ExodusPoint Capital Management LP Makes New $546,000 Investment in Ubiquiti Inc. (NYSE:UI)

ExodusPoint Capital Management LP acquired a new stake in Ubiquiti Inc. (NYSE:UI – Get Rating) in the 3rd quarter, HoldingsChannel reports. The fund acquired 1,861 shares of the company’s stock, valued at approximately $546,000.

Several other hedge funds have also added to or reduced their stakes in UI. Royal London Asset Management Ltd. boosted its stake in shares of Ubiquiti by 522.5% during the second quarter. Royal London Asset Management Ltd. now owns 1,606 shares of the company’s stock valued at $399,000 after purchasing an additional 1,348 shares in the last quarter. Sandy Spring Bank bought a new stake in shares of Ubiquiti during the third quarter valued at approximately $30,000. Illinois Municipal Retirement Fund increased its holdings in shares of Ubiquiti by 39.6% during the second quarter. Illinois Municipal Retirement Fund now owns 6,516 shares of the company’s stock valued at $1,617,000 after acquiring an additional 1,849 shares in the last quarter. Denali Advisors LLC bought a new stake in Ubiquiti during the third quarter worth $29,000. Finally, BetterWealth LLC bought a new stake in Ubiquiti during the third quarter worth $294,000. Institutional investors and hedge funds own 3.59% of the company’s stock.

Ubiquiti Trading Up 0.4 %

Shares of Ubiquiti stock opened at $269.64 on Tuesday. The firm has a market capitalization of $16.30 billion, a PE ratio of 46.89 and a beta of 1.30. Ubiquiti Inc. has a 12 month low of $218.15 and a 12 month high of $350.63. The business’s 50-day moving average price is $280.98 and its 200-day moving average price is $295.10.

Ubiquiti Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 21st. Stockholders of record on Monday, February 13th were paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date of this dividend was Friday, February 10th. Ubiquiti’s payout ratio is presently 41.74%.

Wall Street Analyst Weigh In

Separately, Barclays boosted their price objective on Ubiquiti from $221.00 to $266.00 and gave the stock an “underweight” rating in a research report on Monday, February 6th.

Ubiquiti Company Profile

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Ubiquiti, Inc is focused on democratizing network technology on a global scale. It sells networking equipment and provides related software platforms. The firm develops technology platforms for high-capacity distributed Internet access, unified information technology, and consumer electronics for professional, home, and personal use.