1 week Ago By ABMN Staff
Trexquant Investment LP bought a new stake in Karat Packaging Inc. ( NASDAQ:KRT – Free Report ) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 11,636 shares of the company’s stock, valued at approximately $352,000.
A number of other hedge funds also recently modified their holdings of KRT. American Century Companies Inc. grew its holdings in shares of Karat Packaging by 3.
4% during the fourth quarter. American Century Companies Inc. now owns 187,549 shares of the company’s stock valued at $5,675,000 after buying an additional 6,224 shares in the last quarter.
Geode Capital Management LLC boosted its position in Karat Packaging by 2.0% during the 4th quarter. Geode Capital Management LLC now owns 182,271 shares of the company’s stock worth $5,517,000 after acquiring an additional 3,626 shares during the period.
Barclays PLC grew its stake in Karat Packaging by 12.5% during the 3rd quarter. Barclays PLC now owns 71,153 shares of the company’s stock valued at $1,843,000 after acquiring an additional 7,911 shares in the last quarter.
Janney Montgomery Scott LLC increased its holdings in shares of Karat Packaging by 21.7% in the 4th quarter. Janney Montgomery Scott LLC now owns 34,666 shares of the company’s stock valued at $1,049,000 after purchasing an additional 6,178 shares during the period.
Finally, Janus Henderson Group PLC lifted its position in shares of Karat Packaging by 7.1% in the third quarter. Janus Henderson Group PLC now owns 26,567 shares of the company’s stock worth $688,000 after purchasing an additional 1,760 shares in the last quarter.
Hedge funds and other institutional investors own 25.20% of the company’s stock. Wall Street Analysts Forecast Growth Separately, William Blair downgraded shares of Karat Packaging from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 2nd.
Karat Packaging Price Performance Shares of NASDAQ:KRT opened at $24.69 on Monday. The firm has a market cap of $494.
71 million, a price-to-earnings ratio of 17.64 and a beta of 1.12.
Karat Packaging Inc. has a 1 year low of $23.00 and a 1 year high of $33.
89. The company has a current ratio of 3.12, a quick ratio of 1.
82 and a debt-to-equity ratio of 0.29. The business has a fifty day simple moving average of $28.
67 and a 200 day simple moving average of $29.00. Karat Packaging ( NASDAQ:KRT – Get Free Report ) last posted its quarterly earnings results on Thursday, March 13th.
The company reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.
14). The firm had revenue of $101.65 million for the quarter, compared to analysts’ expectations of $102.
27 million. Karat Packaging had a return on equity of 19.84% and a net margin of 6.
78%. As a group, sell-side analysts predict that Karat Packaging Inc. will post 1.
66 earnings per share for the current fiscal year. Karat Packaging Increases Dividend The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Monday, February 24th were paid a dividend of $0.
45 per share. This is a positive change from Karat Packaging’s previous quarterly dividend of $0.40.
The ex-dividend date was Monday, February 24th. This represents a $1.80 annualized dividend and a dividend yield of 7.
29%. Karat Packaging’s dividend payout ratio is 120.81%.
Karat Packaging Company Profile ( Free Report ) Karat Packaging Inc, together with its subsidiaries, engages in the manufacture and distribution of single-use disposable products in plastic, paper, biopolymer-based, and other compostable forms used in various restaurant and foodservice settings. It provides food and take-out containers, bags, tableware, cups, lids, cutlery, straws, specialty beverage ingredients, equipment, gloves, and other products under the Karat Earth brand. Read More Want to see what other hedge funds are holding KRT? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Karat Packaging Inc. ( NASDAQ:KRT – Free Report ). Receive News & Ratings for Karat Packaging Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Karat Packaging and related companies with MarketBeat.
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