Key Points
- Director Jarrod Patten sold 2,250 shares of Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock (NASDAQ:STRC) for about $374,332.50, trimming his stake by 7.44% to 28,000 shares.
- The company recently declared a monthly dividend of $0.9583 per share, payable May 31, reflecting an annualized yield of about 11.6%.
- Institutional ownership remains notable, with hedge funds and other institutions holding 26.02% of the stock; Ethos Financial Group LLC boosted its position by 198.7% in the first quarter.
Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock (NASDAQ:STRC - Get Free Report) Director Jarrod Patten sold 2,250 shares of the stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $166.37, for a total transaction of $374,332.50. Following the sale, the director directly owned 28,000 shares of the company's stock, valued at $4,658,360. This represents a 7.44% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock Stock Up 0.2%
Shares of STRC stock opened at $99.32 on Friday. Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock has a 12-month low of $90.52 and a 12-month high of $100.42. The firm has a market cap of $2.57 billion, a PE ratio of -22.07 and a beta of 3.25.
Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock Increases Dividend
The business also recently disclosed a monthly dividend, which will be paid on Sunday, May 31st. Stockholders of record on Friday, May 15th will be given a dividend of $0.9583 per share. 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 11.6%. The ex-dividend date of this dividend is Friday, May 15th.
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 lifted its stake in shares of 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 institutional investor owned 7,530 shares of the company's stock after acquiring 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 at the end of the most recent quarter. Hedge funds and other institutional investors own 26.02% of the company's stock.
Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock Company Profile
(
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).
Further Reading
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
