Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock (NASDAQ:STRC – Get Free Report) announced a dividend on Monday, October 19th. Stockholders of record on Monday, November 30th will be given a dividend of $0.04 per share on Tuesday, December 1st. The ex-dividend date is Monday, November 30th. This is a 33.3% increase from Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock’s previous dividend of $0.03.
Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock Stock Up 0.1%
Shares of STRC stock traded up $0.09 on Tuesday, hitting $98.71. 1,307,782 shares of the company’s stock traded hands, compared to its average volume of 2,337,255. Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock has a one year low of $71.25 and a one year high of $100.42. The firm’s fifty day moving average is $97.93. The stock has a market cap of $2.56 billion, a PE ratio of -21.94 and a beta of 3.25.
Insider Activity
In other news, Director Jarrod Patten sold 2,775 shares of Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $125.33, for a total value of $347,790.75. Following the completion of the sale, the director directly owned 28,406 shares in the company, valued at $3,560,123.98. The trade was a 8.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders sold 14,100 shares of company stock worth $1,815,669 over the last 90 days. Corporate insiders own 18.30% of the company’s stock.
Hedge Funds Weigh In On Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock
An institutional investor recently bought a new position in Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock stock. Sterling Investment Advisors Ltd. acquired a new position in Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock (NASDAQ:STRC – Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 2,525 shares of the company’s stock, valued at approximately $214,000. 26.02% of the stock is currently owned by institutional investors and hedge funds.
About Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock
Strategy Inc, formerly known as MicroStrategy Incorporated, develops enterprise analytics and business intelligence software. Its platform is designed to help organizations access, analyze, visualize and distribute data for reporting, decision-making and operational oversight. The company serves business customers across a range of industries and supports deployments through cloud-based and other enterprise delivery models.
Strategy has also established a significant digital asset treasury strategy centered on bitcoin.
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