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. Stockholders 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.

SATA Technology Stock Performance

Shares of SATA traded down $0.96 during midday trading on Friday, reaching $96.89. 588,706 shares of the stock were exchanged, compared to its average volume of 328,228. The firm has a 50 day moving average of $99.71. SATA Technology has a twelve month low of $79.01 and a twelve month high of $101.35.

Insider Buying and Selling at SATA Technology

In related news, insider Brian Logan Beirne sold 20,077 shares of the firm’s stock in a transaction dated Monday, October 5th. The shares were sold at an average price of $31.33, for a total transaction of $629,012.41. Following the transaction, the insider directly owned 41,425 shares of the company’s stock, valued at approximately $1,297,845.25. This trade represents a 32.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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 SATA Technology stock in a transaction dated 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 sale, the director owned 8,115 shares of the company’s stock, valued at $246,046.80. This trade represents a 45.22% decrease in their position. The SEC filing for this sale provides additional information. Insiders 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.