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Alan Yu, Chief Executive Officer of Karat Packaging Inc (NASDAQ:KRT), sold 112,500 shares of common stock on June 27, 2025, at a price of $27.00, in one transaction. The stock currently trades at $28.77, with InvestingPro analysis showing the company maintains a GOOD financial health score and offers an attractive 8% dividend yield.
The sale amounted to $3037500. Following the transaction, Yu directly owns 6,091,305 shares of Karat Packaging Inc.
The sale was executed pursuant to an option granted to underwriters, as part of a previously announced secondary public offering.
In other recent news, Karat Packaging Inc. reported its first-quarter 2025 earnings, surpassing analysts’ expectations with an earnings per share (EPS) of $0.33, compared to the forecasted $0.28. The company’s revenue also exceeded projections, reaching $103.6 million against an expected $102.07 million. This performance reflects a year-over-year revenue increase of 8.4%, with net income rising by 5.2% to $6.8 million. Additionally, Karat Packaging (NYSE:PKG) announced that certain members of its management team plan to sell 1.5 million shares of common stock in an underwritten public offering. The company itself will not offer any shares or receive proceeds from this sale. BofA Securities and William Blair & Company are serving as joint lead book-runners for this offering. These developments come amid Karat Packaging’s strategic initiatives to diversify its manufacturing sources and reduce reliance on China. The company is also continuing its efforts to expand its market share, aided by a new distribution center and ongoing growth in online sales.
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