Insider Selling: Stratus Properties (NASDAQ:STRS) Major Shareholder Sells 1,998 Shares of Stock

Key Points

• Oasis Management Co Ltd. sold 1,998 shares of Stratus Properties at an average price of $21.02, reducing their total holdings to 1,134,878 shares, valued at approximately $23.86 million.
• Stratus Properties' stock price increased by 2.5%, trading at $22.30 with an average trading volume of 10,233 shares, indicating investor interest despite a negative net margin of -9.73% reported in their latest earnings.
• Institutional investors now hold 61.63% of Stratus Properties' stock, with notable increases in positions from investors like Northern Trust Corp and Bank of America Corp DE in recent quarters.

Stratus Properties Inc. (NASDAQ:STRS - Get Free Report) major shareholder Oasis Management Co Ltd. sold 1,998 shares of Stratus Properties stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $21.02, for a total value of $41,997.96. Following the transaction, the insider directly owned 1,134,878 shares in the company, valued at approximately $23,855,135.56. This trade represents a 0.18% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own more than 10% of a company's stock are required to disclose their transactions with the SEC.

Stratus Properties Trading Up 1.8%

NASDAQ STRS traded up $0.40 during trading hours on Tuesday, hitting $22.70. 1,127 shares of the company's stock were exchanged, compared to its average volume of 9,413. The firm has a market capitalization of $183.42 million, a P/E ratio of -51.59 and a beta of 1.23. The company has a debt-to-equity ratio of 0.59, a quick ratio of 3.80 and a current ratio of 3.80. The business's 50 day moving average is $18.23 and its 200-day moving average is $18.37. Stratus Properties Inc. has a 12-month low of $15.10 and a 12-month high of $27.82.

Stratus Properties (NASDAQ:STRS - Get Free Report) last issued its quarterly earnings data on Tuesday, August 12th. The financial services provider reported $0.03 earnings per share for the quarter. The firm had revenue of $11.60 million during the quarter. Stratus Properties had a negative return on equity of 1.13% and a negative net margin of 9.73%.

Hedge Funds Weigh In On Stratus Properties

A number of institutional investors have recently made changes to their positions in STRS. Ingalls & Snyder LLC raised its position in shares of Stratus Properties by 0.5% during the 2nd quarter. Ingalls & Snyder LLC now owns 900,005 shares of the financial services provider's stock valued at $16,992,000 after acquiring an additional 4,804 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Stratus Properties by 11.1% during the second quarter. Geode Capital Management LLC now owns 159,286 shares of the financial services provider's stock worth $3,008,000 after purchasing an additional 15,896 shares during the period. Hodges Capital Management Inc. grew its stake in shares of Stratus Properties by 1.5% during the second quarter. Hodges Capital Management Inc. now owns 145,470 shares of the financial services provider's stock worth $2,746,000 after buying an additional 2,100 shares during the last quarter. Tectonic Advisors LLC lifted its holdings in shares of Stratus Properties by 6.8% during the second quarter. Tectonic Advisors LLC now owns 57,995 shares of the financial services provider's stock worth $1,095,000 after purchasing an additional 3,670 shares during the period. Finally, B & T Capital Management DBA Alpha Capital Management increased its position in shares of Stratus Properties by 49.3% during the first quarter. B & T Capital Management DBA Alpha Capital Management now owns 57,872 shares of the financial services provider's stock worth $1,027,000 after acquiring an additional 19,122 shares in the last quarter. 61.63% of the stock is currently owned by institutional investors.

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.