Stifel Financial Corp Invests $436,000 in Karat Packaging Inc. (NASDAQ:KRT)

Stifel Financial Corp bought a new position in shares of Karat Packaging Inc. (NASDAQ:KRT - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 14,421 shares of the company's stock, valued at approximately $436,000. Stifel Financial Corp owned 0.07% of Karat Packaging as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Russell Investments Group Ltd. increased its holdings in Karat Packaging by 28.0% in the 4th quarter. Russell Investments Group Ltd. now owns 79,645 shares of the company's stock valued at $2,410,000 after buying an additional 17,419 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Karat Packaging by 9.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 145,946 shares of the company's stock worth $4,416,000 after acquiring an additional 12,676 shares in the last quarter. Trexquant Investment LP bought a new position in shares of Karat Packaging during the 4th quarter worth approximately $352,000. Martingale Asset Management L P acquired a new stake in Karat Packaging in the fourth quarter valued at approximately $339,000. Finally, State of Tennessee Department of Treasury acquired a new position in Karat Packaging during the fourth quarter worth $296,000. Institutional investors own 25.20% of the company's stock.

Karat Packaging Stock Performance

Shares of KRT traded up $0.75 during mid-day trading on Friday, hitting $31.27. The stock had a trading volume of 96,942 shares, compared to its average volume of 40,154. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.12 and a quick ratio of 1.82. The firm has a market cap of $627.28 million, a P/E ratio of 22.34 and a beta of 1.12. Karat Packaging Inc. has a 52 week low of $23.00 and a 52 week high of $33.89. The business has a fifty day moving average price of $26.82 and a 200-day moving average price of $29.02.

Karat Packaging (NASDAQ:KRT - Get Free Report) last posted its earnings results 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 firm had revenue of $101.65 million for the quarter, compared to the consensus estimate of $102.27 million. On average, equities research analysts expect that Karat Packaging Inc. will post 1.66 EPS for the current year.

Karat Packaging Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Friday, May 16th will be given a $0.45 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $1.80 annualized dividend and a yield of 5.76%. Karat Packaging's dividend payout ratio (DPR) is presently 120.00%.

Analysts Set New Price Targets

Separately, Truist Financial lifted their price objective on shares of Karat Packaging from $28.00 to $31.00 and gave the stock a "hold" rating in a report on Monday.

Karat Packaging Profile

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.