GSA Capital Partners LLP Sells 3,679 Shares of Ituran Location and Control Ltd. (NASDAQ:ITRN)

GSA Capital Partners LLP decreased its position in shares of Ituran Location and Control Ltd. (NASDAQ:ITRN) by 14.8% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 21,212 shares of the industrial products company’s stock after selling 3,679 shares during the quarter. GSA Capital Partners LLP owned approximately 0.11% of Ituran Location and Control worth $767,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Foundations Investment Advisors LLC raised its holdings in Ituran Location and Control by 130.7% during the first quarter. Foundations Investment Advisors LLC now owns 16,667 shares of the industrial products company’s stock valued at $603,000 after acquiring an additional 9,442 shares during the period. Ibex Investors LLC raised its stake in Ituran Location and Control by 1.8% during the 1st quarter. Ibex Investors LLC now owns 876,313 shares of the industrial products company’s stock valued at $31,687,000 after purchasing an additional 15,267 shares during the period. ARK Investment Management LLC purchased a new position in Ituran Location and Control in the 1st quarter worth approximately $2,131,000. KLP Kapitalforvaltning AS lifted its holdings in Ituran Location and Control by 47.2% in the 1st quarter. KLP Kapitalforvaltning AS now owns 34,300 shares of the industrial products company’s stock worth $1,253,000 after purchasing an additional 11,000 shares in the last quarter. Finally, Four Tree Island Advisory LLC boosted its stake in Ituran Location and Control by 93.7% in the 1st quarter. Four Tree Island Advisory LLC now owns 57,198 shares of the industrial products company’s stock worth $2,068,000 after purchasing an additional 27,665 shares during the period. Institutional investors own 94.80% of the company’s stock.

Ituran Location and Control Stock Down 2.0%

Shares of ITRN stock opened at $38.71 on Friday. The company’s fifty day simple moving average is $38.22 and its two-hundred day simple moving average is $36.71. Ituran Location and Control Ltd. has a 52 week low of $25.09 and a 52 week high of $45.43. The stock has a market cap of $769.94 million, a P/E ratio of 13.92 and a beta of 0.89.

Ituran Location and Control (NASDAQ:ITRN) last issued its earnings results on Wednesday, May 28th. The industrial products company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.03. Ituran Location and Control had a return on equity of 29.19% and a net margin of 16.35%. The firm had revenue of $86.46 million for the quarter, compared to analysts’ expectations of $88.47 million.

Ituran Location and Control Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 2nd. Stockholders of record on Wednesday, June 18th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date was Wednesday, June 18th. Ituran Location and Control’s dividend payout ratio is currently 71.94%.

Analysts Set New Price Targets

Separately, Wall Street Zen cut shares of Ituran Location and Control from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 5th.

Ituran Location and Control 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.