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

SATA Technology Co., Ltd. (NASDAQ:SATA) announced a dividend on Monday, October 19th. 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 Performance

NASDAQ:SATA traded up $0.94 during trading hours on Tuesday, reaching $98.75. 579,612 shares of the company traded hands, compared to its average volume of 329,033. The firm’s 50-day simple moving average is $99.66. SATA Technology has a 1-year low of $79.01 and a 1-year high of $101.35.

Insiders Place Their Bets

In other news, CFO Benjamin Pham sold 4,209 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 value of $131,867.97. Following the sale, the chief financial officer directly owned 17,365 shares in the company, valued at $544,045.45. This represents a 19.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Brian Logan Beirne sold 20,077 shares of the stock in a transaction on Monday, October 5th. The shares were sold at an average price of $31.33, for a total value of $629,012.41. Following the sale, the insider directly owned 41,425 shares in the company, valued at approximately $1,297,845.25. The trade was a 32.64% 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 three months, insiders sold 42,620 shares of company stock valued at $1,325,038.

About SATA Technology

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.