Semanteon Capital Management LP Takes Position in Ituran Location and Control Ltd. (NASDAQ:ITRN)

Semanteon Capital Management LP acquired a new stake in shares of Ituran Location and Control Ltd. (NASDAQ:ITRN) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 8,481 shares of the industrial products company’s stock, valued at approximately $225,000.

Other institutional investors have also recently made changes to their positions in the company. LSV Asset Management purchased a new position in Ituran Location and Control in the first quarter worth about $875,000. Acadian Asset Management LLC increased its holdings in Ituran Location and Control by 21.3% during the second quarter. Acadian Asset Management LLC now owns 483,763 shares of the industrial products company’s stock valued at $11,884,000 after buying an additional 85,023 shares during the period. Rice Hall James & Associates LLC increased its holdings in Ituran Location and Control by 8.2% during the second quarter. Rice Hall James & Associates LLC now owns 444,043 shares of the industrial products company’s stock valued at $10,941,000 after buying an additional 33,593 shares during the period. Aristides Capital LLC increased its holdings in Ituran Location and Control by 23.3% during the second quarter. Aristides Capital LLC now owns 179,740 shares of the industrial products company’s stock valued at $4,429,000 after buying an additional 33,958 shares during the period. Finally, Blair William & Co. IL purchased a new position in Ituran Location and Control in the first quarter worth $203,000. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Ituran Location and Control Trading Down 1.5 %

NASDAQ ITRN opened at $27.10 on Tuesday. The firm’s fifty day simple moving average is $27.37 and its two-hundred day simple moving average is $26.55. Ituran Location and Control Ltd. has a 12-month low of $24.01 and a 12-month high of $30.00. The firm has a market capitalization of $539.13 million, a P/E ratio of 10.84 and a beta of 1.14.

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

Ituran Location and Control Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 9th. Stockholders of record on Thursday, September 26th were paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 5.76%. The ex-dividend date was Thursday, September 26th. Ituran Location and Control’s payout ratio is currently 62.40%.

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.