GSA Capital Partners LLP Has $1.61 Million Position in Harmonic Inc. $HLIT

GSA Capital Partners LLP boosted its holdings in Harmonic Inc. (NASDAQ:HLIT) by 72.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 158,583 shares of the communications equipment provider’s stock after acquiring an additional 66,634 shares during the period. GSA Capital Partners LLP owned 0.14% of Harmonic worth $1,614,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HLIT. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Harmonic by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 65,664 shares of the communications equipment provider’s stock worth $630,000 after buying an additional 2,853 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Harmonic by 9.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 353,538 shares of the communications equipment provider’s stock worth $3,390,000 after purchasing an additional 31,276 shares during the period. Jane Street Group LLC boosted its position in shares of Harmonic by 978.5% in the first quarter. Jane Street Group LLC now owns 247,480 shares of the communications equipment provider’s stock valued at $2,373,000 after acquiring an additional 224,534 shares during the period. CWM LLC boosted its position in shares of Harmonic by 277.7% in the second quarter. CWM LLC now owns 26,886 shares of the communications equipment provider’s stock valued at $255,000 after acquiring an additional 19,767 shares during the period. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Harmonic in the second quarter valued at about $937,000. 99.38% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have issued reports on HLIT. Rosenblatt Securities reissued a “buy” rating and issued a $14.00 price objective on shares of Harmonic in a report on Thursday, February 12th. Needham & Company LLC reiterated a “buy” rating and issued a $15.00 price target on shares of Harmonic in a research report on Tuesday, December 9th. Barclays increased their price target on Harmonic from $8.00 to $11.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 5th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Harmonic in a report on Thursday, January 22nd. Two analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Harmonic has an average rating of “Hold” and a consensus target price of $13.33.

Insider Buying and Selling

In other Harmonic news, SVP Neven Haltmayer sold 23,835 shares of Harmonic stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $10.41, for a total transaction of $248,122.35. Following the transaction, the senior vice president directly owned 149,570 shares of the company’s stock, valued at approximately $1,557,023.70. The trade was a 13.75% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director David Krall bought 47,528 shares of the firm’s stock in a transaction on Thursday, December 11th. The shares were purchased at an average cost of $10.50 per share, with a total value of $499,044.00. Following the transaction, the director directly owned 223,125 shares in the company, valued at approximately $2,342,812.50. This trade represents a 27.07% increase in their position. The disclosure for this purchase is available in the SEC filing. 1.21% of the stock is owned by company insiders.

Harmonic Trading Up 0.7%

NASDAQ HLIT opened at $10.75 on Wednesday. The company has a market cap of $1.21 billion, a price-to-earnings ratio of 25.60 and a beta of 1.05. Harmonic Inc. has a twelve month low of $7.80 and a twelve month high of $11.49. The company has a quick ratio of 1.64, a current ratio of 2.08 and a debt-to-equity ratio of 0.27. The business’s fifty day moving average is $10.11 and its 200 day moving average is $9.92.

Harmonic Company Profile

Harmonic Inc (NASDAQ:HLIT) is a leading provider of video delivery infrastructure that enables service providers, broadcasters and content owners to capture, process and distribute high‐quality video across broadcast, cable, satellite and IP networks. The company’s portfolio spans real‐time video compression solutions, including encoders and transcoders, as well as storage and server products designed for live production, playout and streaming on any device.

Harmonic’s product lines include cable edge QAM modules and set‐top video processing platforms for traditional pay‐TV operators, alongside cloud‐native software for over‐the‐top (OTT) delivery, origin servers and content delivery network (CDN) services.