Tidal Investments LLC Acquires 2,812 Shares of Gilat Satellite Networks Ltd. (NASDAQ:GILT)

Tidal Investments LLC increased its holdings in shares of Gilat Satellite Networks Ltd. (NASDAQ:GILT) by 4.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 63,621 shares of the communications equipment provider’s stock after purchasing an additional 2,812 shares during the quarter. Tidal Investments LLC owned approximately 0.11% of Gilat Satellite Networks worth $335,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Virtu Financial LLC acquired a new position in shares of Gilat Satellite Networks during the 3rd quarter worth approximately $61,000. GSA Capital Partners LLP acquired a new position in Gilat Satellite Networks during the third quarter worth $140,000. Foundry Partners LLC raised its position in Gilat Satellite Networks by 27.4% during the second quarter. Foundry Partners LLC now owns 826,185 shares of the communications equipment provider’s stock worth $3,693,000 after acquiring an additional 177,675 shares in the last quarter. BNP Paribas Financial Markets acquired a new stake in Gilat Satellite Networks in the third quarter valued at $27,000. Finally, Marshall Wace LLP lifted its stake in Gilat Satellite Networks by 410.2% in the second quarter. Marshall Wace LLP now owns 129,259 shares of the communications equipment provider’s stock valued at $578,000 after acquiring an additional 103,924 shares during the last quarter. Institutional investors own 35.72% of the company’s stock.

Analyst Ratings Changes

GILT has been the topic of a number of research analyst reports. William Blair initiated coverage on shares of Gilat Satellite Networks in a report on Thursday, September 26th. They issued an “outperform” rating on the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $8.50 price objective on shares of Gilat Satellite Networks in a research report on Friday, November 15th. Finally, StockNews.com raised Gilat Satellite Networks from a “buy” rating to a “strong-buy” rating in a report on Friday, November 15th.

Gilat Satellite Networks Stock Performance

Shares of GILT stock opened at $5.89 on Wednesday. Gilat Satellite Networks Ltd. has a 52 week low of $4.04 and a 52 week high of $6.66. The company has a market capitalization of $335.83 million, a price-to-earnings ratio of 20.31 and a beta of 0.59. The company has a 50-day simple moving average of $5.48 and a 200 day simple moving average of $4.96. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.84 and a current ratio of 2.17.

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.