GSA Capital Partners LLP Takes $140,000 Position in Gilat Satellite Networks Ltd. (NASDAQ:GILT)

GSA Capital Partners LLP acquired a new stake in Gilat Satellite Networks Ltd. (NASDAQ:GILT) in the third quarter, Holdings Channel.com reports. The firm acquired 26,549 shares of the communications equipment provider’s stock, valued at approximately $140,000.

Several other institutional investors have also recently made changes to their positions in GILT. Foundry Partners LLC boosted its holdings in Gilat Satellite Networks by 27.4% in the 2nd quarter. Foundry Partners LLC now owns 826,185 shares of the communications equipment provider’s stock valued at $3,693,000 after purchasing an additional 177,675 shares during the period. Quadrature Capital Ltd raised its position in shares of Gilat Satellite Networks by 19.6% in the first quarter. Quadrature Capital Ltd now owns 33,937 shares of the communications equipment provider’s stock worth $184,000 after buying an additional 5,559 shares in the last quarter. Marshall Wace LLP boosted its stake in Gilat Satellite Networks by 410.2% during the second quarter. Marshall Wace LLP now owns 129,259 shares of the communications equipment provider’s stock valued at $578,000 after buying an additional 103,924 shares during the period. Clearline Capital LP purchased a new position in Gilat Satellite Networks during the second quarter worth about $73,000. Finally, Wedbush Securities Inc. bought a new position in Gilat Satellite Networks in the 2nd quarter worth about $46,000. Hedge funds and other institutional investors own 35.72% of the company’s stock.

Analyst Upgrades and Downgrades

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

Gilat Satellite Networks Stock Performance

Shares of NASDAQ GILT opened at $5.55 on Tuesday. The stock has a market cap of $316.44 million, a price-to-earnings ratio of 18.52 and a beta of 0.59. The stock’s 50-day moving average is $5.10 and its 200 day moving average is $4.90. The company has a current ratio of 2.17, a quick ratio of 1.84 and a debt-to-equity ratio of 0.01. Gilat Satellite Networks Ltd. has a 1-year low of $4.04 and a 1-year high of $6.80.

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.