North Star Investment Management Corp. recently upgraded its stake in Universal Security Instruments, Inc. (NYSEMKT:UUU) to 258,300 shares worth. According to a filing with the SEC, the position represents 11.3% of the company and was increased by 55,100 shares. At the current price of Universal Securities’ stock, the value of the position amounts to $1.1 million.
For the last quarter, Universal Security Instruments announced sales worth over $3 million, almost unchanged in year-on-year terms. The net loss of the company however narrowed to $19,500, or $0.01 per share, from a net loss of around $362,600, equivalent to $0.16 per share reported for the first quarter of the previous fiscal year, the company said in a statement. Universal Security Instruments is engaged in design and sale of various products for safety and security such as smoke alarms, CO alarms and other similar products.
In addition to North Star Investment Management Corp, Renaissance Technologies, managed by Jim Simons, and Gregory Fraser, Rudolph Kluiber, and Timothy Kroch’s Grt Capital Partners are a couple names that have been in and out of this stock over the past year. Check out their positional histories through the links above.
Glenn Greenberg, Brave Warrior Capital Reduce Higher One Stake
Fosun International Thinks Perfect World Is Perfect
SteelMill Master Fund Now Holds +5% of Cheniere Energy