Key Points
- CEO Phong Le bought 11,000 shares of Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock at an average price of $90.80, a purchase worth about $998,800. The filing shows Le now owns 11,000 shares after the transaction.
- The company also recently raised its monthly dividend to $0.9583 per share, payable July 15 to shareholders of record on June 30. That works out to an annualized dividend yield of about 13.0%.
- Institutional interest increased in the stock, with Ethos Financial Group LLC boosting its stake by 198.7% in the first quarter. The article also notes that institutional investors and hedge funds own about 26.02% of the shares.
Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock (NASDAQ:STRC - Get Free Report) CEO Phong Le acquired 11,000 shares of the business's stock in a transaction that occurred on Monday, June 22nd. The stock was acquired at an average cost of $90.80 per share, with a total value of $998,800.00. Following the completion of the acquisition, the chief executive officer owned 11,000 shares in the company, valued at $998,800. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Phong Le also recently made the following trade(s):
- On Tuesday, June 9th, Phong Le sold 5,522 shares of Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock stock. The shares were sold at an average price of $123.84, for a total transaction of $683,844.48.
- On Friday, June 5th, Phong Le sold 93,738 shares of Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock stock. The shares were sold at an average price of $118.73, for a total transaction of $11,129,512.74.
- On Friday, May 22nd, Phong Le bought 55 shares of Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock stock. The shares were acquired at an average cost of $99.41 per share, for a total transaction of $5,467.55.
Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock Trading Up 0.2%
NASDAQ:STRC opened at $88.79 on Tuesday. The stock has a market capitalization of $2.30 billion, a P/E ratio of -19.73 and a beta of 3.25. The stock's fifty day moving average is $97.66. Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock has a 1 year low of $82.53 and a 1 year high of $100.42.
Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock Increases Dividend
The business also recently declared a monthly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be given a $0.9583 dividend. This represents a c) annualized dividend and a dividend yield of 13.0%. This is a boost from Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock's previous monthly dividend of $0.96. The ex-dividend date is Tuesday, June 30th.
Institutional Trading of Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock
A hedge fund recently raised its position in Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock stock. Ethos Financial Group LLC raised its stake in shares of Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock (NASDAQ:STRC - Free Report) by 198.7% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. 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 at the end of the most recent reporting period. 26.02% of the stock is owned by institutional investors and hedge funds.
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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