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

SATA Technology Co., Ltd. (NASDAQ:SATA) announced a dividend on Sunday, October 18th. Shareholders 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. This is a 10.7% increase from SATA Technology’s previous dividend of $0.0516.

SATA Technology Stock Up 0.2%

SATA stock traded up $0.23 during midday trading on Monday, hitting $97.12. 49,807 shares of the company traded hands, compared to its average volume of 326,656. SATA Technology has a twelve month low of $79.01 and a twelve month high of $101.35. The firm’s 50 day simple moving average is $99.71.

Insiders Place Their Bets

In other news, Director James Lavish sold 6,000 shares of the business’s stock in a transaction on Monday, October 5th. The shares were sold at an average price of $30.75, for a total value of $184,500.00. Following the completion of the sale, the director directly owned 8,815 shares in the company, valued at approximately $271,061.25. The trade was a 40.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Brian Logan Beirne sold 20,077 shares of the company’s stock in a transaction on Monday, October 5th. The stock was sold at an average price of $31.33, for a total transaction of $629,012.41. Following the sale, the insider directly owned 41,425 shares of the company’s stock, valued at approximately $1,297,845.25. This represents a 32.64% decrease in their ownership of the stock. 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 42,620 shares of company stock valued at $1,325,038 in 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.