Chicago Capital LLC Has $26.57 Million Stock Holdings in Kornit Digital Ltd. (NASDAQ:KRNT)

Chicago Capital LLC lowered its position in Kornit Digital Ltd. (NASDAQ:KRNT - Free Report) by 16.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,386,666 shares of the industrial products company's stock after selling 273,408 shares during the quarter. Chicago Capital LLC owned 2.77% of Kornit Digital worth $26,569,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. American International Group Inc. boosted its stake in Kornit Digital by 4.5% in the first quarter. American International Group Inc. now owns 6,791 shares of the industrial products company's stock valued at $562,000 after acquiring an additional 291 shares during the period. Prudential Financial Inc. increased its holdings in shares of Kornit Digital by 21.2% in the first quarter. Prudential Financial Inc. now owns 3,555 shares of the industrial products company's stock valued at $294,000 after buying an additional 623 shares in the last quarter. Thrivent Financial for Lutherans increased its holdings in shares of Kornit Digital by 3.6% in the first quarter. Thrivent Financial for Lutherans now owns 19,406 shares of the industrial products company's stock valued at $376,000 after buying an additional 669 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Kornit Digital by 2.9% in the second quarter. JPMorgan Chase & Co. now owns 24,533 shares of the industrial products company's stock valued at $777,000 after buying an additional 691 shares in the last quarter. Finally, Van ECK Associates Corp raised its stake in Kornit Digital by 6.8% during the 3rd quarter. Van ECK Associates Corp now owns 11,658 shares of the industrial products company's stock valued at $220,000 after purchasing an additional 742 shares during the period. Institutional investors and hedge funds own 92.76% of the company's stock.

Kornit Digital Trading Down 3.5 %

NASDAQ:KRNT traded down $0.62 during trading hours on Tuesday, hitting $17.25. 473,095 shares of the stock traded hands, compared to its average volume of 548,160. The firm has a 50 day moving average price of $17.81 and a 200 day moving average price of $17.60. Kornit Digital Ltd. has a fifty-two week low of $13.29 and a fifty-two week high of $31.94. The firm has a market cap of $864.57 million, a price-to-earnings ratio of -13.07 and a beta of 1.89.

Kornit Digital (NASDAQ:KRNT - Get Free Report) last announced its quarterly earnings data on Wednesday, February 14th. The industrial products company reported ($0.04) EPS for the quarter, beating analysts' consensus estimates of ($0.12) by $0.08. The business had revenue of $56.59 million during the quarter, compared to analyst estimates of $57.35 million. Kornit Digital had a negative net margin of 29.28% and a negative return on equity of 5.05%. Research analysts predict that Kornit Digital Ltd. will post -0.28 EPS for the current year.

Kornit Digital Profile

Kornit Digital Ltd. develops, designs, and markets digital printing solutions for the fashion, apparel, and home decor segments of printed textile industry in the United States, Europe, the Middle East, Africa, the Asia Pacific, and internationally. The company's solutions include digital printing systems, ink and other consumables, associated software, and value-added services.