CWA Asset Management Group LLC Purchases 2,144 Shares of Ituran Location and Control Ltd. (NASDAQ:ITRN)

CWA Asset Management Group LLC raised its position in shares of Ituran Location and Control Ltd. (NASDAQ:ITRN) by 20.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,708 shares of the industrial products company’s stock after purchasing an additional 2,144 shares during the period. CWA Asset Management Group LLC’s holdings in Ituran Location and Control were worth $396,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. HighTower Advisors LLC bought a new position in shares of Ituran Location and Control during the 3rd quarter valued at $767,000. Blue Trust Inc. boosted its position in Ituran Location and Control by 63.4% during the third quarter. Blue Trust Inc. now owns 1,541 shares of the industrial products company’s stock valued at $38,000 after buying an additional 598 shares during the period. BNP Paribas Financial Markets grew its stake in shares of Ituran Location and Control by 214.2% during the third quarter. BNP Paribas Financial Markets now owns 6,011 shares of the industrial products company’s stock valued at $160,000 after buying an additional 4,098 shares during the last quarter. Walleye Capital LLC increased its holdings in shares of Ituran Location and Control by 184.5% in the third quarter. Walleye Capital LLC now owns 27,498 shares of the industrial products company’s stock worth $730,000 after buying an additional 17,834 shares during the period. Finally, Rice Hall James & Associates LLC lifted its stake in shares of Ituran Location and Control by 16.4% in the 3rd quarter. Rice Hall James & Associates LLC now owns 516,699 shares of the industrial products company’s stock valued at $13,713,000 after acquiring an additional 72,656 shares during the last quarter. Institutional investors own 94.80% of the company’s stock.

Ituran Location and Control Price Performance

Shares of ITRN stock opened at $31.54 on Thursday. The business has a 50-day moving average of $29.45 and a 200 day moving average of $27.60. Ituran Location and Control Ltd. has a 1-year low of $24.12 and a 1-year high of $33.09. The stock has a market capitalization of $627.46 million, a PE ratio of 12.08 and a beta of 1.15.

Ituran Location and Control Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Monday, December 23rd were paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 4.95%. The ex-dividend date was Monday, December 23rd. Ituran Location and Control’s dividend payout ratio (DPR) is presently 59.77%.

Ituran Location and Control 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.