Lbp Am Sa Buys 158,468 Shares of Gilat Satellite Networks Ltd. (NASDAQ:GILT)

Lbp Am Sa raised its stake in Gilat Satellite Networks Ltd. (NASDAQ:GILT) by 83.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 347,268 shares of the communications equipment provider’s stock after buying an additional 158,468 shares during the quarter. Lbp Am Sa owned about 0.61% of Gilat Satellite Networks worth $2,136,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the stock. Foundry Partners LLC lifted its stake 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 valued at $4,396,000 after buying an additional 8,045 shares in the last quarter. Inspire Investing LLC bought a new position in Gilat Satellite Networks in the fourth quarter valued at approximately $864,000. Van ECK Associates Corp lifted its stake in Gilat Satellite Networks by 279.0% in the fourth quarter. Van ECK Associates Corp now owns 136,380 shares of the communications equipment provider’s stock valued at $839,000 after buying an additional 100,396 shares in the last quarter. Clearline Capital LP lifted its stake in 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. Finally, Tidal Investments LLC lifted its stake in Gilat Satellite Networks by 4.6% in the third quarter. Tidal Investments LLC now owns 63,621 shares of the communications equipment provider’s stock valued at $335,000 after buying an additional 2,812 shares in the last quarter. Institutional investors own 35.72% of the company’s stock.

Wall Street Analysts Forecast Growth

GILT has been the topic of a number of recent research reports. StockNews.com downgraded shares of Gilat Satellite Networks from a “strong-buy” rating to a “buy” rating in a report on Friday, March 7th. Needham & Company LLC reiterated a “buy” rating and issued a $8.50 price objective on shares of Gilat Satellite Networks in a report on Wednesday, February 26th.

Gilat Satellite Networks Price Performance

NASDAQ GILT opened at $7.04 on Friday. The company has a quick ratio of 2.14, a current ratio of 2.52 and a debt-to-equity ratio of 0.01. Gilat Satellite Networks Ltd. has a 12-month low of $4.04 and a 12-month high of $8.05. The company has a market capitalization of $401.40 million, a PE ratio of 16.00 and a beta of 0.62. The firm’s 50 day moving average is $7.02 and its 200-day moving average is $5.89.

Gilat Satellite Networks (NASDAQ:GILT) last issued its earnings results on Wednesday, February 12th. The communications equipment provider reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.01. Gilat Satellite Networks had a net margin of 8.14% and a return on equity of 9.74%. Equities research analysts anticipate that Gilat Satellite Networks Ltd. will post 0.5 earnings per share for the current fiscal year.

Gilat Satellite Networks Company 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.