683 Capital Management LLC Acquires Shares of 8,523 Strattec Security Co. (NASDAQ:STRT)

683 Capital Management LLC bought a new position in shares of Strattec Security Co. (NASDAQ:STRT - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 8,523 shares of the auto parts company's stock, valued at approximately $351,000. 683 Capital Management LLC owned approximately 0.21% of Strattec Security at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Tower Research Capital LLC TRC bought a new position in shares of Strattec Security during the fourth quarter worth about $33,000. West Oak Capital LLC grew its position in Strattec Security by 5,525.0% in the fourth quarter. West Oak Capital LLC now owns 1,125 shares of the auto parts company's stock valued at $46,000 after purchasing an additional 1,105 shares in the last quarter. JPMorgan Chase & Co. acquired a new stake in Strattec Security in the 3rd quarter valued at $69,000. Barclays PLC lifted its position in Strattec Security by 126.0% during the 3rd quarter. Barclays PLC now owns 3,950 shares of the auto parts company's stock worth $169,000 after buying an additional 2,202 shares in the last quarter. Finally, Integrated Quantitative Investments LLC acquired a new position in shares of Strattec Security during the 4th quarter worth about $227,000. 68.91% of the stock is currently owned by institutional investors and hedge funds.

Strattec Security Stock Performance

Strattec Security stock traded up $2.39 during mid-day trading on Thursday, hitting $36.17. 13,825 shares of the company's stock traded hands, compared to its average volume of 21,168. The stock has a market cap of $150.90 million, a price-to-earnings ratio of 9.04, a P/E/G ratio of 1.37 and a beta of 1.10. The firm has a 50 day simple moving average of $39.03 and a two-hundred day simple moving average of $40.65. Strattec Security Co. has a fifty-two week low of $21.05 and a fifty-two week high of $53.01. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.60 and a quick ratio of 1.77.

Insider Activity 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 company insiders.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised 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.