Trade Report: The Ultralife Corp. (ULBI) Issues Quarterly Earnings Results

The Ultralife Corp. (ULBI) Issues Quarterly  Earnings Results

Ultralife Corp. (NASDAQ:ULBI) posted its earnings results on Thursday. The company reported $0.07 EPS for the quarter. Ultralife Corp. had a return on equity of 3.88% and a net margin of 2.83%.

Ultralife Corp. (NASDAQ:ULBI) opened at 4.15 on Monday. The company has a market capitalization of $63.08 million, a P/E ratio of 29.43 and a beta of -0.06. Ultralife Corp. has a 52-week low of $3.73 and a 52-week high of $7.61. The stock’s 50 day moving average price is $4.14 and its 200-day moving average price is $4.49.

In related news, Director Bradford T. Whitmore purchased 49,985 shares of Ultralife Corp. stock in a transaction that occurred on Thursday, August 4th. The stock was bought at an average cost of $4.18 per share, for a total transaction of $208,937.30. Following the completion of the transaction, the director now owns 197,486 shares in the company, valued at $825,491.48. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Bradford T. Whitmore purchased 50,000 shares of Ultralife Corp. stock in a transaction that occurred on Friday, September 9th. The shares were bought at an average price of $4.15 per share, with a total value of $207,500.00. Following the completion of the transaction, the director now owns 293,023 shares of the company’s stock, valued at approximately $1,216,045.45. The disclosure for this purchase can be found here. Corporate insiders own 37.00% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. GSA Capital Partners LLP boosted its position in shares of Ultralife Corp. by 1.4% in the second quarter. GSA Capital Partners LLP now owns 22,500 shares of the company’s stock valued at $113,000 after buying an additional 300 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of Ultralife Corp. by 3.0% in the first quarter. Renaissance Technologies LLC now owns 124,100 shares of the company’s stock valued at $635,000 after buying an additional 3,600 shares in the last quarter. Global X Management Co. LLC boosted its position in shares of Ultralife Corp. by 113.4% in the second quarter. Global X Management Co. LLC now owns 174,552 shares of the company’s stock valued at $875,000 after buying an additional 92,760 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of Ultralife Corp. by 3.2% in the second quarter. Vanguard Group Inc. now owns 311,818 shares of the company’s stock valued at $1,562,000 after buying an additional 9,800 shares in the last quarter. Institutional investors own 21.89% of the company’s stock.

About Ultralife Corp.

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