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

SATA Technology Co., Ltd. (NASDAQ:SATA) announced a dividend on Friday, October 16th. 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 is Friday, November 27th. This is a 10.7% increase from SATA Technology’s previous dividend of $0.0516.

SATA Technology Stock Performance

Shares of SATA traded down $0.96 during trading hours on Friday, hitting $96.89. 588,706 shares of the company were exchanged, compared to its average volume of 328,228. The company’s 50 day simple moving average is $99.71. SATA Technology has a 52 week low of $79.01 and a 52 week high of $101.35.

Insiders Place Their Bets

In related news, Director Pierre Rochard bought 15,900 shares of the firm’s stock in a transaction on Friday, August 14th. The stock was purchased at an average price of $12.54 per share, with a total value of $199,386.00. Following the completion of the transaction, the director directly owned 15,900 shares of the company’s stock, valued at $199,386. This trade represents a ? increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Jonathan R. Macey sold 6,700 shares of SATA Technology stock in a transaction that occurred 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 completion of the transaction, the director directly owned 8,115 shares in the company, valued at approximately $246,046.80. This represents a 45.22% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 42,620 shares of company stock worth $1,325,038 in the last three months.

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.