125,000 Shares in Strattec Security Co. (NASDAQ:STRT) Purchased by Truffle Hound Capital LLC

Truffle Hound Capital LLC purchased a new stake in Strattec Security Co. (NASDAQ:STRT - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 125,000 shares of the auto parts company's stock, valued at approximately $5,150,000. Strattec Security accounts for about 1.8% of Truffle Hound Capital LLC's holdings, making the stock its 14th biggest position. Truffle Hound Capital LLC owned 3.05% of Strattec Security as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Strattec Security during the 3rd quarter valued at about $374,000. De Lisle Partners LLP grew its stake in shares of Strattec Security by 11.2% in the 3rd quarter. De Lisle Partners LLP now owns 43,094 shares of the auto parts company's stock valued at $1,830,000 after purchasing an additional 4,355 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Strattec Security in the 3rd quarter worth approximately $47,000. Quadrature Capital Ltd acquired a new position in shares of Strattec Security in the 3rd quarter worth approximately $308,000. Finally, Barclays PLC lifted its position in shares of Strattec Security by 126.0% during the 3rd quarter. Barclays PLC now owns 3,950 shares of the auto parts company's stock worth $169,000 after buying an additional 2,202 shares during the period. Institutional investors and hedge funds own 68.91% of the company's stock.

Strattec Security Price Performance

NASDAQ:STRT traded up $0.55 on Wednesday, reaching $42.90. The stock had a trading volume of 14,208 shares, compared to its average volume of 19,505. 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 capitalization of $178.98 million, a P/E ratio of 10.73, a price-to-earnings-growth ratio of 1.37 and a beta of 1.12. Strattec Security Co. has a 1-year low of $21.05 and a 1-year high of $53.01. The stock has a fifty day moving average price of $43.69 and a 200-day moving average price of $41.11.

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Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Strattec Security from a "buy" rating to a "strong-buy" rating in a research note on Friday, February 7th.

Insider Activity

In related news, COO Rolando Guillot sold 3,500 shares of the firm's stock in a transaction that occurred on Wednesday, February 26th. The shares were 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. This trade represents a 8.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 6.40% of the stock is currently owned by corporate insiders.

About Strattec Security

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.