GSA Capital Partners LLP Sells 3,916 Shares of Ubiquiti Inc. (NYSE:UI)

GSA Capital Partners LLP decreased its position in Ubiquiti Inc. (NYSE:UI) by 34.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,300 shares of the company’s stock after selling 3,916 shares during the quarter. GSA Capital Partners LLP’s holdings in Ubiquiti were worth $1,619,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of UI. nVerses Capital LLC bought a new stake in Ubiquiti in the 2nd quarter worth approximately $44,000. Raleigh Capital Management Inc. bought a new stake in Ubiquiti in the 3rd quarter worth approximately $47,000. Covestor Ltd increased its stake in Ubiquiti by 29.0% in the 1st quarter. Covestor Ltd now owns 516 shares of the company’s stock worth $60,000 after purchasing an additional 116 shares during the period. Hanseatic Management Services Inc. purchased a new position in Ubiquiti in the 3rd quarter worth approximately $76,000. Finally, EntryPoint Capital LLC increased its stake in Ubiquiti by 123.4% in the 1st quarter. EntryPoint Capital LLC now owns 735 shares of the company’s stock worth $85,000 after purchasing an additional 406 shares during the period. Institutional investors own 4.00% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Barclays lifted their price target on Ubiquiti from $104.00 to $236.00 and gave the stock an “underweight” rating in a research note on Monday. StockNews.com raised Ubiquiti from a “hold” rating to a “buy” rating in a research note on Monday. Finally, BWS Financial lifted their price target on Ubiquiti from $240.00 to $385.00 and gave the stock a “buy” rating in a research note on Monday.

Ubiquiti Price Performance

UI opened at $349.82 on Wednesday. The company has a debt-to-equity ratio of 2.80, a quick ratio of 1.59 and a current ratio of 2.54. Ubiquiti Inc. has a 52-week low of $104.24 and a 52-week high of $352.90. The stock has a market capitalization of $21.15 billion, a PE ratio of 54.15 and a beta of 1.13. The stock’s 50 day moving average price is $234.00 and its 200-day moving average price is $182.44.

Ubiquiti (NYSE:UI) last posted its earnings results on Friday, August 23rd. The company reported $1.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.91 by ($0.17). Ubiquiti had a net margin of 19.36% and a return on equity of 532.06%. The business had revenue of $507.50 million for the quarter, compared to analysts’ expectations of $538.23 million. Ubiquiti’s revenue was up 3.3% compared to the same quarter last year. On average, equities research analysts predict that Ubiquiti Inc. will post 7.09 EPS for the current year.

Ubiquiti Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 25th. Investors of record on Monday, November 18th will be paid a $0.60 dividend. The ex-dividend date of this dividend is Monday, November 18th. This represents a $2.40 annualized dividend and a yield of 0.69%. Ubiquiti’s payout ratio is 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.