SATA Technology Co., Ltd. (NASDAQ:SATA) Raises Dividend to $0.06 Per Share

by · The Cerbat Gem

SATA Technology Co., Ltd. (NASDAQ:SATA – Get Free Report) declared a dividend on Friday, October 16th. Shareholders of record on Friday, November 27th will be given a dividend of $0.0571 per share on Monday, November 30th. The ex-dividend date of this dividend is Friday, November 27th. This is a 10.7% increase from SATA Technology’s previous dividend of $0.0516.

SATA Technology Stock Down 1.0%

Shares of SATA traded down $0.96 during midday trading on Friday, hitting $96.89. 588,706 shares of the company traded hands, compared to its average volume of 328,228. The firm has a 50 day simple moving average of $99.71. SATA Technology has a 52 week low of $79.01 and a 52 week high of $101.35.

Insider Buying and Selling

In related news, Director Jonathan R. Macey sold 6,700 shares of the stock in a transaction that occurred on Monday, October 5th. The stock was sold at an average price of $30.32, for a total transaction of $203,144.00. Following the completion of the transaction, the director directly owned 8,115 shares of the company’s stock, valued at approximately $246,046.80. This represents a 45.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Brian Logan Beirne sold 20,077 shares of the firm’s stock in a transaction that occurred on Monday, October 5th. The shares were sold at an average price of $31.33, for a total value of $629,012.41. Following the transaction, the insider owned 41,425 shares of the company’s stock, valued at $1,297,845.25. This represents a 32.64% decrease in their position. 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. Insiders sold 42,620 shares of company stock valued at $1,325,038 in the last ninety days.

SATA Technology Company Profile

(Get Free Report)

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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