36,616 Shares in Eltek Ltd. (NASDAQ:ELTK) Purchased by Northern Trust Corp

Northern Trust Corp acquired a new stake in Eltek Ltd. (NASDAQ:ELTK - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 36,616 shares of the technology company's stock, valued at approximately $405,000. Northern Trust Corp owned 0.60% of Eltek as of its most recent filing with the Securities and Exchange Commission (SEC).

Separately, Yelin Lapidot Holdings Management Ltd. grew its holdings in shares of Eltek by 206.7% during the fourth quarter. Yelin Lapidot Holdings Management Ltd. now owns 209,024 shares of the technology company's stock worth $2,312,000 after buying an additional 140,868 shares during the last quarter. 64.58% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Wall Street Zen started coverage on Eltek in a research note on Friday, May 16th. They set a "hold" rating for the company.

Eltek Stock Performance

NASDAQ:ELTK traded down $0.21 during mid-day trading on Wednesday, reaching $9.92. The stock had a trading volume of 35,766 shares, compared to its average volume of 20,078. The business has a 50 day simple moving average of $9.15 and a 200 day simple moving average of $10.22. The firm has a market capitalization of $66.60 million, a price-to-earnings ratio of 11.67 and a beta of 0.61. Eltek Ltd. has a twelve month low of $7.65 and a twelve month high of $12.08.

Eltek (NASDAQ:ELTK - Get Free Report) last released its quarterly earnings results on Tuesday, May 20th. The technology company reported $0.15 EPS for the quarter. Eltek had a net margin of 11.51% and a return on equity of 15.49%. The business had revenue of $12.76 million for the quarter. As a group, sell-side analysts expect that Eltek Ltd. will post 0.87 earnings per share for the current year.

Eltek Dividend Announcement

The business also recently announced a -- dividend, which was paid on Tuesday, April 29th. Shareholders of record on Tuesday, April 22nd were issued a dividend of $0.19 per share. The ex-dividend date was Tuesday, April 22nd. Eltek's dividend payout ratio (DPR) is presently 37.25%.

Eltek Profile

Eltek Ltd. manufactures, markets, and sells printed circuit boards (PCBs) in Israel, Europe, North America, India, the Netherlands, and internationally. It offers a range of custom designed PCBs, including rigid, double-sided and multi-layer PCBs, and flexible circuitry boards. The company also provides high density interconnect, flex-rigid, and multi-layered boards.