Denali Advisors LLC Makes New $2.82 Million Investment in Ubiquiti Inc. (NYSE:UI)

Denali Advisors LLC purchased a new position in shares of Ubiquiti Inc. (NYSE:UI) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 23,800 shares of the company’s stock, valued at approximately $2,815,000.

Shares of NYSE:UI traded up $5.29 on Wednesday, hitting $119.94. The stock had a trading volume of 371,113 shares, compared to its average volume of 386,767. Ubiquiti Inc. has a twelve month low of $82.72 and a twelve month high of $174.95. The company has a debt-to-equity ratio of 4.68, a quick ratio of 2.73 and a current ratio of 4.21. The company has a market capitalization of $8.00 billion, a PE ratio of 25.30, a P/E/G ratio of 2.36 and a beta of 1.22.

Ubiquiti (NYSE:UI) last issued its earnings results on Friday, August 9th. The company reported $1.18 EPS for the quarter. Ubiquiti had a net margin of 27.78% and a return on equity of 206.17%. The company had revenue of $286.64 million for the quarter. On average, analysts forecast that Ubiquiti Inc. will post 5.52 EPS for the current year.

A number of equities research analysts have weighed in on UI shares. Zacks Investment Research downgraded shares of Ubiquiti from a “buy” rating to a “hold” rating in a research note on Saturday, September 14th. ValuEngine downgraded shares of Ubiquiti from a “hold” rating to a “sell” rating in a research note on Saturday. Finally, BWS Financial started coverage on shares of Ubiquiti in a research note on Wednesday. They set a “buy” rating on the stock.

Ubiquiti Company Profile

Ubiquiti Inc develops networking technology for service providers, enterprises, and consumers worldwide. It 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 enterprise product platforms provide wireless LAN infrastructure, video surveillance products, switching and routing solutions, security gateways, and other WLAN products, as well as offers consumer products under the Ubiquiti Labs brand name.

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