Ituran Location and Control Ltd. (NASDAQ:ITRN) Short Interest Update

Ituran Location and Control Ltd. (NASDAQ:ITRN) saw a significant increase in short interest in the month of October. As of October 31st, there was short interest totalling 56,600 shares, an increase of 45.9% from the October 15th total of 38,800 shares. Based on an average daily volume of 71,900 shares, the short-interest ratio is currently 0.8 days. Approximately 0.4% of the company’s shares are sold short.

Ituran Location and Control Stock Performance

Shares of ITRN traded down $0.66 during trading hours on Friday, hitting $26.75. The stock had a trading volume of 76,632 shares, compared to its average volume of 57,356. Ituran Location and Control has a 12-month low of $24.12 and a 12-month high of $30.00. The firm has a market cap of $532.16 million, a P/E ratio of 10.49 and a beta of 1.14. The company’s fifty day simple moving average is $27.01 and its 200 day simple moving average is $26.69.

Ituran Location and Control (NASDAQ:ITRN) last released its quarterly earnings data on Monday, August 19th. The industrial products company reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.05. Ituran Location and Control had a return on equity of 28.43% and a net margin of 15.42%. The company had revenue of $84.87 million for the quarter.

Ituran Location and Control Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 9th. Shareholders of record on Thursday, September 26th were paid a dividend of $0.39 per share. The ex-dividend date was Thursday, September 26th. This represents a $1.56 annualized dividend and a yield of 5.83%. Ituran Location and Control’s dividend payout ratio is currently 61.18%.

Hedge Funds Weigh In On Ituran Location and Control

Hedge funds have recently made changes to their positions in the business. Blair William & Co. IL acquired a new stake in Ituran Location and Control in the 1st quarter valued at $203,000. Acadian Asset Management LLC raised its holdings in shares of Ituran Location and Control by 11.6% during the 1st quarter. Acadian Asset Management LLC now owns 398,740 shares of the industrial products company’s stock valued at $11,117,000 after buying an additional 41,570 shares during the period. O Shaughnessy Asset Management LLC lifted its position in Ituran Location and Control by 7.0% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 37,966 shares of the industrial products company’s stock worth $1,062,000 after acquiring an additional 2,469 shares in the last quarter. Heron Bay Capital Management boosted its holdings in Ituran Location and Control by 18.3% in the 1st quarter. Heron Bay Capital Management now owns 9,982 shares of the industrial products company’s stock worth $279,000 after acquiring an additional 1,541 shares during the period. Finally, Quadrature Capital Ltd grew its position in Ituran Location and Control by 17.4% in the first quarter. Quadrature Capital Ltd now owns 48,451 shares of the industrial products company’s stock valued at $1,355,000 after acquiring an additional 7,166 shares in the last quarter. Hedge funds and other institutional investors own 94.80% of the company’s stock.

About Ituran Location and Control

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.