SATA Technology Co., Ltd. (NASDAQ:SATA) Shareholders Set to Receive $0.06 Dividend

SATA Technology Co., Ltd. (NASDAQ:SATA) announced a dividend on Saturday, October 17th. 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 of this dividend is Friday, November 27th.

SATA Technology Price Performance

Shares of SATA Technology stock traded down $0.96 during trading hours on Friday, reaching $96.89. 588,706 shares of the company’s stock were exchanged, compared to its average volume of 328,228. The business’s 50 day moving average is $99.71. SATA Technology has a fifty-two week low of $79.01 and a fifty-two week high of $101.35.

Insiders Place Their Bets

In other SATA Technology news, insider Brian Logan Beirne sold 20,077 shares of the firm’s stock in a transaction that occurred on Monday, October 5th. The stock was sold at an average price of $31.33, for a total value 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 business’s stock in a transaction that occurred on Monday, October 5th. The stock was sold at an average price of $30.32, for a total value of $203,144.00. Following the transaction, the director directly owned 8,115 shares in the company, 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 have sold 42,620 shares of company stock valued at $1,325,038 in the last quarter.

SATA Technology Company Profile

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.