SATA Technology Co., Ltd. (NASDAQ:SATA – Get Free Report) declared a dividend on Saturday, October 10th. Shareholders of record on Thursday, October 22nd will be paid a dividend of $0.0516 per share on Friday, October 23rd. The ex-dividend date of this dividend is Thursday, October 22nd.
SATA Technology Price Performance
SATA stock traded up $0.30 during midday trading on Monday, reaching $99.40. 562,535 shares of the company were exchanged, compared to its average volume of 319,577. SATA Technology has a 1-year low of $79.01 and a 1-year high of $101.35.
Insiders Place Their Bets
In other news, Director Jonathan R. Macey sold 6,700 shares of the company’s stock in a transaction on Monday, October 5th. The shares were sold at an average price of $30.32, for a total value of $203,144.00. Following the completion of the transaction, the director owned 8,115 shares in the company, valued at approximately $246,046.80. This represents a 45.22% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Brian Logan Beirne sold 20,077 shares of the stock in a transaction on Monday, October 5th. The shares were sold at an average price of $31.33, for a total transaction of $629,012.41. Following the completion of the transaction, the insider directly owned 41,425 shares in the company, valued at $1,297,845.25. This trade represents a 32.64% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders have sold 42,620 shares of company stock worth $1,325,038.
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