Janus Henderson Group PLC Has $688,000 Position in Karat Packaging Inc. (NASDAQ:KRT)

Janus Henderson Group PLC raised its stake in shares of Karat Packaging Inc. (NASDAQ:KRT) by 7.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 26,567 shares of the company’s stock after purchasing an additional 1,760 shares during the period. Janus Henderson Group PLC owned 0.13% of Karat Packaging worth $688,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of KRT. Rhumbline Advisers lifted its position in shares of Karat Packaging by 4.4% during the 2nd quarter. Rhumbline Advisers now owns 9,203 shares of the company’s stock worth $272,000 after purchasing an additional 387 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Karat Packaging by 5.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 19,720 shares of the company’s stock worth $511,000 after buying an additional 1,053 shares during the last quarter. Janney Montgomery Scott LLC boosted its position in shares of Karat Packaging by 4.2% in the third quarter. Janney Montgomery Scott LLC now owns 28,488 shares of the company’s stock valued at $738,000 after acquiring an additional 1,148 shares during the period. US Bancorp DE acquired a new stake in shares of Karat Packaging in the third quarter worth $30,000. Finally, Ellsworth Advisors LLC increased its position in Karat Packaging by 6.8% during the third quarter. Ellsworth Advisors LLC now owns 21,783 shares of the company’s stock worth $564,000 after acquiring an additional 1,381 shares during the period. Institutional investors own 25.20% of the company’s stock.

Karat Packaging Price Performance

Shares of KRT stock opened at $32.44 on Friday. The company has a market capitalization of $649.58 million, a P/E ratio of 23.17 and a beta of 1.08. The company has a current ratio of 3.12, a quick ratio of 1.82 and a debt-to-equity ratio of 0.29. Karat Packaging Inc. has a 12 month low of $22.25 and a 12 month high of $32.70. The stock has a 50 day moving average of $28.89 and a two-hundred day moving average of $27.75.

Karat Packaging Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Wednesday, November 20th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Wednesday, November 20th. This represents a $1.60 dividend on an annualized basis and a yield of 4.93%. This is an increase from Karat Packaging’s previous quarterly dividend of $0.35. Karat Packaging’s payout ratio is currently 114.29%.

Analyst Ratings Changes

Separately, Stifel Nicolaus increased their price target on shares of Karat Packaging from $32.00 to $36.00 and gave the company a “buy” rating in a report on Wednesday.

Karat Packaging Profile

Karat Packaging Inc, together with its subsidiaries, engages in the manufacture and distribution of single-use disposable products in plastic, paper, biopolymer-based, and other compostable forms used in various restaurant and foodservice settings. It provides food and take-out containers, bags, tableware, cups, lids, cutlery, straws, specialty beverage ingredients, equipment, gloves, and other products under the Karat Earth brand.