Gilat Satellite Networks Ltd. (NASDAQ:GILT) Short Interest Update

Gilat Satellite Networks Ltd. (NASDAQ:GILT) saw a significant increase in short interest in the month of November. As of November 30th, there was short interest totalling 147,800 shares, an increase of 9.6% from the November 15th total of 134,900 shares. Approximately 0.3% of the company’s shares are sold short. Based on an average daily volume of 239,200 shares, the short-interest ratio is currently 0.6 days.

Hedge Funds Weigh In On Gilat Satellite Networks

A number of hedge funds have recently made changes to their positions in the business. Tidal Investments LLC boosted its position in Gilat Satellite Networks by 4.6% during the 3rd quarter. Tidal Investments LLC now owns 63,621 shares of the communications equipment provider’s stock worth $335,000 after purchasing an additional 2,812 shares during the period. Virtu Financial LLC acquired a new position in shares of Gilat Satellite Networks during the third quarter worth about $61,000. Clearline Capital LP lifted its stake in shares of Gilat Satellite Networks by 510.5% during the third quarter. Clearline Capital LP now owns 99,409 shares of the communications equipment provider’s stock worth $524,000 after purchasing an additional 83,127 shares in the last quarter. PDT Partners LLC boosted its position in shares of Gilat Satellite Networks by 51.1% in the third quarter. PDT Partners LLC now owns 27,453 shares of the communications equipment provider’s stock worth $145,000 after buying an additional 9,287 shares during the period. Finally, BNP Paribas Financial Markets acquired a new stake in shares of Gilat Satellite Networks in the third quarter valued at about $27,000. Hedge funds and other institutional investors own 35.72% of the company’s stock.

Gilat Satellite Networks Trading Up 2.7 %

NASDAQ GILT opened at $6.11 on Tuesday. The firm has a market capitalization of $348.37 million, a price-to-earnings ratio of 21.10 and a beta of 0.59. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.84 and a current ratio of 2.17. Gilat Satellite Networks has a one year low of $4.04 and a one year high of $6.66. The company’s 50 day moving average price is $5.37 and its 200 day moving average price is $4.94.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Needham & Company LLC reissued a “buy” rating and set a $8.50 price objective on shares of Gilat Satellite Networks in a research note on Friday, November 15th. StockNews.com upgraded Gilat Satellite Networks from a “buy” rating to a “strong-buy” rating in a report on Friday, November 15th. Finally, William Blair began coverage on Gilat Satellite Networks in a research note on Thursday, September 26th. They set an “outperform” rating for the company.

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.