140,440 Shares in Gilat Satellite Networks Ltd. (NASDAQ:GILT) Bought by Inspire Investing LLC

Inspire Investing LLC acquired a new stake in Gilat Satellite Networks Ltd. (NASDAQ:GILT) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 140,440 shares of the communications equipment provider’s stock, valued at approximately $864,000.

A number of other large investors have also modified their holdings of GILT. Tidal Investments LLC grew its position in shares of Gilat Satellite Networks by 4.6% during the 3rd quarter. Tidal Investments LLC now owns 63,621 shares of the communications equipment provider’s stock valued at $335,000 after acquiring an additional 2,812 shares during the period. Virtu Financial LLC acquired a new stake in Gilat Satellite Networks in the third quarter valued at approximately $61,000. Clearline Capital LP increased its position in shares of Gilat Satellite Networks by 510.5% in the third quarter. Clearline Capital LP now owns 99,409 shares of the communications equipment provider’s stock valued at $524,000 after buying an additional 83,127 shares in the last quarter. PDT Partners LLC raised its stake in shares of Gilat Satellite Networks by 51.1% during the 3rd quarter. PDT Partners LLC now owns 27,453 shares of the communications equipment provider’s stock worth $145,000 after buying an additional 9,287 shares during the period. Finally, BNP Paribas Financial Markets purchased a new position in shares of Gilat Satellite Networks during the 3rd quarter valued at approximately $27,000. Institutional investors and hedge funds own 35.72% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. William Blair initiated coverage on shares of Gilat Satellite Networks in a research report on Thursday, September 26th. They set an “outperform” rating for the company. StockNews.com upgraded Gilat Satellite Networks from a “buy” rating to a “strong-buy” rating in a research note on Friday, November 15th. Finally, 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 Thursday, January 16th.

Gilat Satellite Networks Stock Performance

NASDAQ:GILT opened at $7.11 on Friday. The company has a market cap of $405.41 million, a P/E ratio of 24.52 and a beta of 0.57. Gilat Satellite Networks Ltd. has a twelve month low of $4.04 and a twelve month high of $7.33. The company’s 50-day moving average price is $6.00 and its 200-day moving average price is $5.21. 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.