Gilat Satellite Networks Ltd. (NASDAQ:GILT) Stock Position Increased by Renaissance Technologies LLC

Renaissance Technologies LLC lifted its position in Gilat Satellite Networks Ltd. (NASDAQ:GILT) by 0.1% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,939,977 shares of the communications equipment provider’s stock after buying an additional 2,107 shares during the period. Renaissance Technologies LLC owned approximately 5.30% of Gilat Satellite Networks worth $24,872,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Clal Insurance Enterprises Holdings Ltd raised its stake in shares of Gilat Satellite Networks by 67.2% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 921,528 shares of the communications equipment provider’s stock worth $7,747,000 after buying an additional 370,507 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. grew its holdings in shares of Gilat Satellite Networks by 21.5% in the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 859,623 shares of the communications equipment provider’s stock worth $7,272,000 after acquiring an additional 152,153 shares during the last quarter. Meitav Dash Investments Ltd. grew its holdings in shares of Gilat Satellite Networks by 25.8% in the 1st quarter. Meitav Dash Investments Ltd. now owns 414,972 shares of the communications equipment provider’s stock worth $3,408,000 after acquiring an additional 84,992 shares during the last quarter. Menora Mivtachim Holdings LTD. grew its holdings in shares of Gilat Satellite Networks by 0.9% in the 1st quarter. Menora Mivtachim Holdings LTD. now owns 214,974 shares of the communications equipment provider’s stock worth $1,806,000 after acquiring an additional 1,892 shares during the last quarter. Finally, Sphera Funds Management LTD. grew its holdings in shares of Gilat Satellite Networks by 5.8% in the 1st quarter. Sphera Funds Management LTD. now owns 176,406 shares of the communications equipment provider’s stock worth $1,482,000 after acquiring an additional 9,743 shares during the last quarter. 16.44% of the stock is currently owned by institutional investors.

Shares of NASDAQ GILT traded down $0.01 during mid-day trading on Friday, reaching $8.37. The company had a trading volume of 3,700 shares, compared to its average volume of 19,624. The company has a current ratio of 1.68, a quick ratio of 1.47 and a debt-to-equity ratio of 0.02. The stock has a market cap of $464.60 million, a PE ratio of 26.19 and a beta of 0.66. The company has a 50-day moving average price of $8.28 and a two-hundred day moving average price of $8.55. Gilat Satellite Networks Ltd. has a 1-year low of $7.60 and a 1-year high of $10.74.

Gilat Satellite Networks (NASDAQ:GILT) last issued its earnings results on Tuesday, August 6th. The communications equipment provider reported $0.08 earnings per share (EPS) for the quarter. The business had revenue of $59.69 million for the quarter. Gilat Satellite Networks had a return on equity of 7.79% and a net margin of 7.93%.

A number of brokerages recently issued reports on GILT. ValuEngine upgraded Gilat Satellite Networks from a “hold” rating to a “buy” rating in a report on Thursday, July 11th. BidaskClub cut Gilat Satellite Networks from a “hold” rating to a “sell” rating in a report on Wednesday, September 4th.

Gilat Satellite Networks Profile

Gilat Satellite Networks Ltd., together with its subsidiaries, provides satellite-based broadband communication solutions and services in Israel, Latin America, Asia, the Asia Pacific, North America, Africa, Europe, and CIS countries. It operates through three segments: Fixed Networks, Mobility Solutions, and Terrestrial Infrastructure Projects.

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Institutional Ownership by Quarter for Gilat Satellite Networks (NASDAQ:GILT)

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