SATA Technology Co., Ltd. (NASDAQ:SATA) Shares Set to Pay Dividend of $0.06

SATA Technology Co., Ltd. (NASDAQ:SATA) announced a dividend on Wednesday, October 21st. 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 of this dividend is Friday, November 27th.

SATA Technology Stock Down 0.5%

NASDAQ SATA traded down $0.50 on Thursday, reaching $97.66. The stock had a trading volume of 112,057 shares, compared to its average volume of 329,286. The company’s fifty day moving average price is $99.61. SATA Technology has a 12-month low of $79.01 and a 12-month high of $101.35.

Insider Activity

In related news, insider Brian Logan Beirne sold 20,077 shares of the firm’s stock in a transaction dated Monday, October 5th. The stock was sold at an average price of $31.33, for a total transaction of $629,012.41. Following the completion of the transaction, the insider directly owned 41,425 shares in the company, valued at $1,297,845.25. This trade represents a 32.64% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 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 shares were sold at an average price of $30.32, for a total value of $203,144.00. Following the completion of the transaction, the director directly owned 8,115 shares of the company’s stock, valued at approximately $246,046.80. This represents a 45.22% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 42,620 shares of company stock worth $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.