Aristides Capital LLC Buys 33,958 Shares of Ituran Location and Control Ltd. (NASDAQ:ITRN)

Aristides Capital LLC grew its position in Ituran Location and Control Ltd. (NASDAQ:ITRN) by 23.3% in the second quarter, according to its most recent filing with the SEC. The fund owned 179,740 shares of the industrial products company’s stock after acquiring an additional 33,958 shares during the period. Ituran Location and Control accounts for approximately 1.2% of Aristides Capital LLC’s investment portfolio, making the stock its 11th biggest position. Aristides Capital LLC’s holdings in Ituran Location and Control were worth $4,429,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Blair William & Co. IL acquired a new position in Ituran Location and Control in the 1st quarter valued at approximately $203,000. Caprock Group LLC acquired a new stake in Ituran Location and Control in the second quarter valued at $226,000. Heron Bay Capital Management raised its position in Ituran Location and Control by 18.3% during the 1st quarter. Heron Bay Capital Management now owns 9,982 shares of the industrial products company’s stock worth $279,000 after purchasing an additional 1,541 shares during the last quarter. DGS Capital Management LLC acquired a new position in Ituran Location and Control during the 1st quarter worth about $340,000. Finally, California State Teachers Retirement System grew its position in shares of Ituran Location and Control by 11.3% in the 1st quarter. California State Teachers Retirement System now owns 16,585 shares of the industrial products company’s stock valued at $464,000 after buying an additional 1,679 shares during the last quarter. Institutional investors and hedge funds own 94.80% of the company’s stock.

Ituran Location and Control Trading Up 0.1 %

Shares of ITRN stock opened at $26.54 on Tuesday. The stock has a 50-day moving average of $27.14 and a 200-day moving average of $26.70. The stock has a market cap of $527.99 million, a price-to-earnings ratio of 10.46 and a beta of 1.15. Ituran Location and Control Ltd. has a 1-year low of $24.01 and a 1-year high of $30.10.

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

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 5.88%. 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.