Copeland Capital Management LLC bought a new stake in Karat Packaging Inc. (NASDAQ:KRT – Free Report) during the third quarter, according to its most recent disclosure with the SEC. The firm bought 1,882 shares of the company’s stock, valued at approximately $49,000.
Other hedge funds have also recently modified their holdings of the company. Price T Rowe Associates Inc. MD grew its position in shares of Karat Packaging by 95.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 61,547 shares of the company’s stock valued at $1,762,000 after buying an additional 30,137 shares during the last quarter. Acadian Asset Management LLC boosted its stake in Karat Packaging by 11.7% during the 1st quarter. Acadian Asset Management LLC now owns 261,895 shares of the company’s stock worth $7,489,000 after purchasing an additional 27,370 shares during the period. Allspring Global Investments Holdings LLC acquired a new stake in Karat Packaging during the 2nd quarter worth $1,162,000. Gladius Capital Management LP acquired a new stake in Karat Packaging during the 2nd quarter worth $33,000. Finally, Janney Montgomery Scott LLC boosted its stake in Karat Packaging by 8.6% during the 1st quarter. Janney Montgomery Scott LLC now owns 26,444 shares of the company’s stock worth $757,000 after purchasing an additional 2,096 shares during the period. 25.20% of the stock is owned by hedge funds and other institutional investors.
Karat Packaging Stock Down 0.1 %
KRT stock opened at $26.90 on Wednesday. Karat Packaging Inc. has a one year low of $17.23 and a one year high of $30.94. The stock has a market capitalization of $537.33 million, a PE ratio of 18.18 and a beta of 1.03. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.62 and a current ratio of 3.05. The company has a fifty day moving average of $25.70 and a 200-day moving average of $27.31.
Karat Packaging Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Wednesday, August 21st were paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 5.20%. The ex-dividend date was Wednesday, August 21st. Karat Packaging’s dividend payout ratio (DPR) is presently 94.59%.
Wall Street Analysts Forecast Growth
Separately, Truist Financial cut shares of Karat Packaging from a “buy” rating to a “hold” rating and decreased their price target for the stock from $34.00 to $28.00 in a research note on Friday, August 9th.
Read Our Latest Stock Analysis on KRT
About Karat Packaging
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
- Five stocks we like better than Karat Packaging
- What is the Nasdaq? Complete Overview with History
- How Verizon Could Offer Stress-Free Double-Digit Returns in 2025
- What is Forex and How Does it Work?
- Can Roche Challenge Lilly and Novo in the Weight Loss Market?
- How to Know Which Cryptocurrency to Buy: A Guide for Investors
- Roblox Stock: Key Metrics Surge, Is This the Perfect Entry?
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.com's FREE daily email newsletter.