CUI Global Inc (NASDAQ:CUI) Director Acquires $15,800.00 in Stock

CUI Global Inc (NASDAQ:CUI) Director James F. Oneil acquired 20,000 shares of CUI Global stock in a transaction that occurred on Wednesday, August 21st. The stock was acquired at an average cost of $0.79 per share, for a total transaction of $15,800.00. Following the purchase, the director now owns 330,331 shares of the company’s stock, valued at $260,961.49. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website.

CUI stock traded up $0.01 during midday trading on Friday, hitting $0.74. The stock had a trading volume of 16,434 shares, compared to its average volume of 55,079. The firm has a market cap of $21.22 million, a P/E ratio of -2.06 and a beta of 1.16. The company has a current ratio of 1.37, a quick ratio of 0.87 and a debt-to-equity ratio of 0.33. CUI Global Inc has a 1-year low of $0.63 and a 1-year high of $2.40. The business has a fifty day moving average price of $0.78 and a two-hundred day moving average price of $1.08.

Several brokerages recently weighed in on CUI. B. Riley reissued a “buy” rating on shares of CUI Global in a research note on Friday, May 17th. Lake Street Capital reduced their price objective on shares of CUI Global from $6.00 to $2.30 and set a “buy” rating on the stock in a research note on Thursday, May 16th. Finally, ValuEngine raised shares of CUI Global from a “hold” rating to a “buy” rating in a research note on Thursday, August 1st.

A number of hedge funds have recently added to or reduced their stakes in the stock. White Pine Capital LLC lifted its holdings in CUI Global by 1.9% in the first quarter. White Pine Capital LLC now owns 733,493 shares of the industrial products company’s stock valued at $866,000 after buying an additional 13,675 shares during the period. Cowen Prime Services LLC lifted its holdings in CUI Global by 7.3% in the second quarter. Cowen Prime Services LLC now owns 226,346 shares of the industrial products company’s stock valued at $186,000 after buying an additional 15,333 shares during the period. Marathon Capital Management lifted its holdings in CUI Global by 5.1% in the second quarter. Marathon Capital Management now owns 839,693 shares of the industrial products company’s stock valued at $690,000 after buying an additional 40,590 shares during the period. Grace & White Inc. NY lifted its holdings in CUI Global by 34.9% in the second quarter. Grace & White Inc. NY now owns 984,301 shares of the industrial products company’s stock valued at $809,000 after buying an additional 254,518 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in CUI Global by 79.8% in the second quarter. Vanguard Group Inc. now owns 1,131,929 shares of the industrial products company’s stock valued at $931,000 after buying an additional 502,500 shares during the period. Institutional investors and hedge funds own 41.82% of the company’s stock.

CUI Global Company Profile

CUI Global, Inc, through its subsidiaries, engages in the acquisition, development, and commercialization of power and electromechanical components worldwide. The company operates in two segments, Power and Electromechanical, and Energy. The Power and Electromechanical segment offers power solutions that consists of external and embedded ac-dc power supplies, dc-dc converters, and intelligent control of energy products; components, including connectors, speakers, and buzzers; and control solutions comprising encoders and sensors, which addresses power and related accessories to consumer electronics, medical, and defense industries.

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