SATA Technology Co., Ltd. (NASDAQ:SATA – Get Free Report) declared a dividend on Sunday, October 18th. Shareholders of record on Friday, November 27th will be paid a dividend of $0.0571 per share on Monday, November 30th. The ex-dividend date is Friday, November 27th. This is a 10.7% increase from SATA Technology’s previous dividend of $0.0516.
SATA Technology Stock Up 0.2%
NASDAQ:SATA traded up $0.23 during trading hours on Monday, reaching $97.12. 49,807 shares of the company were exchanged, compared to its average volume of 326,656. The company’s 50 day moving average is $99.71. SATA Technology has a 52-week low of $79.01 and a 52-week high of $101.35.
Insider Activity
In other news, CFO Benjamin Pham sold 4,209 shares of the company’s stock in a transaction dated Monday, October 5th. The stock was sold at an average price of $31.33, for a total value of $131,867.97. Following the completion of the sale, the chief financial officer owned 17,365 shares of the company’s stock, valued at $544,045.45. This represents a 19.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Jonathan R. Macey sold 6,700 shares of the stock in a transaction that occurred on Monday, October 5th. The shares were sold at an average price of $30.32, for a total transaction of $203,144.00. Following the completion of the sale, the director directly owned 8,115 shares of the company’s stock, valued at $246,046.80. This trade represents a 45.22% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 42,620 shares of company stock worth $1,325,038 in the last quarter.
About SATA Technology
Strive Asset Management, LLC is a privately owned investment manager. It primarily provides its services to investment companies. The firm is a large advisory firm, an investment adviser to an investment company which provides portfolio management for investment companies. The firm invests in exchange traded funds. The firm conducts in-house research to make its investments. Strive Asset Management, LLC was founded in 2022 and is based in Dallas, Texas.
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