Gilat Satellite Networks Ltd. (NASDAQ:GILT – Get Free Report) was the recipient of a large decrease in short interest in the month of December. As of December 31st, there was short interest totalling 190,000 shares, a decrease of 23.2% from the December 15th total of 247,500 shares. Based on an average trading volume of 286,700 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.3% of the company’s shares are sold short.
Hedge Funds Weigh In On Gilat Satellite Networks
Several hedge funds and other institutional investors have recently bought and sold shares of GILT. Tidal Investments LLC raised its position in shares of Gilat Satellite Networks by 4.6% in the 3rd quarter. Tidal Investments LLC now owns 63,621 shares of the communications equipment provider’s stock worth $335,000 after acquiring an additional 2,812 shares in the last quarter. BNP Paribas Financial Markets acquired a new stake in Gilat Satellite Networks during the third quarter worth approximately $27,000. Foundry Partners LLC increased its holdings in Gilat Satellite Networks by 1.0% in the third quarter. Foundry Partners LLC now owns 834,230 shares of the communications equipment provider’s stock worth $4,396,000 after purchasing an additional 8,045 shares in the last quarter. PDT Partners LLC lifted its stake in Gilat Satellite Networks by 51.1% in the third quarter. PDT Partners LLC now owns 27,453 shares of the communications equipment provider’s stock valued at $145,000 after buying an additional 9,287 shares during the period. Finally, Virtu Financial LLC bought a new position in shares of Gilat Satellite Networks during the 3rd quarter worth approximately $61,000. Institutional investors and hedge funds own 35.72% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently commented on GILT shares. William Blair initiated coverage on shares of Gilat Satellite Networks in a report on Thursday, September 26th. They set an “outperform” rating on the stock. StockNews.com raised Gilat Satellite Networks from a “buy” rating to a “strong-buy” rating in a report on Friday, November 15th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $8.50 price target on shares of Gilat Satellite Networks in a research note on Thursday.
Gilat Satellite Networks Stock Up 1.4 %
Gilat Satellite Networks stock opened at $6.67 on Friday. The firm has a 50 day moving average price of $5.91 and a two-hundred day moving average price of $5.15. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.84 and a current ratio of 2.17. Gilat Satellite Networks has a 52-week low of $4.04 and a 52-week high of $6.82. The firm has a market cap of $380.32 million, a price-to-earnings ratio of 23.00 and a beta of 0.57.
About Gilat Satellite Networks
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.
Further Reading
- Five stocks we like better than Gilat Satellite Networks
- How to Capture the Benefits of Dividend Increases
- AI Demand Sparks Opportunities for These 3 Nuclear Energy Leaders
- What Makes a Stock a Good Dividend Stock?
- TSMC: Long-Term Outlook Still Strong as Geopolitical Risk Rises
- Dividend King Proctor & Gamble Is A Buy On Post-Earnings Weakness
- Uber’s NVIDIA Deal and Buybacks Signal Major Upside
Receive News & Ratings for Gilat Satellite Networks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gilat Satellite Networks and related companies with MarketBeat.com's FREE daily email newsletter.
