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Karat Packaging Inc. (NASDAQ:KRT - Get Rating) VP Marvin Cheng sold 1,721 shares of Karat Packaging stock in a transaction on Wednesday, September 7th. The stock was sold at an average price of $18.20, for a total value of $31,322.20. Following the completion of the sale, the vice president now directly owns 6,752,509 shares of the company's stock, valued at approximately $122,895,663.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Marvin Cheng also recently made the following trade(s): On Tuesday, August 23rd, Marvin Cheng sold 800 shares of Karat Packaging stock. The stock was sold at an average price of $18.56, for a total value of $14,848.00. On Thursday, August 18th, Marvin Cheng sold 1,000 shares of Karat Packaging stock. The stock was sold at an average price of $18.60, for a total value of $18,600.00. Karat Packaging Stock Performance

Shares of KRT traded up $0.61 during trading hours on Friday, hitting $18.77. The stock had a trading volume of 16,519 shares, compared to its average volume of 13,483. The company has a debt-to-equity ratio of 0.36, a current ratio of 3.59 and a quick ratio of 1.30. Karat Packaging Inc. has a 12 month low of $14.70 and a 12 month high of $25.57. The firm has a market capitalization of $372.25 million, a PE ratio of 16.07 and a beta of 1.51. The stock has a fifty day moving average price of $18.37 and a 200 day moving average price of $18.21.

Karat Packaging (NASDAQ:KRT - Get Rating) last issued its quarterly earnings data on Thursday, August 11th. The company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.05). Karat Packaging had a return on equity of 16.47% and a net margin of 5.41%. The firm had revenue of $114.88 million during the quarter, compared to the consensus estimate of $117.51 million. Analysts anticipate that Karat Packaging Inc. will post 1.4 EPS for the current year. Institutional Trading of Karat Packaging

Several large investors have recently modified their holdings of the company. Charles Schwab Investment Management Inc. bought a new stake in Karat Packaging during the first quarter valued at about $215,000. Crossmark Global Holdings Inc. bought a new stake in Karat Packaging during the first quarter valued at about $334,000. Bank of New York Mellon Corp grew its holdings in Karat Packaging by 6.3% during the first quarter. Bank of New York Mellon Corp now owns 23,696 shares of the company's stock valued at $470,000 after purchasing an additional 1,411 shares during the period. Millennium Management LLC grew its holdings in Karat Packaging by 24.4% during the second quarter. Millennium Management LLC now owns 30,820 shares of the company's stock valued at $526,000 after purchasing an additional 6,046 shares during the period. Finally, Blair William & Co. IL grew its holdings in Karat Packaging by 11.1% during the first quarter. Blair William & Co. IL now owns 29,122 shares of the company's stock valued at $578,000 after purchasing an additional 2,904 shares during the period. Institutional investors own 21.28% of the company's stock. 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.Read MoreGet a free copy of the StockNews.com research report on Karat Packaging (KRT)Prepare For A Record-Setting Quarter For Cyber Security StocksThe Auto Market Is Slowly Recovering, These Stocks May OutperformIs DocuSign On The Verge Of A Major Reversal?Oil and Gas Stocks: A Safe Way to Invest in Renewable EnergyAre These Green Energy Companies Right For Your Portfolio?

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