Strattec Security Co. (NASDAQ:STRT) Short Interest Up 53.8% in February

Strattec Security Co. (NASDAQ:STRT) was the target of a significant increase in short interest in the month of February. As of February 15th, there was short interest totalling 18,300 shares, an increase of 53.8% from the January 31st total of 11,900 shares. Based on an average daily volume of 24,900 shares, the short-interest ratio is currently 0.7 days. Approximately 0.5% of the company’s shares are sold short.

Analysts Set New Price Targets

Separately, StockNews.com raised Strattec Security from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 7th.

Strattec Security Price Performance

Shares of NASDAQ:STRT opened at $44.29 on Wednesday. The business has a fifty day simple moving average of $42.46 and a 200-day simple moving average of $40.36. Strattec Security has a 52 week low of $21.05 and a 52 week high of $53.01. The company has a quick ratio of 1.77, a current ratio of 2.60 and a debt-to-equity ratio of 0.06. The company has a market cap of $184.78 million, a P/E ratio of 11.07, a P/E/G ratio of 1.37 and a beta of 1.15.

Insider Activity

In other news, COO Rolando Guillot sold 3,500 shares of Strattec Security stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $50.10, for a total value of $175,350.00. Following the completion of the sale, the chief operating officer now owns 36,443 shares of the company’s stock, valued at $1,825,794.30. The trade was a 8.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 6.40% of the company’s stock.

Institutional Investors Weigh In On Strattec Security

A number of institutional investors have recently added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. grew its position in Strattec Security by 57.1% during the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,715 shares of the auto parts company’s stock valued at $71,000 after acquiring an additional 623 shares during the period. Tower Research Capital LLC TRC purchased a new stake in Strattec Security during the fourth quarter valued at about $33,000. Gabelli Funds LLC grew its position in Strattec Security by 3.2% during the fourth quarter. Gabelli Funds LLC now owns 31,900 shares of the auto parts company’s stock valued at $1,314,000 after acquiring an additional 1,000 shares during the period. Barclays PLC grew its position in Strattec Security by 25.5% during the fourth quarter. Barclays PLC now owns 4,957 shares of the auto parts company’s stock valued at $204,000 after acquiring an additional 1,007 shares during the period. Finally, West Oak Capital LLC grew its position in Strattec Security by 5,525.0% during the fourth quarter. West Oak Capital LLC now owns 1,125 shares of the auto parts company’s stock valued at $46,000 after acquiring an additional 1,105 shares during the period. Hedge funds and other institutional investors own 68.91% of the company’s stock.

Strattec Security Company Profile

Strattec Security Corporation designs, develops, manufactures, and markets automotive access control products under the VAST Automotive Group brand primarily in North America. The company provides mechanical and electronically enhanced locks and keys, passive entry passive start systems, steering column and instrument panel ignition lock housings, latches, power sliding side door systems, power tailgate and lift gate systems, power deck lid systems, door handles, and related products.