Insider Selling: Stratus Properties Inc. (NASDAQ:STRS) Major Shareholder Sells $37,843.00 in Stock

Stratus Properties Inc. (NASDAQ:STRS) major shareholder Oasis Management Co Ltd. sold 1,300 shares of Stratus Properties stock in a transaction on Wednesday, July 17th. The stock was sold at an average price of $29.11, for a total value of $37,843.00. Following the completion of the sale, the insider now directly owns 1,156,085 shares of the company’s stock, valued at approximately $33,653,634.35. The transaction was disclosed in a document filed with the SEC, which is available at this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Oasis Management Co Ltd. also recently made the following trade(s):

• On Friday, July 12th, Oasis Management Co Ltd. sold 1,041 shares of Stratus Properties stock. The stock was sold at an average price of $28.53, for a total transaction of $29,699.73.

Stratus Properties Stock Up 0.6 %

Shares of NASDAQ STRS opened at $27.99 on Friday. Stratus Properties Inc. has a 52-week low of $20.30 and a 52-week high of $30.66. The firm has a market capitalization of $226.16 million, a price-to-earnings ratio of -47.44 and a beta of 1.12. The stock has a 50 day moving average price of $25.04 and a 200 day moving average price of $23.83. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.16 and a current ratio of 1.16.

Stratus Properties (NASDAQ:STRS) last posted its quarterly earnings data on Tuesday, May 14th. The financial services provider reported $0.56 earnings per share (EPS) for the quarter. The firm had revenue of $26.51 million for the quarter. Stratus Properties had a negative net margin of 11.73% and a negative return on equity of 1.50%.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Stratus Properties from a “sell” rating to a “hold” rating in a report on Thursday.

Institutional Trading of Stratus Properties

Hedge funds and other institutional investors have recently modified their holdings of the stock. Pallas Capital Advisors LLC acquired a new stake in shares of Stratus Properties in the fourth quarter valued at $577,000. Tectonic Advisors LLC boosted its position in shares of Stratus Properties by 7.9% during the 4th quarter. Tectonic Advisors LLC now owns 36,198 shares of the financial services provider’s stock worth $1,045,000 after acquiring an additional 2,639 shares in the last quarter. Roanoke Asset Management Corp NY acquired a new position in Stratus Properties in the fourth quarter valued at approximately $202,000. Price T Rowe Associates Inc. MD grew its position in shares of Stratus Properties by 5.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 10,862 shares of the financial services provider’s stock valued at $248,000 after buying an additional 525 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of Stratus Properties by 0.3% during the first quarter. Vanguard Group Inc. now owns 408,565 shares of the financial services provider’s stock worth $9,328,000 after purchasing an additional 1,155 shares during the last quarter. 61.63% of the stock is owned by institutional investors and hedge funds.

About Stratus Properties

Stratus Properties Inc, a real estate company, engages in the entitlement, development, management, leasing, and sale of multi and single family residential and commercial real estate properties in the Austin, Texas area and other select markets in Texas. The company operates in two segments, Real Estate Operations and Leasing Operations.