Baader Bank Aktiengesellschaft Makes New Investment in Ubiquiti Inc. (NYSE:UI)

Baader Bank Aktiengesellschaft acquired a new stake in Ubiquiti Inc. (NYSE:UI) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 1,270 shares of the company’s stock, valued at approximately $422,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Pacer Advisors Inc. raised its stake in shares of Ubiquiti by 95.0% in the fourth quarter. Pacer Advisors Inc. now owns 61,825 shares of the company’s stock valued at $20,522,000 after acquiring an additional 30,118 shares in the last quarter. Blue Trust Inc. raised its position in Ubiquiti by 78.8% in the 4th quarter. Blue Trust Inc. now owns 143 shares of the company’s stock valued at $47,000 after purchasing an additional 63 shares in the last quarter. DGS Capital Management LLC boosted its stake in shares of Ubiquiti by 138.6% in the 4th quarter. DGS Capital Management LLC now owns 2,295 shares of the company’s stock valued at $762,000 after buying an additional 1,333 shares during the period. Impact Partnership Wealth LLC acquired a new position in shares of Ubiquiti during the fourth quarter worth about $318,000. Finally, Raleigh Capital Management Inc. increased its stake in shares of Ubiquiti by 34.9% during the fourth quarter. Raleigh Capital Management Inc. now owns 286 shares of the company’s stock worth $95,000 after buying an additional 74 shares during the period. Hedge funds and other institutional investors own 4.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on UI. BWS Financial boosted their price target on shares of Ubiquiti from $385.00 to $440.00 and gave the stock a “buy” rating in a report on Wednesday, January 15th. Barclays increased their target price on Ubiquiti from $104.00 to $236.00 and gave the company an “underweight” rating in a report on Monday, November 11th. Finally, StockNews.com raised Ubiquiti from a “hold” rating to a “buy” rating in a report on Sunday, November 17th.

Ubiquiti Trading Up 3.2 %

Shares of Ubiquiti stock opened at $397.81 on Friday. The company has a fifty day simple moving average of $361.29 and a 200-day simple moving average of $269.47. Ubiquiti Inc. has a 12-month low of $104.24 and a 12-month high of $438.12. The company has a current ratio of 2.54, a quick ratio of 1.32 and a debt-to-equity ratio of 2.80. The stock has a market cap of $24.06 billion, a price-to-earnings ratio of 61.58 and a beta of 1.14.

Ubiquiti (NYSE:UI) last issued its quarterly earnings data on Friday, November 8th. The company reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.75 by $0.37. Ubiquiti had a return on equity of 532.06% and a net margin of 19.36%. The company had revenue of $550.34 million for the quarter, compared to analyst estimates of $535.03 million. On average, equities analysts forecast that Ubiquiti Inc. will post 7.21 EPS for the current fiscal year.

Ubiquiti Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Monday, November 18th were paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 0.60%. The ex-dividend date of this dividend was Monday, November 18th. Ubiquiti’s dividend payout ratio is currently 37.15%.

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.