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

SATA Technology Co., Ltd. (NASDAQ:SATA) announced a dividend on Tuesday, October 20th. 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.

SATA Technology Stock Performance

NASDAQ SATA traded down $0.59 on Wednesday, hitting $98.16. The company’s stock had a trading volume of 503,636 shares, compared to its average volume of 330,442. SATA Technology has a 52-week low of $79.01 and a 52-week high of $101.35. The firm’s 50-day simple moving average is $99.61.

Insider Buying and Selling

In other news, Director James Lavish sold 6,000 shares of the company’s stock in a transaction dated Monday, October 5th. The shares were sold at an average price of $30.75, for a total value of $184,500.00. Following the sale, the director directly owned 8,815 shares of the company’s stock, valued at $271,061.25. This represents a 40.50% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Benjamin Pham sold 4,209 shares of the company’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 $131,867.97. Following the completion of the sale, the chief financial officer owned 17,365 shares in the company, valued at approximately $544,045.45. This trade represents a 19.51% decrease in their position. The SEC filing for this sale provides additional information. 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 over the last 90 days.

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.