Lisanti Capital Growth LLC Buys New Holdings in Kornit Digital Ltd. (NASDAQ:KRNT)

Lisanti Capital Growth LLC purchased a new position in shares of Kornit Digital Ltd. (NASDAQ:KRNT) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 51,245 shares of the industrial products company’s stock, valued at approximately $982,000.

A number of other large investors also recently modified their holdings of the company. Van ECK Associates Corp raised its stake in Kornit Digital by 6.8% in the third quarter. Van ECK Associates Corp now owns 11,658 shares of the industrial products company’s stock valued at $220,000 after buying an additional 742 shares in the last quarter. Legacy Advisors LLC lifted its stake in Kornit Digital by 5.3% during the third quarter. Legacy Advisors LLC now owns 23,380 shares of the industrial products company’s stock worth $442,000 after purchasing an additional 1,178 shares during the last quarter. Leisure Capital Management boosted its holdings in Kornit Digital by 2.9% in the third quarter. Leisure Capital Management now owns 45,611 shares of the industrial products company’s stock valued at $863,000 after purchasing an additional 1,294 shares in the last quarter. Moody National Bank Trust Division increased its stake in Kornit Digital by 3.5% in the fourth quarter. Moody National Bank Trust Division now owns 39,819 shares of the industrial products company’s stock valued at $763,000 after purchasing an additional 1,350 shares during the last quarter. Finally, Allworth Financial LP raised its holdings in Kornit Digital by 9,252.9% during the third quarter. Allworth Financial LP now owns 1,590 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 1,573 shares in the last quarter. 92.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of Kornit Digital from a “hold” rating to a “sell” rating in a research report on Sunday.

Kornit Digital Stock Performance

Shares of NASDAQ:KRNT traded up $0.29 on Tuesday, reaching $16.67. 298,619 shares of the company were exchanged, compared to its average volume of 465,218. Kornit Digital Ltd. has a 1-year low of $13.29 and a 1-year high of $31.94. The company has a 50-day moving average of $16.97 and a 200-day moving average of $17.32.

Kornit Digital (NASDAQ:KRNT) last issued its quarterly earnings data on Wednesday, February 14th. The industrial products company reported ($0.04) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.08. The business had revenue of $56.59 million during the quarter, compared to analysts’ expectations of $57.35 million. Kornit Digital had a negative net margin of 29.28% and a negative return on equity of 5.05%. Analysts expect that Kornit Digital Ltd. will post -0.28 earnings per share for the current fiscal year.

Kornit Digital Profile

Kornit Digital Ltd. develops, designs, and markets digital printing solutions for the fashion, apparel, and home decor segments of printed textile industry in the United States, Europe, the Middle East, Africa, the Asia Pacific, and internationally. Its solutions include digital printing systems, ink and other consumables, associated software, and value-added services.