SATA Technology Co., Ltd. (NASDAQ:SATA) Plans Dividend of $0.06

SATA Technology Co., Ltd. (NASDAQ:SATA) declared a dividend on Sunday, October 18th. 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 is Friday, November 27th. This is a 10.7% increase from SATA Technology’s previous dividend of $0.0516.

SATA Technology Trading Up 0.2%

Shares of SATA Technology stock traded up $0.23 during trading on Monday, hitting $97.12. 49,807 shares of the company were exchanged, compared to its average volume of 326,656. SATA Technology has a 1-year low of $79.01 and a 1-year high of $101.35. The stock has a fifty day moving average price of $99.71.

Insiders Place Their Bets

In related news, Director Jonathan R. Macey sold 6,700 shares of the stock in a transaction that occurred 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 sale, 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. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director James Lavish sold 6,000 shares of SATA Technology stock in a transaction that occurred on Monday, October 5th. The stock was sold at an average price of $30.75, for a total transaction of $184,500.00. Following the transaction, the director directly owned 8,815 shares in the company, valued at $271,061.25. The trade was a 40.50% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 42,620 shares of company stock worth $1,325,038 over the last ninety days.

About SATA Technology

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.