Gilat Satellite Networks Ltd. (NASDAQ:GILT) Shares Acquired by Foundry Partners LLC

Foundry Partners LLC increased its holdings in Gilat Satellite Networks Ltd. (NASDAQ:GILT) by 1.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 834,230 shares of the communications equipment provider’s stock after buying an additional 8,045 shares during the quarter. Foundry Partners LLC owned about 1.46% of Gilat Satellite Networks worth $4,396,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. GSA Capital Partners LLP acquired a new stake in Gilat Satellite Networks during the third quarter valued at $140,000. ARK Investment Management LLC boosted its holdings in shares of Gilat Satellite Networks by 7.9% in the 3rd quarter. ARK Investment Management LLC now owns 434,963 shares of the communications equipment provider’s stock worth $2,292,000 after acquiring an additional 31,714 shares in the last quarter. Van ECK Associates Corp lifted its holdings in Gilat Satellite Networks by 60.9% during the 3rd quarter. Van ECK Associates Corp now owns 35,984 shares of the communications equipment provider’s stock worth $175,000 after buying an additional 13,625 shares in the last quarter. Clearline Capital LP bought a new stake in shares of Gilat Satellite Networks during the 2nd quarter valued at $73,000. Finally, Marshall Wace LLP raised its position in shares of Gilat Satellite Networks by 410.2% during the 2nd quarter. Marshall Wace LLP now owns 129,259 shares of the communications equipment provider’s stock valued at $578,000 after acquiring an additional 103,924 shares during the last quarter. 35.72% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. 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. Needham & Company LLC restated a “buy” rating and issued a $8.50 target price on shares of Gilat Satellite Networks in a research report on Friday, November 15th. Finally, William Blair started coverage on shares of Gilat Satellite Networks in a report on Thursday, September 26th. They issued an “outperform” rating on the stock.

Gilat Satellite Networks Trading Down 1.2 %

NASDAQ:GILT opened at $5.21 on Friday. Gilat Satellite Networks Ltd. has a 12 month low of $4.04 and a 12 month high of $6.80. The stock has a market cap of $296.79 million, a price-to-earnings ratio of 18.17 and a beta of 0.59. The company has a 50-day moving average price of $5.07 and a 200-day moving average price of $4.91. 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 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.