Group One Trading Now Owns Over 3% of Gilat Satellite Networks

According to a recent Form 13F filing submitted to the Securities and Exchange Commission, Group One Trading, L.P. disclosed a noteworthy and position in GILT stock and options. Here’s what you need to know about Gilat Satellite Networks Ltd., as well as Group One Trading and their long position in shares of GILT stock:

About Group One Trading, L.P.

Group One was founded in San Francisco in 1989, and has since become one of the largest, privately held trading firms in the USA, with a presence in New York, Chicago, Philadelphia and San Francisco. Now headquartered in Chicago, Illinois, Group One maintains a physical presence on the CBOE, NYSE AMEX, NYSE ARCA, and NASDAQ PHLX markets.

About Gilat Satellite Networks Ltd. (GILT)

Gilat Satellite Networks Ltd., together with its subsidiaries, provides satellite-based broadband communication solutions in Israel and internationally. It operates through Fixed Networks, Mobility Solutions, and Terrestrial Infrastructure Projects segments. The company designs and manufactures ground-based satellite communications equipment; and provides solutions and end-to-end services. Its portfolio consists of very small aperture terminals, amplifiers, modems, on-the-move antennas, solid state power amplifiers, block upconverters, transceivers, low-profile antennas, and on-the-move/on-the-pause terminals and modems. The company also offers turnkey integrated solutions, including managed satellite network services, network planning and optimization, satellite capacity, remote network operation, call center support, hub and field operations, and communication networks construction and installation services. In addition, it provides connectivity services, Internet access, and telephony services to enterprise, government, and residential customers; and builds telecommunication infrastructure using fiber-optic and wireless technologies for broadband connectivity. The company sells its products and solutions to communication service providers, satellite operators, governments, mobile network operators, telecommunication companies, and system integrators, as well as to defense and homeland security organizations, and directly to end-users. Gilat Satellite Networks Ltd. was incorporated in 1987 and is headquartered in Petah Tikva, Israel.

Group One Trading, L.P. Stake in GILT Rises Above 3%

According to the most recent 13F filed by Group One Trading, L.P., the firm added 75,616 shares of GILT stock to it holdings in the recent quarter. That brings their total long position in Gilat Satellite Networks Ltd. to 1,700,777 shares, representing approximately 3.0045% of the 56,608,000 GILT shares outstanding. Based on the most recent closing price of $5.55 per share of GILT, the entire Group One Trading, L.P. position in Gilat Satellite Networks Ltd. is worth roughly $9,439,312.35. It should be noted, however, that the position is hedged with 2,500 GILT call options and 2,061,900 puts.

Summary

Be sure to check out more recent 13F filings here to stay up to date on the latest disclosures from institutional investment managers like Group One Trading, as institutional investors have the capital at their disposal to move markets if they want to. Also be sure to check out more recent 13F filing analysis news here.