Insider Selling: Stratus Properties Inc. (NASDAQ:STRS) Director Sells 5,000 Shares of Stock

Stratus Properties Inc. (NASDAQ:STRS - Get Free Report) Director James Joseph sold 5,000 shares of the business's stock in a transaction that occurred on Wednesday, July 2nd. The stock was sold at an average price of $18.82, for a total value of $94,100.00. Following the completion of the transaction, the director directly owned 15,715 shares in the company, valued at approximately $295,756.30. This represents a 24.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Stratus Properties Price Performance

Shares of STRS traded down $0.30 during mid-day trading on Tuesday, hitting $20.09. 11,189 shares of the stock were exchanged, compared to its average volume of 9,015. The company has a market cap of $162.15 million, a PE ratio of -29.54 and a beta of 1.17. Stratus Properties Inc. has a 52-week low of $15.10 and a 52-week high of $30.66. The firm has a 50-day moving average of $18.71 and a two-hundred day moving average of $18.79. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.04 and a current ratio of 1.04.

Stratus Properties (NASDAQ:STRS - Get Free Report) last issued its quarterly earnings data on Thursday, May 15th. The financial services provider reported ($0.36) earnings per share (EPS) for the quarter. The firm had revenue of $5.04 million for the quarter. Stratus Properties had a negative return on equity of 1.84% and a negative net margin of 16.72%.

Institutional Trading of Stratus Properties

Several hedge funds have recently modified their holdings of STRS. Tower Research Capital LLC TRC raised its holdings in shares of Stratus Properties by 150.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,575 shares of the financial services provider's stock worth $33,000 after acquiring an additional 946 shares in the last quarter. GAMMA Investing LLC raised its holdings in Stratus Properties by 12,071.4% during the 1st quarter. GAMMA Investing LLC now owns 3,408 shares of the financial services provider's stock valued at $60,000 after buying an additional 3,380 shares during the period. Wells Fargo & Company MN raised its holdings in Stratus Properties by 16.4% during the 4th quarter. Wells Fargo & Company MN now owns 5,073 shares of the financial services provider's stock valued at $105,000 after buying an additional 713 shares during the period. Barclays PLC raised its holdings in Stratus Properties by 14.7% during the 4th quarter. Barclays PLC now owns 8,416 shares of the financial services provider's stock valued at $175,000 after buying an additional 1,081 shares during the period. Finally, Nuveen LLC purchased a new stake in Stratus Properties during the 1st quarter valued at $206,000. 61.63% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut Stratus Properties from a "hold" rating to a "sell" rating in a report on Saturday, May 24th.

About Stratus Properties

Stratus Properties Inc, a real estate company, engages in the entitlement, development, management, leasing, and sale of multi and single family residential and commercial real estate properties in the Austin, Texas area and other select markets in Texas. The company operates in two segments, Real Estate Operations and Leasing Operations.