Alan Yu Purchases 2,400 Shares of Karat Packaging Inc. (NASDAQ:KRT) Stock

Karat Packaging Inc. (NASDAQ:KRTGet Rating) CEO Alan Yu bought 2,400 shares of the firm’s stock in a transaction on Friday, November 18th. The stock was acquired at an average cost of $14.00 per share, with a total value of $33,600.00. Following the transaction, the chief executive officer now owns 7,367,198 shares in the company, valued at approximately $103,140,772. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Alan Yu also recently made the following trade(s):

  • On Monday, November 14th, Alan Yu purchased 2,300 shares of Karat Packaging stock. The shares were purchased at an average price of $13.85 per share, with a total value of $31,855.00.

Karat Packaging Trading Down 0.1 %

Karat Packaging stock opened at $13.98 on Monday. The business has a 50-day simple moving average of $15.75 and a two-hundred day simple moving average of $17.54. The company has a market cap of $278.31 million, a P/E ratio of 11.18 and a beta of 1.32. Karat Packaging Inc. has a 52-week low of $13.01 and a 52-week high of $22.39. The company has a quick ratio of 1.30, a current ratio of 3.58 and a debt-to-equity ratio of 0.27.

Karat Packaging Dividend Announcement

The company also recently declared a dividend, which will be paid on Wednesday, November 30th. Shareholders of record on Monday, November 21st will be paid a dividend of $0.35 per share. The ex-dividend date is Friday, November 18th. This represents a dividend yield of 2.63%.

Analyst Upgrades and Downgrades

Separately, Truist Financial cut their price target on Karat Packaging from $33.00 to $25.00 in a research note on Friday, November 11th.

Institutional Investors Weigh In On Karat Packaging

A number of large investors have recently made changes to their positions in the company. Victory Capital Management Inc. grew its stake in shares of Karat Packaging by 10.0% during the 2nd quarter. Victory Capital Management Inc. now owns 121,029 shares of the company’s stock valued at $2,065,000 after acquiring an additional 11,009 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new position in shares of Karat Packaging during the 1st quarter valued at approximately $2,363,000. American Century Companies Inc. grew its stake in shares of Karat Packaging by 0.4% during the 1st quarter. American Century Companies Inc. now owns 450,572 shares of the company’s stock valued at $8,944,000 after acquiring an additional 1,746 shares during the period. Crossmark Global Holdings Inc. bought a new position in shares of Karat Packaging during the 1st quarter valued at approximately $334,000. Finally, State Street Corp grew its stake in shares of Karat Packaging by 2.2% during the 3rd quarter. State Street Corp now owns 70,890 shares of the company’s stock valued at $1,134,000 after acquiring an additional 1,504 shares during the period. 21.28% of the stock is currently owned by institutional investors.

About Karat Packaging

(Get Rating)

Karat Packaging Inc manufactures and distributes 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.

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