Lisanti Capital Growth LLC Makes New $982,000 Investment in Kornit Digital Ltd. (NASDAQ:KRNT)

Lisanti Capital Growth LLC acquired a new position in Kornit Digital Ltd. (NASDAQ:KRNT) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 51,245 shares of the industrial products company’s stock, valued at approximately $982,000. Lisanti Capital Growth LLC owned 0.10% of Kornit Digital as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Van ECK Associates Corp lifted its stake in Kornit Digital by 12.4% in the 4th quarter. Van ECK Associates Corp now owns 13,099 shares of the industrial products company’s stock worth $251,000 after purchasing an additional 1,441 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. raised its holdings in shares of Kornit Digital by 103.5% during the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 953,682 shares of the industrial products company’s stock worth $18,273,000 after acquiring an additional 485,000 shares in the last quarter. Trust Point Inc. purchased a new stake in shares of Kornit Digital during the 4th quarter worth approximately $271,000. Silverberg Bernstein Capital Management LLC purchased a new position in shares of Kornit Digital in the fourth quarter valued at $2,217,000. Finally, Thompson Investment Management Inc. grew its holdings in shares of Kornit Digital by 36.4% in the fourth quarter. Thompson Investment Management Inc. now owns 460,680 shares of the industrial products company’s stock valued at $8,827,000 after purchasing an additional 122,998 shares in the last quarter. Hedge funds and other institutional investors own 92.76% of the company’s stock.

Kornit Digital Price Performance

Shares of NASDAQ:KRNT traded up $0.29 during trading on Tuesday, hitting $16.67. The company had a trading volume of 298,619 shares, compared to its average volume of 465,218. The company has a fifty day simple moving average of $16.97 and a two-hundred day simple moving average of $17.32. Kornit Digital Ltd. has a one year low of $13.29 and a one year high of $31.94.

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

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Kornit Digital from a “hold” rating to a “sell” rating in a research report on Sunday.

Kornit Digital Company 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. Its solutions include digital printing systems, ink and other consumables, associated software, and value-added services.