Key Points
- Director Jarrod Patten sold 2,750 shares of STRC on May 11 at an average price of $191.59, totaling about $526,872.50. After the sale, he still held 28,000 shares valued at roughly $5.36 million.
- Strategy Inc announced a monthly dividend of $0.9583, payable May 31 to shareholders of record on May 15. The payout implies an annualized yield of about 11.5%, slightly down from the prior monthly dividend of $0.96.
- An institutional investor, Ethos Financial Group LLC, increased its stake in STRC by 198.7% in the first quarter, bringing its holdings to 7,530 shares. Institutional investors and hedge funds now own about 26.02% of the stock.
Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock (NASDAQ:STRC - Get Free Report) Director Jarrod Patten sold 1,000 shares of Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $186.69, for a total transaction of $186,690.00. Following the completion of the sale, the director directly owned 28,000 shares in the company, valued at approximately $5,227,320. The trade was a 3.45% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock Trading Down 0.0%
Shares of NASDAQ:STRC opened at $99.99 on Wednesday. The stock has a market capitalization of $2.59 billion, a PE ratio of -22.22 and a beta of 3.25. Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock has a fifty-two week low of $90.52 and a fifty-two week high of $100.42.
Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock Increases Dividend
The company also recently announced a monthly dividend, which will be paid on Sunday, May 31st. Stockholders of record on Friday, May 15th will be issued a $0.9583 dividend. The ex-dividend date of this dividend is Friday, May 15th. This is a positive change from Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock's previous monthly dividend of $0.96. This represents a c) annualized dividend and a dividend yield of 11.5%.
Institutional Trading of Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock
A hedge fund recently raised its stake in Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock stock. Ethos Financial Group LLC lifted its stake in Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock (NASDAQ:STRC - Free Report) by 198.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,530 shares of the company's stock after purchasing an additional 5,009 shares during the period. Ethos Financial Group LLC's holdings in Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock were worth $753,000 as of its most recent SEC filing. Institutional investors and hedge funds own 26.02% of the company's stock.
About Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock
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Get Free Report)
Strategy Inc is a bitcoin treasury company and a provider of business intelligence services. It is designed to provide investors varying degrees of economic exposure to Bitcoin by offering a range of securities, including equity and fixed-income instruments. The company also provides industry AI-powered enterprise analytics software. It has one reportable operating segment: the Software Business, which is engaged in the design, development, marketing, and sales of the company's enterprise analytics software platform through cloud subscriptions and licensing arrangements and related services (i.e., product support, consulting, and education).
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