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

SATA Technology Co., Ltd. (NASDAQ:SATA) announced a dividend on Wednesday, October 21st. 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 is Friday, November 27th.

SATA Technology Trading Down 0.6%

Shares of SATA traded down $0.64 during trading hours on Thursday, reaching $97.52. 178,551 shares of the company’s stock traded hands, compared to its average volume of 329,637. The firm’s 50 day simple moving average is $99.61. SATA Technology has a 12 month low of $79.01 and a 12 month high of $101.35.

Insiders Place Their Bets

In other news, Director Jonathan R. Macey sold 6,700 shares of the firm’s stock in a transaction on Monday, October 5th. The shares were sold at an average price of $30.32, for a total transaction of $203,144.00. Following the sale, the director owned 8,115 shares in the company, valued at approximately $246,046.80. This trade represents a 45.22% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director James Lavish sold 6,000 shares of SATA Technology stock in a transaction 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 sale, the director directly owned 8,815 shares of the company’s stock, valued at $271,061.25. This represents a 40.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 42,620 shares of company stock valued at $1,325,038 over the last three months.

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.