Rice Hall James & Associates LLC Sells 9,147 Shares of Ituran Location and Control Ltd. (NASDAQ:ITRN)

Rice Hall James & Associates LLC lowered its position in Ituran Location and Control Ltd. (NASDAQ:ITRN - Free Report) by 1.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 507,552 shares of the industrial products company's stock after selling 9,147 shares during the period. Rice Hall James & Associates LLC owned 2.55% of Ituran Location and Control worth $15,810,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. State of New Jersey Common Pension Fund D bought a new position in Ituran Location and Control in the fourth quarter worth $207,000. Van ECK Associates Corp increased its position in Ituran Location and Control by 11.3% in the fourth quarter. Van ECK Associates Corp now owns 3,871 shares of the industrial products company's stock worth $121,000 after purchasing an additional 392 shares during the period. Four Tree Island Advisory LLC bought a new position in Ituran Location and Control during the fourth quarter worth about $920,000. R Squared Ltd bought a new position in Ituran Location and Control during the fourth quarter worth about $117,000. Finally, DGS Capital Management LLC boosted its holdings in Ituran Location and Control by 14.0% during the fourth quarter. DGS Capital Management LLC now owns 21,690 shares of the industrial products company's stock worth $676,000 after buying an additional 2,660 shares during the last quarter. Institutional investors and hedge funds own 94.80% of the company's stock.

Ituran Location and Control Stock Performance

NASDAQ ITRN traded up $0.48 during trading on Wednesday, hitting $41.90. The stock had a trading volume of 1,086,725 shares, compared to its average volume of 189,329. The company has a market capitalization of $833.39 million, a PE ratio of 16.05 and a beta of 1.15. The company's 50-day moving average price is $32.72 and its two-hundred day moving average price is $29.44. Ituran Location and Control Ltd. has a 12 month low of $24.12 and a 12 month high of $43.83.

Ituran Location and Control (NASDAQ:ITRN - Get Free Report) last released its quarterly earnings results on Thursday, November 21st. The industrial products company reported $0.69 earnings per share (EPS) for the quarter. Ituran Location and Control had a return on equity of 28.31% and a net margin of 15.65%.

Ituran Location and Control Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Monday, December 23rd were paid a $0.39 dividend. The ex-dividend date was Monday, December 23rd. This represents a $1.56 annualized dividend and a dividend yield of 3.72%. Ituran Location and Control's payout ratio is 59.77%.

Ituran Location and Control Company Profile

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.