Inspire Investing LLC Acquires New Holdings in Gilat Satellite Networks Ltd. (NASDAQ:GILT)

Inspire Investing LLC purchased a new position in shares of Gilat Satellite Networks Ltd. (NASDAQ:GILT - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 140,440 shares of the communications equipment provider's stock, valued at approximately $864,000. Inspire Investing LLC owned approximately 0.25% of Gilat Satellite Networks at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Tidal Investments LLC boosted its stake in Gilat Satellite Networks by 4.6% during the 3rd quarter. Tidal Investments LLC now owns 63,621 shares of the communications equipment provider's stock valued at $335,000 after purchasing an additional 2,812 shares in the last quarter. Virtu Financial LLC acquired a new position in Gilat Satellite Networks during the third quarter worth about $61,000. Clearline Capital LP raised its position in Gilat Satellite Networks by 510.5% in the third quarter. Clearline Capital LP now owns 99,409 shares of the communications equipment provider's stock worth $524,000 after acquiring an additional 83,127 shares in the last quarter. PDT Partners LLC raised its holdings in shares of Gilat Satellite Networks by 51.1% in the 3rd quarter. PDT Partners LLC now owns 27,453 shares of the communications equipment provider's stock worth $145,000 after purchasing an additional 9,287 shares in the last quarter. Finally, BNP Paribas Financial Markets acquired a new stake in Gilat Satellite Networks during the third quarter valued at approximately $27,000. 35.72% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

GILT has been the topic of a number of recent analyst reports. StockNews.com raised Gilat Satellite Networks from a "buy" rating to a "strong-buy" rating in a research report on Friday, November 15th. William Blair assumed coverage on shares of Gilat Satellite Networks in a research note on Thursday, September 26th. They set an "outperform" rating for the company. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $8.50 target price on shares of Gilat Satellite Networks in a report on Thursday, January 16th.

Gilat Satellite Networks Stock Up 2.5 %

Shares of GILT stock traded up $0.18 on Friday, reaching $7.29. 531,405 shares of the company's stock traded hands, compared to its average volume of 455,526. The company has a market capitalization of $415.65 million, a P/E ratio of 25.14 and a beta of 0.57. Gilat Satellite Networks Ltd. has a 12-month low of $4.04 and a 12-month high of $7.51. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.84 and a current ratio of 2.17. The business's 50 day moving average price is $6.00 and its two-hundred day moving average price is $5.21.

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.