2 weeks Ago By ABMN Staff
Russell Investments Group Ltd. grew its position in shares of Karat Packaging Inc. ( NASDAQ:KRT – Free Report ) by 28.
0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 79,645 shares of the company’s stock after acquiring an additional 17,419 shares during the period. Russell Investments Group Ltd.
owned about 0.40% of Karat Packaging worth $2,410,000 as of its most recent SEC filing. Several other hedge funds and other institutional investors have also recently modified their holdings of the company.
Wells Fargo & Company MN boosted its holdings in Karat Packaging by 20.8% in the fourth quarter. Wells Fargo & Company MN now owns 5,538 shares of the company’s stock valued at $168,000 after acquiring an additional 955 shares in the last quarter.
Trexquant Investment LP purchased a new stake in shares of Karat Packaging in the 4th quarter worth about $352,000. Geode Capital Management LLC boosted its stake in shares of Karat Packaging by 2.0% during the 4th quarter.
Geode Capital Management LLC now owns 182,271 shares of the company’s stock valued at $5,517,000 after purchasing an additional 3,626 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Karat Packaging by 3.
4% during the 4th quarter. American Century Companies Inc. now owns 187,549 shares of the company’s stock valued at $5,675,000 after purchasing an additional 6,224 shares in the last quarter.
Finally, Copeland Capital Management LLC increased its position in shares of Karat Packaging by 38.4% during the fourth quarter. Copeland Capital Management LLC now owns 2,604 shares of the company’s stock valued at $79,000 after buying an additional 722 shares during the period.
25.20% of the stock is owned by institutional investors. Analysts Set New Price Targets Separately, William Blair cut Karat Packaging from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 2nd.
Karat Packaging Stock Performance Shares of Karat Packaging stock opened at $24.39 on Friday. The business has a fifty day simple moving average of $28.
10 and a two-hundred day simple moving average of $28.92. The firm has a market capitalization of $488.
70 million, a P/E ratio of 17.42 and a beta of 1.12.
The company has a current ratio of 3.12, a quick ratio of 1.82 and a debt-to-equity ratio of 0.
29. Karat Packaging Inc. has a 12 month low of $23.
00 and a 12 month high of $33.89. Karat Packaging ( NASDAQ:KRT – Get Free Report ) last announced its quarterly earnings data 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). Karat Packaging had a return on equity of 19.84% and a net margin of 6.
78%. The business had revenue of $101.65 million during the quarter, compared to analysts’ expectations of $102.
27 million. On average, equities analysts forecast that Karat Packaging Inc. will post 1.
66 earnings per share for the current fiscal year. Karat Packaging Increases Dividend The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Monday, February 24th were issued a dividend of $0.
45 per share. The ex-dividend date was Monday, February 24th. This is an increase from Karat Packaging’s previous quarterly dividend of $0.
40. This represents a $1.80 annualized dividend and a dividend yield of 7.
38%. Karat Packaging’s dividend payout ratio (DPR) is presently 120.81%.
Karat Packaging 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 Stories 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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