26,549 Shares in Gilat Satellite Networks Ltd. (NASDAQ:GILT) Acquired by GSA Capital Partners LLP

GSA Capital Partners LLP acquired a new stake in shares of Gilat Satellite Networks Ltd. (NASDAQ:GILT) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 26,549 shares of the communications equipment provider’s stock, valued at approximately $140,000.

A number of other institutional investors also recently modified their holdings of GILT. Wedbush Securities Inc. bought a new stake in Gilat Satellite Networks during the 2nd quarter valued at $46,000. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of Gilat Satellite Networks during the second quarter worth about $69,000. Clearline Capital LP acquired a new stake in shares of Gilat Satellite Networks in the 2nd quarter worth about $73,000. Van ECK Associates Corp lifted its position in Gilat Satellite Networks by 60.9% in the 3rd quarter. Van ECK Associates Corp now owns 35,984 shares of the communications equipment provider’s stock valued at $175,000 after acquiring an additional 13,625 shares in the last quarter. Finally, Quadrature Capital Ltd boosted its stake in Gilat Satellite Networks by 19.6% during the 1st quarter. Quadrature Capital Ltd now owns 33,937 shares of the communications equipment provider’s stock valued at $184,000 after purchasing an additional 5,559 shares during the last quarter. 35.72% of the stock is owned by institutional investors and hedge funds.

Gilat Satellite Networks Trading Up 5.9 %

NASDAQ GILT opened at $5.55 on Tuesday. The stock has a market capitalization of $316.44 million, a price-to-earnings ratio of 18.52 and a beta of 0.59. The business’s fifty day moving average is $5.10 and its 200-day moving average is $4.90. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.17 and a quick ratio of 1.84. Gilat Satellite Networks Ltd. has a one year low of $4.04 and a one year high of $6.80.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on GILT shares. William Blair began coverage on Gilat Satellite Networks in a research note on Thursday, September 26th. They issued an “outperform” rating for the company. Needham & Company LLC restated a “buy” rating and set a $8.50 price objective on shares of Gilat Satellite Networks in a research note on Friday, November 15th. Finally, StockNews.com upgraded shares of Gilat Satellite Networks from a “buy” rating to a “strong-buy” rating in a research note on Friday, November 15th.

Gilat Satellite Networks Profile

Gilat Satellite Networks Ltd., together with its subsidiaries, provides satellite-based broadband communication solutions in Israel, the United States, Peru, and internationally. It operates in three segments: Satellite Networks, Integrated Solutions, and Network Infrastructure and Services. Its portfolio consists of cloud-based satellite network platform, very small aperture terminals, amplifiers, modems, on-the-move antennas, solid state power amplifiers, block upconverters, transceivers, and defense ground systems and field services.