KVH Industries, Inc. (NASDAQ:KVHI) Shares Sold by Systematic Financial Management LP

Systematic Financial Management LP cut its stake in KVH Industries, Inc. (NASDAQ:KVHI) by 13.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,315,308 shares of the communications equipment provider’s stock after selling 198,692 shares during the period. Systematic Financial Management LP owned 6.67% of KVH Industries worth $6,116,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Cubist Systematic Strategies LLC acquired a new stake in KVH Industries in the second quarter valued at $30,000. American Century Companies Inc. acquired a new stake in shares of KVH Industries during the second quarter worth $54,000. AQR Capital Management LLC acquired a new stake in shares of KVH Industries during the second quarter worth $63,000. Marshall Wace LLP acquired a new stake in shares of KVH Industries during the second quarter worth $75,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of KVH Industries during the second quarter worth $130,000. 73.66% of the stock is owned by institutional investors and hedge funds.

KVH Industries Stock Performance

KVH Industries stock opened at $4.75 on Monday. The company has a 50-day simple moving average of $4.57 and a 200-day simple moving average of $4.78. The firm has a market capitalization of $93.65 million, a P/E ratio of -4.95 and a beta of 0.60. KVH Industries, Inc. has a one year low of $4.17 and a one year high of $5.49.

KVH Industries (NASDAQ:KVHI) last released its quarterly earnings results on Thursday, August 1st. The communications equipment provider reported ($0.07) EPS for the quarter, topping the consensus estimate of ($0.09) by $0.02. The business had revenue of $28.67 million during the quarter. KVH Industries had a negative net margin of 17.88% and a negative return on equity of 2.64%.

Insider Activity at KVH Industries

In related news, major shareholder Bradley Louis Radoff bought 239,173 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The stock was purchased at an average price of $4.35 per share, for a total transaction of $1,040,402.55. Following the transaction, the insider now directly owns 2,009,500 shares of the company’s stock, valued at approximately $8,741,325. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other KVH Industries news, Director Stephen H. Deckoff acquired 50,200 shares of KVH Industries stock in a transaction dated Thursday, September 12th. The stock was bought at an average price of $4.47 per share, for a total transaction of $224,394.00. Following the transaction, the director now owns 3,357,398 shares in the company, valued at approximately $15,007,569.06. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Bradley Louis Radoff acquired 239,173 shares of KVH Industries stock in a transaction dated Thursday, August 1st. The shares were acquired at an average price of $4.35 per share, with a total value of $1,040,402.55. Following the transaction, the insider now owns 2,009,500 shares in the company, valued at approximately $8,741,325. The disclosure for this purchase can be found here. Insiders purchased 369,961 shares of company stock worth $1,631,354 in the last 90 days. Corporate insiders own 5.30% of the company’s stock.

KVH Industries Profile

KVH Industries, Inc, together with its subsidiaries, engages in the design, development, manufacture, and marketing of mobile connectivity solutions for the marine and land mobile markets in the United States and internationally. The company offers Internet and VoIP airtime services; AgilePlans, a Connectivity as a Service solution; KVH Link, a crew wellbeing content subscription service with delivery by IP-Mobilecast; and OpenNet, a KVH VSAT data delivering service for non-KVH Ku-band VSAT terminals.