Ibex Investors LLC Decreases Stake in Ituran Location and Control Ltd. (NASDAQ:ITRN)

Ibex Investors LLC lessened its stake in shares of Ituran Location and Control Ltd. (NASDAQ:ITRN) by 1.7% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,149,388 shares of the industrial products company’s stock after selling 19,427 shares during the quarter. Ituran Location and Control makes up 29.2% of Ibex Investors LLC’s holdings, making the stock its 2nd biggest holding. Ibex Investors LLC owned approximately 5.78% of Ituran Location and Control worth $28,321,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Acadian Asset Management LLC lifted its holdings in shares of Ituran Location and Control by 21.3% during the second quarter. Acadian Asset Management LLC now owns 483,763 shares of the industrial products company’s stock worth $11,884,000 after purchasing an additional 85,023 shares during the period. Rice Hall James & Associates LLC lifted its holdings in shares of Ituran Location and Control by 8.2% during the second quarter. Rice Hall James & Associates LLC now owns 444,043 shares of the industrial products company’s stock worth $10,941,000 after purchasing an additional 33,593 shares during the period. LSV Asset Management acquired a new position in shares of Ituran Location and Control during the first quarter worth $875,000. Aristides Capital LLC lifted its holdings in shares of Ituran Location and Control by 25.7% during the fourth quarter. Aristides Capital LLC now owns 145,782 shares of the industrial products company’s stock worth $3,971,000 after purchasing an additional 29,830 shares during the period. Finally, Strategic Global Advisors LLC lifted its holdings in shares of Ituran Location and Control by 37.6% during the fourth quarter. Strategic Global Advisors LLC now owns 78,394 shares of the industrial products company’s stock worth $2,135,000 after purchasing an additional 21,424 shares during the period. Institutional investors own 94.80% of the company’s stock.

Ituran Location and Control Stock Performance

Shares of NASDAQ:ITRN opened at $27.40 on Thursday. The firm has a market cap of $545.10 million, a PE ratio of 10.96 and a beta of 1.15. Ituran Location and Control Ltd. has a 52 week low of $24.01 and a 52 week high of $30.10. The firm’s fifty day moving average is $26.96 and its 200-day moving average is $26.72.

Ituran Location and Control (NASDAQ:ITRN) last released its earnings results on Monday, August 19th. The industrial products company reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.05. The business had revenue of $84.87 million for the quarter. Ituran Location and Control had a net margin of 15.42% and a return on equity of 28.43%.

Ituran Location and Control Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 9th. Investors of record on Thursday, September 26th will be issued a $0.39 dividend. The ex-dividend date of this dividend is Thursday, September 26th. This represents a $1.56 annualized dividend and a yield of 5.69%. Ituran Location and Control’s payout ratio is 62.40%.

About Ituran Location and Control

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.