R Squared Ltd Invests $117,000 in Ituran Location and Control Ltd. (NASDAQ:ITRN)

R Squared Ltd bought a new stake in shares of Ituran Location and Control Ltd. (NASDAQ:ITRN) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 3,760 shares of the industrial products company’s stock, valued at approximately $117,000.

A number of other hedge funds have also recently bought and sold shares of ITRN. Rice Hall James & Associates LLC increased its holdings in shares of Ituran Location and Control by 16.4% during the 3rd quarter. Rice Hall James & Associates LLC now owns 516,699 shares of the industrial products company’s stock worth $13,713,000 after purchasing an additional 72,656 shares during the period. HighTower Advisors LLC bought a new position in Ituran Location and Control during the third quarter valued at about $767,000. Assenagon Asset Management S.A. bought a new position in Ituran Location and Control during the fourth quarter valued at about $835,000. Segall Bryant & Hamill LLC raised its holdings in Ituran Location and Control by 43.6% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 84,600 shares of the industrial products company’s stock valued at $2,245,000 after acquiring an additional 25,700 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Ituran Location and Control by 77.7% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 44,634 shares of the industrial products company’s stock worth $1,185,000 after acquiring an additional 19,514 shares during the period. 94.80% of the stock is owned by institutional investors.

Ituran Location and Control Trading Up 0.6 %

ITRN opened at $33.10 on Friday. The stock’s 50 day simple moving average is $31.24 and its 200-day simple moving average is $28.49. The stock has a market cap of $658.36 million, a PE ratio of 12.68 and a beta of 1.15. Ituran Location and Control Ltd. has a 1 year low of $24.12 and a 1 year high of $34.35.

Ituran Location and Control (NASDAQ:ITRN) last announced its quarterly earnings results on Thursday, November 21st. The industrial products company reported $0.69 earnings per share (EPS) for the quarter. Ituran Location and Control had a net margin of 15.65% and a return on equity of 28.31%.

Ituran Location and Control Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Monday, December 23rd were paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 4.71%. The ex-dividend date of this dividend was Monday, December 23rd. Ituran Location and Control’s dividend payout ratio is 59.77%.

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.