Foundry Partners LLC Buys 8,045 Shares of Gilat Satellite Networks Ltd. (NASDAQ:GILT)

Foundry Partners LLC increased its holdings in Gilat Satellite Networks Ltd. (NASDAQ:GILT) by 1.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 834,230 shares of the communications equipment provider’s stock after purchasing an additional 8,045 shares during the quarter. Foundry Partners LLC’s holdings in Gilat Satellite Networks were worth $4,396,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Quadrature Capital Ltd raised its holdings in shares of Gilat Satellite Networks by 19.6% in the 1st quarter. Quadrature Capital Ltd now owns 33,937 shares of the communications equipment provider’s stock worth $184,000 after acquiring an additional 5,559 shares during the last quarter. AWM Investment Company Inc. bought a new position in Gilat Satellite Networks in the 1st quarter worth approximately $4,201,000. Tidal Investments LLC purchased a new stake in Gilat Satellite Networks in the 1st quarter worth approximately $316,000. LA Financiere DE L Echiquier lifted its stake in Gilat Satellite Networks by 20.4% in the 2nd quarter. LA Financiere DE L Echiquier now owns 188,800 shares of the communications equipment provider’s stock worth $844,000 after purchasing an additional 32,000 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. purchased a new stake in Gilat Satellite Networks in the 2nd quarter worth approximately $69,000. Institutional investors own 35.72% of the company’s stock.

Gilat Satellite Networks Stock Down 1.2 %

GILT stock opened at $5.21 on Friday. Gilat Satellite Networks Ltd. has a 1-year low of $4.04 and a 1-year high of $6.80. The business has a fifty day moving average price of $5.07 and a 200-day moving average price of $4.91. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.17 and a quick ratio of 1.84. The stock has a market capitalization of $296.79 million, a P/E ratio of 18.17 and a beta of 0.59.

Analysts Set New Price Targets

Several analysts have recently weighed in on GILT shares. Needham & Company LLC restated a “buy” rating and set a $8.50 price objective on shares of Gilat Satellite Networks in a research report on Friday, November 15th. William Blair assumed coverage on shares of Gilat Satellite Networks in a research report on Thursday, September 26th. They issued an “outperform” rating on the stock. Finally, StockNews.com upgraded shares of Gilat Satellite Networks from a “buy” rating to a “strong-buy” rating in a research report on Friday, November 15th.

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.