Strattec Security Co. (NASDAQ:STRT) Short Interest Update

Strattec Security Co. (NASDAQ:STRT) saw a significant drop in short interest in the month of June. As of June 15th, there was short interest totalling 3,700 shares, a drop of 47.9% from the May 31st total of 7,100 shares. Based on an average daily volume of 10,000 shares, the short-interest ratio is presently 0.4 days. Currently, 0.1% of the shares of the company are short sold.

Insider Transactions at Strattec Security

In related news, major shareholder Gate City Capital Management, purchased 7,057 shares of Strattec Security stock in a transaction that occurred on Tuesday, May 21st. The shares were acquired at an average price of $24.60 per share, with a total value of $173,602.20. Following the completion of the transaction, the insider now directly owns 412,341 shares of the company’s stock, valued at approximately $10,143,588.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 6.93% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Gate City Capital Management LLC bought a new position in shares of Strattec Security in the 4th quarter worth about $10,270,000. Victory Capital Management Inc. acquired a new position in Strattec Security during the 4th quarter valued at about $96,000. Perritt Capital Management Inc. boosted its stake in Strattec Security by 63.6% during the 3rd quarter. Perritt Capital Management Inc. now owns 6,873 shares of the auto parts company’s stock valued at $157,000 after purchasing an additional 2,673 shares during the last quarter. Gabelli Funds LLC boosted its stake in Strattec Security by 9.2% during the 1st quarter. Gabelli Funds LLC now owns 36,800 shares of the auto parts company’s stock valued at $873,000 after purchasing an additional 3,100 shares during the last quarter. Finally, Gamco Investors INC. ET AL boosted its stake in Strattec Security by 2.2% during the 1st quarter. Gamco Investors INC. ET AL now owns 749,115 shares of the auto parts company’s stock valued at $17,776,000 after purchasing an additional 16,225 shares during the last quarter. 68.91% of the stock is owned by institutional investors.

Strattec Security Price Performance

Shares of STRT stock traded down $0.60 during trading hours on Friday, reaching $25.17. The company’s stock had a trading volume of 22,549 shares, compared to its average volume of 9,039. Strattec Security has a fifty-two week low of $17.66 and a fifty-two week high of $30.34. The company has a market capitalization of $102.44 million, a price-to-earnings ratio of 26.03, a PEG ratio of 1.25 and a beta of 1.09. The company has a quick ratio of 1.51, a current ratio of 2.24 and a debt-to-equity ratio of 0.06. The firm’s 50 day simple moving average is $24.91 and its 200-day simple moving average is $24.50.

Strattec Security (NASDAQ:STRT) last announced its earnings results on Thursday, May 9th. The auto parts company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.27. The business had revenue of $140.77 million during the quarter, compared to analyst estimates of $129.42 million. Strattec Security had a return on equity of 4.02% and a net margin of 0.76%. Sell-side analysts forecast that Strattec Security will post 2.06 earnings per share for the current year.

Analyst Ratings Changes

Separately, StockNews.com raised Strattec Security from a “buy” rating to a “strong-buy” rating in a report on Monday, May 13th.

Strattec Security Company Profile

Strattec Security Corporation designs, develops, manufactures, and markets automotive access control products under the VAST Automotive Group brand primarily in North America. The company provides 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.