Karat Packaging (KRT) News Today

Acadian Asset Management LLC increased its stake in Karat Packaging Inc. (NASDAQ:KRT - Free Report) by 11.7% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 261,895 shares of the company's stock after buying an additional 27,

Wellington Management Group LLP decreased its position in Karat Packaging Inc. (NASDAQ:KRT - Free Report) by 8.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 526,536 shares of the company's stock after selling 46,400 shares d

Karat Packaging Inc. (NASDAQ:KRT - Get Free Report) was the recipient of a significant increase in short interest during the month of May. As of May 31st, there was short interest totalling 137,700 shares, an increase of 7.1% from the May 15th total of 128,600 shares. Approximately 2.0% of the shares of the company are sold short. Based on an average daily trading volume, of 42,900 shares, the days-to-cover ratio is presently 3.2 days.

Corient Private Wealth LLC acquired a new position in shares of Karat Packaging Inc. (NASDAQ:KRT - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 67,500 shares of the company's stock, valued at approximately $1

Karat Packaging (NASDAQ:KRT - Get Free Report) announced its quarterly earnings data on Thursday. The company reported $0.40 earnings per share for the quarter, missing analysts' consensus estimates of $0.44 by ($0.04). The business had revenue of $95.61 million during the quarter, compared to analysts' expectations of $99.76 million. Karat Packaging had a return on equity of 22.54% and a net margin of 8.00%. During the same quarter last year, the company posted $0.45 EPS.

Karat Packaging (NASDAQ:KRT) Shares Gap Down Following Weak Earnings

Karat Packaging Inc. (NASDAQ:KRT) announced a quarterly dividend on Tuesday, May 7th. Investors of record on Friday, May 17th will be paid a dividend of 0.35 per share on Friday, May 24th. This represents a $1.40 annualized dividend and a yield of 4.88%. The ex-dividend date is Thursday, May 16th. This is an increase from Karat Packaging's previous quarterly dividend of $0.30.

Los Angeles Capital Management LLC increased its stake in Karat Packaging Inc. (NASDAQ:KRT - Free Report) by 93.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 98,258 shares of the company's stock aft

American Century Companies Inc. reduced its position in shares of Karat Packaging Inc. (NASDAQ:KRT - Free Report) by 23.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 348,408 shares of the

Stifel Nicolaus reaffirmed a "buy" rating and set a $32.00 target price (up from $30.00) on shares of Karat Packaging in a report on Friday.

Truist Financial raised their price objective on shares of Karat Packaging from $24.00 to $33.00 and gave the stock a "buy" rating in a report on Friday.

Karat Packaging (NASDAQ:KRT) Hits New 52-Week High at $30.73

Ancora Advisors LLC cut its position in shares of Karat Packaging Inc. (NASDAQ:KRT - Free Report) by 67.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 26,772 shares of the company's

Karat Packaging (NASDAQ:KRT) Sets New 12-Month High at $28.95

Janney Montgomery Scott LLC purchased a new position in shares of Karat Packaging Inc. (NASDAQ:KRT - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 20,680 shares of the company's stock, valued at approximate

Acadian Asset Management LLC boosted its stake in Karat Packaging Inc. (NASDAQ:KRT - Free Report) by 484.5% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 183,620 shares of the company's stock after acquiring an addition