Key Points
- Director Jarrod Patten sold 15,050 shares of Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock for about $2.33 million on May 29, reducing his stake by nearly 35%.
- The stock was down 0.9% and last traded at $98.07, with a market cap of $2.54 billion and a 52-week range of $90.52 to $100.42.
- The company recently raised its monthly dividend to $0.9583 per share, implying an annualized yield of about 11.7%, while Ethos Financial Group LLC increased its stake 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 7,250 shares of the company's stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $147.74, for a total value of $1,071,115.00. Following the transaction, the director directly owned 28,000 shares of the company's stock, valued at approximately $4,136,720. This represents a 20.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock Trading Down 0.9%
Shares of NASDAQ STRC opened at $98.07 on Tuesday. 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. The stock has a market cap of $2.54 billion, a PE ratio of -21.79 and a beta of 3.25.
Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock Increases Dividend
The business also recently declared a monthly dividend, which was paid on Sunday, May 31st. Shareholders of record on Friday, May 15th were paid a $0.9583 dividend. This is an increase 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 yield of 11.7%. The ex-dividend date was Friday, May 15th.
Institutional Trading of 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 increased its stake in shares of Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock (NASDAQ:STRC - Free Report) by 198.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,530 shares of the company's stock after acquiring 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 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
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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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