8,913 Shares in Eltek Ltd. (NASDAQ:ELTK) Acquired by Essex Investment Management Co. LLC

Essex Investment Management Co. LLC acquired a new stake in shares of Eltek Ltd. (NASDAQ:ELTK) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 8,913 shares of the technology company’s stock, valued at approximately $99,000. Essex Investment Management Co. LLC owned 0.15% of Eltek as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Sunbelt Securities Inc. boosted its holdings in Eltek by 10.9% in the 3rd quarter. Sunbelt Securities Inc. now owns 10,361 shares of the technology company’s stock worth $113,000 after acquiring an additional 1,020 shares during the period. Yelin Lapidot Holdings Management Ltd. lifted its stake in shares of Eltek by 206.7% in the fourth quarter. Yelin Lapidot Holdings Management Ltd. now owns 209,024 shares of the technology company’s stock worth $2,312,000 after acquiring an additional 140,868 shares in the last quarter. Finally, Foundry Partners LLC raised its holdings in Eltek by 14.2% in the third quarter. Foundry Partners LLC now owns 242,470 shares of the technology company’s stock valued at $2,645,000 after acquiring an additional 30,200 shares in the last quarter. 64.58% of the stock is currently owned by institutional investors and hedge funds.

Eltek Trading Down 0.3 %

ELTK stock opened at $11.36 on Monday. The stock’s 50 day simple moving average is $11.24 and its 200 day simple moving average is $10.96. Eltek Ltd. has a 12-month low of $9.00 and a 12-month high of $14.04. The firm has a market cap of $68.91 million, a P/E ratio of 13.36 and a beta of 0.36.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on shares of Eltek in a research report on Wednesday, March 5th. They set a “hold” rating on the stock.

Eltek Company Profile

Eltek Ltd. manufactures, markets, and sells printed circuit boards (PCBs) in Israel, Europe, North America, India, the Netherlands, and internationally. It offers a range of custom designed PCBs, including rigid, double-sided and multi-layer PCBs, and flexible circuitry boards. The company also provides high density interconnect, flex-rigid, and multi-layered boards.