A Director at Strattec Security Corp (NASDAQ: STRT) is Buying Shares

By Carrie Williams

Today, a Director at Strattec Security Corp (STRTResearch Report), Harold Stratton, bought shares of STRT for $117.9K.

Following this transaction Harold Stratton’s holding in the company was increased by 18.04% to a total of $2.33 million. This is Stratton’s first Buy trade following 4 Sell transactions.

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Based on Strattec Security Corp’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $113 million and GAAP net loss of $22.16 million. In comparison, last year the company earned revenue of $103 million and had a net profit of $2.88 million. Currently, Strattec Security Corp has an average volume of 3,452.

The insider sentiment on Strattec Security Corp has been neutral according to 14 insider trades in the past three months. This sentiment is slightly lower than the average sentiment of company insiders in this sector.

Harold Stratton’s trades have generated a 15.2% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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STRATTEC Security Corp. engages in the design, development, manufacture, and market of automotive locks and keys. Its products include mechanical and electronically enhanced locks and keys; steering column and instrument panel ignition lock housings; latches; power sliding side doors; power lift gates; power deck lids; and door handles.