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Executives and entities affiliated with Mario J. Gabelli, including GAMCO Investors, Inc. ET AL, Associated Capital Group (NYSE:AC), Inc., and GGCP, INC., have recently sold shares of Strattec Security Corp (NASDAQ:STRT). The transactions, which took place on August 12, 2024, involved the sale of 300 shares at a price of $34.325 per share, totaling approximately $10,297.
The shares were sold through indirect ownership, with the nature of ownership cited as "By: Investment Partnership," according to a footnote in the filing. The footnote further clarifies the relationship among the reporting entities and individuals, stating that GAMCO Investors, Inc. and Associated Capital Group, Inc. have less than a 100% interest in the entity through which the shares were sold, and similarly, GGCP, Inc. has less than a 100% interest in both GAMCO Investors, Inc. and Associated Capital Group, Inc. Moreover, Mario J. Gabelli has less than a 100% interest in GGCP, Inc. The reporting persons have disclaimed ownership of the securities sold in excess of their pecuniary interests.
Following the sale, the investment partnership reported owning 1,600 shares of Strattec Security Corp. The sale was signed off by Douglas R. Jamieson, as Attorney-In-Fact for Mario J. Gabelli and the aforementioned entities, and by Peter D. Goldstein, General Counsel for GAMCO Investors, INC.
Strattec Security Corp, based in Milwaukee, Wisconsin, is a manufacturer in the motor vehicle parts and accessories sector. The company's stock is traded on the NASDAQ under the ticker STRT. The sale of shares by significant stakeholders such as the Gabelli entities may be of interest to investors who follow insider trading activities for insights into company performance and executive sentiment.
InvestingPro Insights
As Strattec Security Corp (NASDAQ:STRT) navigates the market, notable financial metrics provide a deeper understanding of the company's valuation and performance. The company currently boasts a market capitalization of approximately $159.93 million, with a P/E ratio of 9.53, reflecting investor sentiment on its earnings potential. In the last twelve months leading up to Q4 2024, Strattec Security Corp reported revenue growth of 9.09%, demonstrating a steady increase in its sales figures.
Investors seeking to gauge the company's financial health will find that Strattec holds more cash than debt on its balance sheet, an InvestingPro Tip that suggests a strong liquidity position. Additionally, the company's liquid assets exceed its short-term obligations, providing further evidence of financial stability. This information is particularly relevant for investors analyzing the sale of shares by major stakeholders and considering the company's ability to sustain operations and growth.
It's also worth noting that Strattec's stock has experienced a significant return over the last week, with a price total return of 69.09%. This rapid appreciation in share price is underscored by the stock trading near its 52-week high, at 99.57% of this benchmark. For investors interested in the trends and momentum of Strattec's stock, these InvestingPro Data points can offer valuable insights.
For those looking to delve deeper into Strattec Security Corp's financials and stock performance, additional InvestingPro Tips are available. The platform currently lists 16 tips, providing a comprehensive analysis that could further inform investment decisions. For more detailed insights, visit https://www.investing.com/pro/STRT.
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