Raleigh Capital Management Inc. Has $95,000 Stake in Ubiquiti Inc. (NYSE:UI)

Raleigh Capital Management Inc. raised its position in shares of Ubiquiti Inc. (NYSE:UI) by 34.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 286 shares of the company’s stock after purchasing an additional 74 shares during the quarter. Raleigh Capital Management Inc.’s holdings in Ubiquiti were worth $95,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Huntington National Bank grew its holdings in shares of Ubiquiti by 267.6% during the third quarter. Huntington National Bank now owns 125 shares of the company’s stock valued at $28,000 after buying an additional 91 shares in the last quarter. Hanseatic Management Services Inc. purchased a new position in Ubiquiti during the 3rd quarter valued at about $76,000. Harvest Fund Management Co. Ltd purchased a new position in Ubiquiti during the 3rd quarter valued at about $126,000. Atria Investments Inc acquired a new position in shares of Ubiquiti in the 3rd quarter valued at about $210,000. Finally, DGS Capital Management LLC purchased a new stake in shares of Ubiquiti in the third quarter worth approximately $213,000. Hedge funds and other institutional investors own 4.00% of the company’s stock.

Wall Street Analyst Weigh In

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

Ubiquiti Trading Up 3.6 %

NYSE:UI opened at $431.65 on Friday. The company has a market capitalization of $26.10 billion, a P/E ratio of 66.82 and a beta of 1.14. The stock’s 50 day moving average price is $354.53 and its 200 day moving average price is $260.69. The company has a debt-to-equity ratio of 2.80, a quick ratio of 1.32 and a current ratio of 2.54. Ubiquiti Inc. has a 52 week low of $104.24 and a 52 week high of $432.56.

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

Ubiquiti Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Monday, November 18th were given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 0.56%. The ex-dividend date was Monday, November 18th. 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.