Virtu Financial LLC Takes $61,000 Position in Gilat Satellite Networks Ltd. (NASDAQ:GILT)

Virtu Financial LLC acquired a new stake in shares of Gilat Satellite Networks Ltd. (NASDAQ:GILT) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 11,489 shares of the communications equipment provider’s stock, valued at approximately $61,000.

Several other large investors also recently bought and sold shares of GILT. BNP Paribas Financial Markets purchased a new stake in shares of Gilat Satellite Networks during the 3rd quarter valued at about $27,000. Wedbush Securities Inc. purchased a new stake in Gilat Satellite Networks in the second quarter worth approximately $46,000. Clearline Capital LP bought a new stake in Gilat Satellite Networks in the 2nd quarter worth approximately $73,000. GSA Capital Partners LLP purchased a new stake in Gilat Satellite Networks during the 3rd quarter valued at $140,000. Finally, PDT Partners LLC lifted its holdings in shares of Gilat Satellite Networks by 51.1% during the 3rd quarter. PDT Partners LLC now owns 27,453 shares of the communications equipment provider’s stock valued at $145,000 after buying an additional 9,287 shares during the period. 35.72% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on the company. StockNews.com upgraded 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 report on Thursday, September 26th. They set an “outperform” rating for the company. Finally, Needham & Company LLC reissued a “buy” rating and issued a $8.50 price objective on shares of Gilat Satellite Networks in a report on Friday, November 15th.

Gilat Satellite Networks Trading Up 0.2 %

Shares of GILT stock opened at $5.86 on Friday. Gilat Satellite Networks Ltd. has a 1 year low of $4.04 and a 1 year high of $6.66. The firm has a fifty day moving average price of $5.46 and a 200-day moving average price of $4.96. The company has a market cap of $334.12 million, a price-to-earnings ratio of 20.21 and a beta of 0.59. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.17 and a quick ratio of 1.84.

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.