GSA Capital Partners LLP Reduces Stock Position in Ituran Location and Control Ltd. (NASDAQ:ITRN)

GSA Capital Partners LLP decreased its holdings in shares of Ituran Location and Control Ltd. (NASDAQ:ITRN) by 9.5% during the third quarter, HoldingsChannel reports. The fund owned 43,314 shares of the industrial products company’s stock after selling 4,524 shares during the quarter. GSA Capital Partners LLP’s holdings in Ituran Location and Control were worth $1,150,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the stock. CWA Asset Management Group LLC purchased a new position in shares of Ituran Location and Control in the third quarter valued at $280,000. Rice Hall James & Associates LLC increased its position in shares of Ituran Location and Control by 16.4% during the third quarter. Rice Hall James & Associates LLC now owns 516,699 shares of the industrial products company’s stock valued at $13,713,000 after buying an additional 72,656 shares during the period. Meitav Investment House Ltd. bought a new stake in shares of Ituran Location and Control during the third quarter valued at about $250,000. Semanteon Capital Management LP purchased a new stake in shares of Ituran Location and Control in the third quarter worth about $225,000. Finally, Foundations Investment Advisors LLC bought a new position in shares of Ituran Location and Control in the third quarter valued at approximately $228,000. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Ituran Location and Control Trading Down 1.0 %

Ituran Location and Control stock opened at $27.41 on Friday. The firm’s 50 day simple moving average is $27.02 and its 200 day simple moving average is $26.69. Ituran Location and Control Ltd. has a 1-year low of $24.12 and a 1-year high of $30.00. The firm has a market capitalization of $545.18 million, a PE ratio of 10.81 and a beta of 1.14.

Ituran Location and Control (NASDAQ:ITRN) last released its quarterly earnings results on Monday, August 19th. The industrial products company reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.05. The firm had revenue of $84.87 million for the quarter. Ituran Location and Control had a net margin of 15.42% and a return on equity of 28.43%.

Ituran Location and Control Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 9th. Stockholders of record on Thursday, September 26th were given a dividend of $0.39 per share. The ex-dividend date was Thursday, September 26th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 5.69%. Ituran Location and Control’s dividend payout ratio (DPR) is presently 61.18%.

Ituran Location and Control Company Profile

Ituran Location and Control Ltd., together with its subsidiaries, provides location based telematics services and machine-to-machine telematics products. It operates through two segments, Telematics Services and Telematics Products. The Telematics services segment offers stolen vehicle recovery and tracking services, which enables to locate, track, and recover stolen vehicles for its subscribers; fleet management services that enable corporate and individual customers to track and manage their vehicles in real time; and locator services that allow customers to protect valuable merchandise and equipment.