5,800 Shares in Strattec Security Corporation (STRT) Acquired by GRT Capital Partners L.L.C.
GRT Capital Partners L.L.C. purchased a new position in Strattec Security Corporation (NASDAQ:STRT) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 5,800 shares of the auto parts company’s stock, valued at approximately $205,000. GRT Capital Partners L.L.C. owned approximately 0.16% of Strattec Security Corporation as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in STRT. FMR LLC lifted its stake in Strattec Security Corporation by 27.3% in the 1st quarter. FMR LLC now owns 412,800 shares of the auto parts company’s stock worth $11,476,000 after purchasing an additional 88,400 shares in the last quarter. Algert Global LLC purchased a new stake in Strattec Security Corporation in the 2nd quarter worth $552,000. Uniplan Investment Counsel Inc. lifted its stake in Strattec Security Corporation by 11.2% in the 2nd quarter. Uniplan Investment Counsel Inc. now owns 148,769 shares of the auto parts company’s stock worth $5,266,000 after purchasing an additional 15,036 shares in the last quarter. Russell Investments Group Ltd. purchased a new stake in Strattec Security Corporation in the 2nd quarter worth $480,000. Finally, Municipal Employees Retirement System of Michigan purchased a new stake in Strattec Security Corporation in the 2nd quarter worth $365,000. Institutional investors and hedge funds own 83.15% of the company’s stock.
In other Strattec Security Corporation news, insider Patrick J. Hansen sold 1,000 shares of the stock in a transaction on Friday, September 1st. The shares were sold at an average price of $35.40, for a total transaction of $35,400.00. Following the transaction, the insider now directly owns 10,950 shares of the company’s stock, valued at $387,630. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 6.80% of the stock is currently owned by company insiders.
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Shares of Strattec Security Corporation (NASDAQ:STRT) opened at 37.40 on Friday. The firm has a 50-day moving average of $34.95 and a 200 day moving average of $32.36. Strattec Security Corporation has a 52 week low of $23.00 and a 52 week high of $44.43. The stock has a market cap of $134.49 million, a PE ratio of 19.08 and a beta of 1.55.
Strattec Security Corporation (NASDAQ:STRT) last released its quarterly earnings results on Thursday, August 10th. The auto parts company reported $0.48 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.60 by ($0.12). The firm had revenue of $108.43 million for the quarter. Strattec Security Corporation had a net margin of 1.72% and a return on equity of 4.43%. On average, equities analysts forecast that Strattec Security Corporation will post $2.08 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be given a dividend of $0.14 per share. The ex-dividend date is Thursday, September 14th. This represents a $0.56 annualized dividend and a yield of 1.50%. Strattec Security Corporation’s dividend payout ratio is presently 28.57%.
About Strattec Security Corporation
Strattec Security Corporation designs, develops, manufactures and markets automotive access control products. The Company offers access control products, including mechanical locks and keys, electronically enhanced locks and keys, steering column and instrument panel ignition lock housings, latches, power sliding side door systems, power lift gate systems, power deck lid systems, door handles and related products for North American automotive customers.
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