Foundry Partners LLC Has $5.59 Million Stock Holdings in Gilat Satellite Networks Ltd. (NASDAQ:GILT)

Foundry Partners LLC increased its position in Gilat Satellite Networks Ltd. (NASDAQ:GILT - Free Report) by 9.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 909,490 shares of the communications equipment provider's stock after acquiring an additional 75,260 shares during the quarter. Foundry Partners LLC owned about 1.60% of Gilat Satellite Networks worth $5,593,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. BNP Paribas Financial Markets acquired a new stake in shares of Gilat Satellite Networks during the 3rd quarter worth approximately $27,000. Virtu Financial LLC acquired a new stake in Gilat Satellite Networks during the third quarter worth $61,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in shares of Gilat Satellite Networks in the 4th quarter valued at $85,000. Heron Bay Capital Management acquired a new stake in shares of Gilat Satellite Networks during the 4th quarter valued at about $88,000. Finally, LPL Financial LLC bought a new stake in Gilat Satellite Networks in the fourth quarter valued at about $132,000. Institutional investors and hedge funds own 35.72% of the company's stock.

Analyst Ratings Changes

A number of research firms have weighed in on GILT. StockNews.com downgraded Gilat Satellite Networks from a "strong-buy" rating to a "buy" rating in a report on Friday, March 7th. Needham & Company LLC reaffirmed a "buy" rating and issued a $8.50 price target on shares of Gilat Satellite Networks in a research note on Wednesday, February 26th.

Gilat Satellite Networks Trading Down 2.8 %

Shares of NASDAQ:GILT traded down $0.17 during trading on Thursday, hitting $5.88. 108,749 shares of the company's stock were exchanged, compared to its average volume of 287,858. The firm has a 50-day moving average price of $6.85 and a two-hundred day moving average price of $6.12. Gilat Satellite Networks Ltd. has a 1-year low of $4.04 and a 1-year high of $8.05. The firm has a market cap of $335.26 million, a P/E ratio of 13.24 and a beta of 0.49. The company has a current ratio of 2.52, a quick ratio of 2.14 and a debt-to-equity ratio of 0.01.

Gilat Satellite Networks (NASDAQ:GILT - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The communications equipment provider reported $0.15 earnings per share for the quarter, beating 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 analysts predict that Gilat Satellite Networks Ltd. will post 0.5 earnings per share for the current year.

About Gilat Satellite Networks

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.