Toro 18 Holdings LLC sold a block of Universal Electronics Inc. shares totaling approximately 602.774$ across mid-September 2026 transactions, according to regulatory filings. The series of stock disposals lowered the collective holdings of the reporting group below the 10% threshold of the issuer’s outstanding common stock.
Inside the September Stock Disposals
According to securities filings, Toro 18 Holdings LLC offloaded 24,459 common shares on September 10, 2026, at a weighted average price of 4,6649$, with individual sale prices ranging from 4,62$ to 4,78$. The following day, on September 11, the entity sold an additional 105,541 shares at a weighted average price of 4,6302$, with prices spanning 4,60$ to 4,685$.
Prior transactions included the sale of 3,900 shares on September 3 at $4.55, 42,019 shares on September 2 at $4.61, and larger blocks sold throughout August, including 200,000 shares on August 10 at an average price of $5.22.
Reporting Group Threshold and Filing Requirements
Toro 18 Holdings LLC forms part of a reporting group that includes Immersion Corporation, William C. Martin, and Eric Singer, who also serves on the Universal Electronics board of directors. Following the mid-September sales, the reporting group collectively dropped below 10% ownership of the company’s outstanding common stock.
Consequently, Toro 18 Holdings LLC, Immersion Corporation, and William C. Martin are no longer required to file Form 4 reports with the Securities and Exchange Commission. Eric Singer will continue filing Form 4 disclosures as required by his position on the board.
Financial Performance and Market Context
Revenue for the quarter reached 73,2 millions$, missing the consensus forecast of $78.13 million and marking a 25% decline compared to the previous year. Investors responded primarily to the earnings rebound, cost-cutting initiatives, and management’s confirmation of the company’s annual financial outlook.
At the time of the September transactions, Universal Electronics stock traded at 4,79$, reflecting a 37,5% gain over the preceding six months and a 39,5% increase year-to-date. The company maintains a market capitalization of roughly $61.6 million, with shares trading near a 50-day moving average of $4.74 against a 52-week trading range of $2.69 to $5.99.
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