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Aster Capital Management DIFC Ltd Sells 6,152 Shares of Garmin Ltd. $GRMN
Aster Capital Management DIFC Ltd significantly reduced its stake in Garmin Ltd. by 79.5% in Q3, selling 6,152 shares and retaining 1,589 shares worth $391,000. This comes alongside substantial insider selling totaling $13.65 million over three months an 81.6% institutional ownership. Despite these sales, Garmin reported strong quarterly earnings, beating expectations with $2.79 EPS and $2.12 billion in revenue, and announced a quarterly dividend of $1.05.