Key Points
- Director Jarrod Patten sold 1,500 shares of Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock for about $286,275 at an average price of $190.85, leaving him with 28,000 shares after the sale.
- The company recently raised its monthly dividend to $0.9583 per share, which implies an annualized yield of 11.7%.
- Institutional ownership is growing: Ethos Financial Group LLC increased its stake by 198.7% in the first quarter, and institutions 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 1,500 shares of the company's stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $190.85, for a total value of $286,275.00. Following the completion of the sale, the director owned 28,000 shares in the company, valued at approximately $5,343,800. This represents a 5.08% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock Stock Performance
STRC opened at $98.61 on Tuesday. The company has a market capitalization of $2.55 billion, a P/E ratio of -21.91 and a beta of 3.25. Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock has a 1-year low of $90.52 and a 1-year high of $100.42.
Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock Increases Dividend
The company also recently declared a monthly dividend, which will be paid on Sunday, May 31st. Investors of record on Friday, May 15th will be issued a $0.9583 dividend. The ex-dividend date is Friday, May 15th. This represents a c) dividend on an annualized basis and a dividend yield of 11.7%. This is an increase from Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock's previous monthly dividend of $0.96.
Institutional Investors Weigh In On Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock
An institutional investor recently raised its position in Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock stock. Ethos Financial Group LLC boosted its stake in Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock (NASDAQ:STRC - Free Report) by 198.7% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,530 shares of the company's stock after buying an additional 5,009 shares during the quarter. 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 filing with the SEC. 26.02% of the stock is owned by institutional investors.
Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock Company Profile
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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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