SATA Technology Co., Ltd. (NASDAQ:SATA) Announces Dividend of $0.05

SATA Technology Co., Ltd. (NASDAQ:SATA) declared a dividend on Saturday, October 10th. Investors of record on Thursday, October 22nd will be paid a dividend of $0.0516 per share on Friday, October 23rd. The ex-dividend date is Thursday, October 22nd.

SATA Technology Trading Up 1.0%

NASDAQ:SATA traded up $0.94 on Tuesday, reaching $98.75. The stock had a trading volume of 581,701 shares, compared to its average volume of 329,468. The stock’s fifty day simple moving average is $99.66. SATA Technology has a 12-month low of $79.01 and a 12-month high of $101.35.

Insider Buying and Selling at SATA Technology

In other news, Director Jonathan R. Macey sold 6,700 shares of the business’s stock in a transaction that occurred on 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 owned 8,115 shares of the company’s stock, valued at $246,046.80. The trade was a 45.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CMO Arshia Sarkhani sold 5,634 shares of the business’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 $176,513.22. Following the completion of the transaction, the chief marketing officer directly owned 11,795 shares of the company’s stock, valued at approximately $369,537.35. This represents a 32.33% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders sold 42,620 shares of company stock valued at $1,325,038.

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.