Tower Research Capital LLC TRC Raises Holdings in Strattec Security Corp. (NASDAQ:STRT)

Tower Research Capital LLC TRC lifted its holdings in shares of Strattec Security Corp. (NASDAQ:STRT) by 69.7% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 1,968 shares of the auto parts company’s stock after acquiring an additional 808 shares during the period. Tower Research Capital LLC TRC owned approximately 0.05% of Strattec Security worth $39,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Dalton Greiner Hartman Maher & Co. purchased a new stake in shares of Strattec Security during the third quarter worth about $230,000. Renaissance Technologies LLC lifted its holdings in shares of Strattec Security by 7.0% during the second quarter. Renaissance Technologies LLC now owns 64,365 shares of the auto parts company’s stock worth $1,551,000 after purchasing an additional 4,200 shares during the period. BlackRock Inc. lifted its holdings in shares of Strattec Security by 2.5% during the second quarter. BlackRock Inc. now owns 105,313 shares of the auto parts company’s stock worth $2,538,000 after purchasing an additional 2,520 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Strattec Security by 2.3% during the second quarter. Vanguard Group Inc. now owns 157,276 shares of the auto parts company’s stock worth $3,791,000 after purchasing an additional 3,608 shares during the period. Finally, Gamco Investors INC. ET AL lifted its holdings in shares of Strattec Security by 5.0% during the third quarter. Gamco Investors INC. ET AL now owns 287,769 shares of the auto parts company’s stock worth $5,727,000 after purchasing an additional 13,658 shares during the period. Institutional investors and hedge funds own 73.93% of the company’s stock.

Strattec Security stock opened at $22.07 on Thursday. The company has a quick ratio of 1.27, a current ratio of 1.89 and a debt-to-equity ratio of 0.19. Strattec Security Corp. has a 52 week low of $18.51 and a 52 week high of $37.50. The company has a market capitalization of $84.02 million, a price-to-earnings ratio of 8.69 and a beta of 1.20. The stock has a 50-day moving average price of $22.25 and a 200 day moving average price of $22.31.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.54%. The ex-dividend date of this dividend is Thursday, December 12th.

In related news, VP Rolando Guillot sold 6,000 shares of Strattec Security stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $23.42, for a total transaction of $140,520.00. Following the completion of the sale, the vice president now owns 22,340 shares of the company’s stock, valued at $523,202.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 7.10% of the company’s stock.

Separately, ValuEngine raised Strattec Security from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd.

Strattec Security Profile

Strattec Security Corporation engages in the design, development, manufacture, and marketing of automotive access control products under the VAST brand primarily in the United States. The company offers mechanical locks and keys, electronically enhanced locks and keys, steering column and instrument panel ignition lock housings, latches, power sliding side door systems, power lift gate systems, power deck lid systems, door handles, and related products.

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Institutional Ownership by Quarter for Strattec Security (NASDAQ:STRT)

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