Short Interest in Strattec Security Co. (NASDAQ:STRT) Decreases By 20.3% | MarketBeat

2022-06-04 02:37:12 By : Ms. Kayla Hu

Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools:

Strattec Security Co. (NASDAQ:STRT - Get Rating) was the recipient of a significant decrease in short interest in the month of May. As of May 15th, there was short interest totalling 10,600 shares, a decrease of 20.3% from the April 30th total of 13,300 shares. Currently, 0.3% of the shares of the company are short sold. Based on an average daily trading volume, of 11,500 shares, the short-interest ratio is presently 0.9 days.

Separately, StockNews.com initiated coverage on Strattec Security in a research note on Wednesday, May 25th. They issued a "buy" rating on the stock.

A number of institutional investors have recently bought and sold shares of the business. Aristides Capital LLC boosted its holdings in shares of Strattec Security by 11.9% in the 3rd quarter. Aristides Capital LLC now owns 37,858 shares of the auto parts company's stock valued at $1,473,000 after purchasing an additional 4,019 shares in the last quarter. Pacific Ridge Capital Partners LLC increased its position in Strattec Security by 573.0% in the 4th quarter. Pacific Ridge Capital Partners LLC now owns 140,985 shares of the auto parts company's stock valued at $5,219,000 after buying an additional 120,035 shares in the last quarter. Invenomic Capital Management LP bought a new stake in Strattec Security in the 4th quarter valued at about $1,185,000. Gamco Investors INC. ET AL increased its position in Strattec Security by 7.2% in the 3rd quarter. Gamco Investors INC. ET AL now owns 597,098 shares of the auto parts company's stock valued at $23,227,000 after buying an additional 40,252 shares in the last quarter. Finally, Acadian Asset Management LLC boosted its stake in Strattec Security by 7.1% during the 4th quarter. Acadian Asset Management LLC now owns 33,210 shares of the auto parts company's stock valued at $1,228,000 after purchasing an additional 2,191 shares during the last quarter. Hedge funds and other institutional investors own 77.42% of the company's stock.

Shares of NASDAQ STRT opened at $33.75 on Tuesday. The firm has a market cap of $133.68 million, a P/E ratio of 13.78, a price-to-earnings-growth ratio of 0.90 and a beta of 0.98. The company has a current ratio of 2.37, a quick ratio of 1.46 and a debt-to-equity ratio of 0.05. Strattec Security has a 1-year low of $29.50 and a 1-year high of $52.39. The business's 50 day moving average is $34.62 and its 200-day moving average is $37.38.

Strattec Security (NASDAQ:STRT - Get Rating) last announced its earnings results on Thursday, April 21st. The auto parts company reported $0.80 earnings per share for the quarter, missing analysts' consensus estimates of $0.86 by ($0.06). The firm had revenue of $115.94 million for the quarter, compared to the consensus estimate of $116.61 million. Strattec Security had a return on equity of 4.42% and a net margin of 2.18%. Analysts forecast that Strattec Security will post 2.51 EPS for the current year.

About Strattec Security (Get Rating)

Strattec Security Corporation designs, develops, manufactures, and markets automotive access control products under the VAST Automotive Group brand primarily in North America. The company offers mechanical and electronically enhanced locks and keys, passive entry passive start systems, steering column and instrument panel ignition lock housings, latches, power sliding side door systems, power tailgate and lift gate systems, power deck lid systems, door handles, and related products.

Recommended StoriesGet a free copy of the StockNews.com research report on Strattec Security (STRT)MarketBeat Podcast: Where Are The Next Small Cap Opportunities?Ulta Beauty Had One Beautiful Quarter Broadcom Is Primed To Hit A New All-Time High Workday Gets Worked Over By The Analysts Builders FirstSource Stock is Building Out a Base

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]

Before you consider Strattec Security, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Strattec Security wasn't on the list.

While Strattec Security currently has a "N/A" rating among analysts, top-rated analysts believe these five stocks are better buys.

Complete the form below to receive the latest headlines and analysts' recommendations for your stocks with our free daily email newsletter:

In this episode, Kate’s guest is Tyler Laundon, editor of the Cabot Small-Cap Confidential and grand slam advisory Cabot Early Opportunities newsletters. Tyler shares his analysis of the small-cap asset class, within the lens of the broader market. He also offers some stocks he’s eyeing right now as potential watch-list candidates.

Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools:

View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.

Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.

Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.

MarketBeat All Access subscribers can access stock screeners, the Idea Engine, data export tools, research reports, and other premium tools.

Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free.

Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies and more.

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

Twitter Facebook StockTwits Financial Juice YouTube

© American Consumer News, LLC dba MarketBeat® 2010-2022. All rights reserved. 326 E 8th St #105, Sioux Falls, SD 57103 | U.S. Based Support Team at [email protected] | (844) 978-6257 MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security. Our Accessibility Statement | Terms of Service | Do Not Sell My Information | RSS Feeds

© 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see disclaimer. Fundamental company data provided by Zacks Investment Research.