Strattec Security Co. (NASDAQ:STRT) Short Interest Update

Strattec Security Co. (NASDAQ:STRT - Get Free Report) saw a significant increase in short interest in the month of March. As of March 31st, there was short interest totalling 30,100 shares, an increase of 184.0% from the March 15th total of 10,600 shares. Currently, 0.8% of the shares of the company are short sold. Based on an average daily volume of 26,100 shares, the short-interest ratio is presently 1.2 days.

Insider Transactions at Strattec Security

In related news, COO Rolando Guillot sold 3,500 shares of the company's stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $50.10, for a total value of $175,350.00. Following the transaction, the chief operating officer now directly owns 36,443 shares in the company, valued at approximately $1,825,794.30. This represents a 8.76 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 6.40% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Strattec Security

A number of large investors have recently bought and sold shares of STRT. Ritholtz Wealth Management boosted its position in shares of Strattec Security by 152.1% during the 1st quarter. Ritholtz Wealth Management now owns 29,051 shares of the auto parts company's stock worth $1,146,000 after acquiring an additional 17,529 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. lifted its position in shares of Strattec Security by 57.1% during the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,715 shares of the auto parts company's stock worth $71,000 after buying an additional 623 shares during the last quarter. Millennium Management LLC grew its position in Strattec Security by 143.8% in the fourth quarter. Millennium Management LLC now owns 29,597 shares of the auto parts company's stock valued at $1,219,000 after acquiring an additional 17,459 shares during the last quarter. Bridgeway Capital Management LLC raised its stake in Strattec Security by 42.1% during the fourth quarter. Bridgeway Capital Management LLC now owns 39,978 shares of the auto parts company's stock worth $1,647,000 after acquiring an additional 11,850 shares in the last quarter. Finally, Bank of America Corp DE boosted its stake in shares of Strattec Security by 137.9% in the 4th quarter. Bank of America Corp DE now owns 2,208 shares of the auto parts company's stock valued at $91,000 after purchasing an additional 1,280 shares in the last quarter. 68.91% of the stock is currently owned by institutional investors and hedge funds.

Strattec Security Price Performance

Shares of STRT traded down $0.48 during trading hours on Friday, hitting $34.84. 32,688 shares of the company were exchanged, compared to its average volume of 20,531. The company has a market cap of $145.35 million, a price-to-earnings ratio of 8.71, a P/E/G ratio of 1.37 and a beta of 1.02. The firm's fifty day moving average is $42.96 and its 200 day moving average is $40.94. Strattec Security has a fifty-two week low of $21.05 and a fifty-two 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.

Wall Street Analysts Forecast Growth

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

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.