth quarter worth about $127,000. 30.68% of the stock is owned by institutional investors.

Ultralife Company Profile

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Ultralife Corporation (NASDAQ: ULBI) develops, manufactures and sells a broad range of energy and communications products for defense, medical, automotive and consumer electronics markets. The company operates through two primary segments: Power Systems and Communications Systems. In its Power Systems segment, Ultralife produces lithium-ion rechargeable cells and battery packs, primary lithium batteries, alkaline and rechargeable battery packs, chargers and battery accessories designed to meet demanding performance and safety requirements.

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