An executive at Oasis Management Co Ltd., a significant shareholder in Stratus Properties Inc. (NASDAQ:STRS), has sold a portion of their holdings in the company. The transaction, which involved the sale of 830 shares of common stock, was completed on August 30, 2024, and amounted to a total of $22,846.
The shares were sold at a weighted average price of $27.5256, with individual sales prices ranging from $27.3839 to $27.755. The reporting documents provided by the Securities and Exchange Commission indicate that the sales were conducted in multiple transactions at varying prices within the specified range.
The securities in question are held directly by Oasis Investments II Master Fund Ltd., with Oasis Management Company Ltd. serving as the investment manager. Seth Fischer is responsible for overseeing the investment activities of the fund, including all decisions related to the assets held.
Following the sale, the number of shares owned by the reporting entities stands at 1,143,210. The filings also clarify that the reporting entities do not claim beneficial ownership of the reported securities except to the extent of their pecuniary interest.
Investors and interested parties can request detailed information about the number of shares sold at each separate price from the reporting persons. This sale represents a part of the ongoing trading activities of the executives and significant shareholders of Stratus Properties Inc., providing insights into their investment moves.
InvestingPro Insights
As Stratus Properties Inc. (NASDAQ:STRS) sees significant shareholder activity, it's important for investors to consider the company's financial health and market performance. According to the latest InvestingPro data, Stratus Properties has a market capitalization of $196.76 million, highlighting its size within the market. Despite a challenging period, the company has demonstrated a robust revenue growth of 31.68% over the last twelve months as of Q2 2024, which may indicate potential for future scalability and market capture.
InvestingPro Tips suggest that Stratus Properties is quickly burning through cash and its valuation implies a poor free cash flow yield. This could be a concern for investors looking for long-term stability and consistent returns. Additionally, the company has not been profitable over the last twelve months and does not pay a dividend to shareholders, which may influence the investment decisions of income-focused investors.
On a positive note, Stratus Properties' liquid assets exceed its short-term obligations, indicating that the company is in a good position to cover its immediate liabilities. This financial stability is an important consideration for investors when evaluating the company's short-term operational efficiency. For a deeper dive into Stratus Properties' financials and additional InvestingPro Tips, there are 5 more tips available on the InvestingPro platform at InvestingPro Stratus Properties.
Investors should also note that the InvestingPro Fair Value for Stratus Properties stands at $20.06, which is below the previous closing price of $24.71. This discrepancy may suggest that the stock is currently overvalued, providing a crucial piece of information for those looking to make informed trading decisions.
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