Universal Electronics Inc. (NASDAQ:UEIC – Get Free Report) insider Toro 18 Holdings Llc sold 3,900 shares of the business’s stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $4.55, for a total value of $17,745.00. Following the sale, the insider owned 1,231,832 shares in the company, valued at $5,604,835.60. This represents a 0.32% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Toro 18 Holdings Llc also recently made the following trade(s):
- On Wednesday, September 2nd, Toro 18 Holdings Llc sold 42,019 shares of Universal Electronics stock. The shares were sold at an average price of $4.61, for a total value of $193,707.59.
- On Wednesday, August 19th, Toro 18 Holdings Llc sold 8,300 shares of Universal Electronics stock. The stock was sold at an average price of $4.83, for a total value of $40,089.00.
- On Tuesday, August 18th, Toro 18 Holdings Llc sold 15,000 shares of Universal Electronics stock. The shares were sold at an average price of $4.95, for a total transaction of $74,250.00.
- On Monday, August 17th, Toro 18 Holdings Llc sold 43,596 shares of Universal Electronics stock. The shares were sold at an average price of $5.25, for a total transaction of $228,879.00.
- On Monday, August 10th, Toro 18 Holdings Llc sold 200,000 shares of Universal Electronics stock. The shares were sold at an average price of $5.22, for a total transaction of $1,044,000.00.
Universal Electronics Stock Performance
Shares of NASDAQ:UEIC opened at $4.71 on Friday. Universal Electronics Inc. has a 52 week low of $2.69 and a 52 week high of $5.99. The firm has a market cap of $60.71 million, a PE ratio of -4.06 and a beta of 1.18. The firm’s fifty day moving average is $4.74 and its 200-day moving average is $4.33.
Universal Electronics Dividend Announcement
The business also recently announced a special dividend, which will be paid on Thursday, October 15th. Investors of record on Monday, August 24th will be issued a $0.24 dividend. The ex-dividend date is Monday, August 24th.
Hedge Funds Weigh In On Universal Electronics
Institutional investors have recently made changes to their positions in the stock. NewEdge Advisors LLC bought a new stake in Universal Electronics in the 3rd quarter valued at about $64,000. GSA Capital Partners LLP acquired a new stake in Universal Electronics in the second quarter valued at approximately $83,000. Hsbc Holdings PLC acquired a new position in shares of Universal Electronics during the second quarter worth approximately $108,000. Quadrature Capital Ltd grew its position in Universal Electronics by 47.6% in the 4th quarter. Quadrature Capital Ltd now owns 24,957 shares of the technology company’s stock valued at $90,000 after purchasing an additional 8,044 shares during the period. Finally, Prelude Capital Management LLC increased its stake in Universal Electronics by 88.7% during the 3rd quarter. Prelude Capital Management LLC now owns 29,161 shares of the technology company’s stock valued at $136,000 after purchasing an additional 13,705 shares in the last quarter. Institutional investors and hedge funds own 79.35% of the company’s stock.
Wall Street Analyst Weigh In
A number of brokerages have recently issued reports on UEIC. Rosenblatt Securities restated a “neutral” rating and issued a $5.00 price target on shares of Universal Electronics in a research report on Friday, August 7th. Wall Street Zen lowered shares of Universal Electronics from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Finally, Weiss Ratings raised shares of Universal Electronics from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, June 23rd. Two research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Universal Electronics currently has a consensus rating of “Reduce” and a consensus price target of $4.25.
View Our Latest Research Report on Universal Electronics
Universal Electronics Company Profile
Universal Electronics Inc (NASDAQ:UEIC) is a leading provider of sensing and control technologies for the smart home and consumer electronics markets. The company specializes in design, development and manufacturing of remote control devices, wireless connectivity modules and integrated sensing solutions. Its core expertise lies in infrared (IR) and radio frequency (RF) remote controls, voice-enabled control devices and universal remotes that allow consumers to manage multiple home entertainment and automation systems through a single interface.
In addition to traditional remote control products, Universal Electronics has expanded its portfolio to include Internet of Things (IoT) gateways, home-automation hubs and cloud-based management platforms.
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