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

SATA Technology Co., Ltd. (NASDAQ:SATA) declared a dividend on Monday, October 19th. Stockholders 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.

SATA Technology Price Performance

Shares of SATA traded up $0.94 during mid-day trading on Tuesday, hitting $98.75. The company’s stock had a trading volume of 581,443 shares, compared to its average volume of 329,467. The company has a 50-day moving average of $99.66. SATA Technology has a fifty-two week low of $79.01 and a fifty-two week high of $101.35.

Insider Activity

In related news, CFO Benjamin Pham sold 4,209 shares of the firm’s stock in a transaction that occurred on Monday, October 5th. The shares were sold at an average price of $31.33, for a total transaction of $131,867.97. Following the completion of the sale, the chief financial officer directly owned 17,365 shares in the company, valued at approximately $544,045.45. This trade represents a 19.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CMO Arshia Sarkhani sold 5,634 shares of the company’s stock in a transaction on Monday, October 5th. The shares were sold at an average price of $31.33, for a total value of $176,513.22. Following the completion of the transaction, the chief marketing officer directly owned 11,795 shares in the company, valued at $369,537.35. This represents a 32.33% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 42,620 shares of company stock valued at $1,325,038 in 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.