Delphi Management Inc. MA Buys 1,816 Shares of Ituran Location and Control Ltd. (NASDAQ:ITRN)

Delphi Management Inc. MA boosted its stake in shares of Ituran Location and Control Ltd. (NASDAQ:ITRN) by 2.9% during the second quarter, Holdings Channel reports. The fund owned 63,522 shares of the industrial products company’s stock after acquiring an additional 1,816 shares during the period. Delphi Management Inc. MA’s holdings in Ituran Location and Control were worth $1,565,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Aristides Capital LLC lifted its position in Ituran Location and Control by 25.7% during the 4th quarter. Aristides Capital LLC now owns 145,782 shares of the industrial products company’s stock valued at $3,971,000 after purchasing an additional 29,830 shares during the period. LSV Asset Management acquired a new position in Ituran Location and Control during the 1st quarter valued at about $875,000. Acadian Asset Management LLC lifted its position in Ituran Location and Control by 21.3% during the 2nd quarter. Acadian Asset Management LLC now owns 483,763 shares of the industrial products company’s stock valued at $11,884,000 after purchasing an additional 85,023 shares during the period. Rice Hall James & Associates LLC lifted its position in Ituran Location and Control by 8.2% during the 2nd quarter. Rice Hall James & Associates LLC now owns 444,043 shares of the industrial products company’s stock valued at $10,941,000 after purchasing an additional 33,593 shares during the period. Finally, Blair William & Co. IL acquired a new position in Ituran Location and Control during the 1st quarter valued at about $203,000. Institutional investors own 94.80% of the company’s stock.

Ituran Location and Control Trading Up 0.1 %

Ituran Location and Control stock opened at $26.54 on Tuesday. Ituran Location and Control Ltd. has a 1 year low of $24.01 and a 1 year high of $30.10. The company has a market cap of $527.99 million, a PE ratio of 10.62 and a beta of 1.15. The company’s 50-day moving average is $27.14 and its two-hundred day moving average is $26.70.

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 analysts’ consensus estimates of $0.61 by $0.05. Ituran Location and Control had a net margin of 15.42% and a return on equity of 28.43%. The company had revenue of $84.87 million for the quarter.

Ituran Location and Control Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 9th. Investors of record on Thursday, September 26th will be given a $0.39 dividend. The ex-dividend date of this dividend is Thursday, September 26th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 5.88%. Ituran Location and Control’s dividend payout ratio is 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.