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

SATA Technology Co., Ltd. (NASDAQ:SATA) announced a dividend on Tuesday, September 15th. Shareholders of record on Tuesday, October 20th will be paid a dividend of $0.0516 per share on Wednesday, October 21st. The ex-dividend date of this dividend is Tuesday, October 20th.

SATA Technology Stock Down 1.0%

SATA opened at $96.89 on Friday. SATA Technology has a 1-year low of $79.01 and a 1-year high of $101.35. The company has a 50-day moving average of $99.71.

Insider Activity at SATA Technology

In other news, insider Brian Logan Beirne sold 20,077 shares of the company’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 $629,012.41. Following the transaction, the insider directly owned 41,425 shares in the company, valued at approximately $1,297,845.25. This represents a 32.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 the stock in a transaction that occurred on Monday, October 5th. The shares were sold at an average price of $30.32, for a total transaction of $203,144.00. Following the sale, the director directly owned 8,115 shares in the company, valued at $246,046.80. This trade represents a 45.22% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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.