1 day Ago By Defense World Staff
Renaissance Technologies LLC raised its stake in shares of Karat Packaging Inc. ( NASDAQ:KRT – Free Report ) by 7.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC).
The institutional investor owned 40,815 shares of the company’s stock after buying an additional 2,700 shares during the quarter. Renaissance Technologies LLC owned about 0.20% of Karat Packaging worth $1,235,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also recently modified their holdings of the company. Geode Capital Management LLC increased its holdings in Karat Packaging by 15.5% in the 3rd quarter.
Geode Capital Management LLC now owns 178,645 shares of the company’s stock valued at $4,626,000 after acquiring an additional 24,020 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in Karat Packaging by 28.
0% during the fourth quarter. Russell Investments Group Ltd. now owns 79,645 shares of the company’s stock valued at $2,410,000 after buying an additional 17,419 shares during the last quarter.
Trexquant Investment LP purchased a new position in Karat Packaging during the 4th quarter valued at approximately $352,000. Exchange Traded Concepts LLC bought a new stake in Karat Packaging in the 4th quarter worth approximately $291,000. Finally, Barclays PLC raised its holdings in shares of Karat Packaging by 12.
5% during the 3rd quarter. Barclays PLC now owns 71,153 shares of the company’s stock worth $1,843,000 after acquiring an additional 7,911 shares in the last quarter. Institutional investors own 25.
20% of the company’s stock. Analyst Upgrades and Downgrades Separately, William Blair cut shares of Karat Packaging from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 2nd. Karat Packaging Trading Up 0.
9 % Shares of KRT stock opened at $26.26 on Wednesday. The company has a market cap of $526.
17 million, a PE ratio of 18.76 and a beta of 1.12.
The company has a debt-to-equity ratio of 0.29, a current ratio of 3.12 and a quick ratio of 1.
82. The stock’s 50 day simple moving average is $27.22 and its two-hundred day simple moving average is $28.
93. Karat Packaging Inc. has a 1 year low of $23.
00 and a 1 year high of $33.89. Karat Packaging ( NASDAQ:KRT – Get Free Report ) last issued its quarterly earnings results on Thursday, March 13th.
The company reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.
14). Karat Packaging had a return on equity of 19.84% and a net margin of 6.
78%. The company had revenue of $101.65 million during the quarter, compared to the consensus estimate of $102.
27 million. Research analysts predict that Karat Packaging Inc. will post 1.
66 earnings per share for the current year. Karat Packaging Increases Dividend The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Monday, February 24th were issued a dividend of $0.
45 per share. This represents a $1.80 annualized dividend and a yield of 6.
85%. This is an increase from Karat Packaging’s previous quarterly dividend of $0.40.
The ex-dividend date was Monday, February 24th. Karat Packaging’s dividend payout ratio is presently 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. Featured Articles Five stocks we like better than Karat Packaging Asset Allocation Strategies in Volatile Markets Don’t Be Fooled by the Bounce: The Market Storm Isn’t Over Yet What Are Trending Stocks? Trending Stocks Explained Coca-Cola Company Stock Can Bubble to New Highs This Year Russell 2000 Index, How Investors Use it For Profitable Trading 3 Stocks Lifting 2025 Guidance Despite Market Jitters 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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