Walleye Capital LLC Grows Stake in Ituran Location and Control Ltd. (NASDAQ:ITRN)

Walleye Capital LLC increased its stake in Ituran Location and Control Ltd. (NASDAQ:ITRN - Free Report) by 184.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,498 shares of the industrial products company's stock after acquiring an additional 17,834 shares during the period. Walleye Capital LLC owned approximately 0.14% of Ituran Location and Control worth $730,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in ITRN. Blue Trust Inc. raised its stake in shares of Ituran Location and Control by 63.4% in the third quarter. Blue Trust Inc. now owns 1,541 shares of the industrial products company's stock valued at $38,000 after acquiring an additional 598 shares during the period. Copeland Capital Management LLC purchased a new stake in Ituran Location and Control in the 3rd quarter worth about $50,000. BNP Paribas Financial Markets lifted its stake in Ituran Location and Control by 214.2% in the third quarter. BNP Paribas Financial Markets now owns 6,011 shares of the industrial products company's stock worth $160,000 after purchasing an additional 4,098 shares during the last quarter. Semanteon Capital Management LP purchased a new position in shares of Ituran Location and Control during the third quarter valued at approximately $225,000. Finally, Foundations Investment Advisors LLC bought a new position in shares of Ituran Location and Control during the third quarter valued at approximately $228,000. 94.80% of the stock is owned by institutional investors.

Ituran Location and Control Trading Down 0.4 %

Shares of NASDAQ ITRN traded down $0.11 during midday trading on Friday, hitting $31.07. The company's stock had a trading volume of 78,240 shares, compared to its average volume of 64,942. The business's 50 day moving average is $27.75 and its two-hundred day moving average is $26.94. Ituran Location and Control Ltd. has a 12-month low of $24.12 and a 12-month high of $31.43. The firm has a market cap of $618.11 million, a P/E ratio of 11.90 and a beta of 1.17.

Ituran Location and Control Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Monday, December 23rd will be paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 5.02%. The ex-dividend date of this dividend is Monday, December 23rd. Ituran Location and Control's payout ratio is currently 59.77%.

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.