Karat Packaging Inc. (NASDAQ:KRT) Shares Purchased by GSA Capital Partners LLP

GSA Capital Partners LLP raised its holdings in Karat Packaging Inc. (NASDAQ:KRT) by 186.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 34,366 shares of the company’s stock after acquiring an additional 22,365 shares during the quarter. GSA Capital Partners LLP owned 0.17% of Karat Packaging worth $890,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in KRT. US Bancorp DE bought a new stake in shares of Karat Packaging during the 3rd quarter worth $30,000. Gladius Capital Management LP purchased a new position in Karat Packaging in the 2nd quarter worth about $33,000. Copeland Capital Management LLC acquired a new stake in Karat Packaging during the 3rd quarter worth about $49,000. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in Karat Packaging during the second quarter valued at about $52,000. Finally, Nisa Investment Advisors LLC boosted its holdings in shares of Karat Packaging by 497.7% in the third quarter. Nisa Investment Advisors LLC now owns 3,676 shares of the company’s stock worth $95,000 after buying an additional 3,061 shares during the period. Institutional investors own 25.20% of the company’s stock.

Analyst Ratings Changes

Separately, Truist Financial downgraded shares of Karat Packaging from a “buy” rating to a “hold” rating and reduced their price target for the company from $34.00 to $28.00 in a research report on Friday, August 9th.

Karat Packaging Stock Down 2.6 %

NASDAQ:KRT opened at $29.48 on Friday. The business’s fifty day moving average price is $26.76 and its 200 day moving average price is $27.40. The firm has a market capitalization of $590.31 million, a price-to-earnings ratio of 21.06 and a beta of 1.03. The company has a current ratio of 3.12, a quick ratio of 1.62 and a debt-to-equity ratio of 0.29. Karat Packaging Inc. has a 1-year low of $20.93 and a 1-year high of $31.21.

Karat Packaging Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Wednesday, November 20th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.43%. This is a positive change from Karat Packaging’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend is Wednesday, November 20th. Karat Packaging’s dividend payout ratio is 114.29%.

Karat Packaging Profile

Karat Packaging Inc, together with its subsidiaries, engages in the manufacture and distribution of single-use disposable products in plastic, paper, biopolymer-based, and other compostable forms used in various restaurant and foodservice settings. It provides food and take-out containers, bags, tableware, cups, lids, cutlery, straws, specialty beverage ingredients, equipment, gloves, and other products under the Karat Earth brand.