Mink Brook Asset Management LLC Makes New Investment in KVH Industries, Inc. $KVHI

Key Points

• Mink Brook Asset Management LLC acquired 83,301 shares of KVH Industries, valued at approximately $441,000, marking it as the 21st largest position in their portfolio.
• Institutional investors own 73.66% of KVH stock, with significant increases from firms like Northern Trust Corp and Geode Capital Management during the most recent quarter.
• KVH Industries shares are currently trading at $5.39, reflecting a decline of 2.0%, with a 52-week range between $4.35 and $6.16.

Mink Brook Asset Management LLC acquired a new position in KVH Industries, Inc. (NASDAQ:KVHI - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 83,301 shares of the communications equipment provider's stock, valued at approximately $441,000. KVH Industries makes up about 0.5% of Mink Brook Asset Management LLC's investment portfolio, making the stock its 21st biggest position. Mink Brook Asset Management LLC owned about 0.43% of KVH Industries as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Black Diamond Capital Management L.L.C. boosted its position in shares of KVH Industries by 0.8% in the 4th quarter. Black Diamond Capital Management L.L.C. now owns 3,384,054 shares of the communications equipment provider's stock worth $19,289,000 after purchasing an additional 26,656 shares in the last quarter. Systematic Financial Management LP boosted its position in shares of KVH Industries by 1.4% in the 1st quarter. Systematic Financial Management LP now owns 1,198,028 shares of the communications equipment provider's stock worth $6,338,000 after purchasing an additional 16,471 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of KVH Industries by 2.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 840,622 shares of the communications equipment provider's stock worth $4,791,000 after purchasing an additional 18,448 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of KVH Industries by 23.8% in the 4th quarter. Renaissance Technologies LLC now owns 249,915 shares of the communications equipment provider's stock worth $1,425,000 after purchasing an additional 48,002 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of KVH Industries by 5.3% in the 4th quarter. Geode Capital Management LLC now owns 147,176 shares of the communications equipment provider's stock worth $839,000 after purchasing an additional 7,466 shares in the last quarter. Institutional investors and hedge funds own 73.66% of the company's stock.

KVH Industries Stock Down 1.5%

Shares of KVH Industries stock traded down $0.09 during trading on Friday, reaching $5.66. The company's stock had a trading volume of 14,639 shares, compared to its average volume of 28,913. The company has a market cap of $110.27 million, a price-to-earnings ratio of -17.67 and a beta of 0.83. KVH Industries, Inc. has a 1-year low of $4.35 and a 1-year high of $6.16. The company has a 50-day simple moving average of $5.36 and a two-hundred day simple moving average of $5.31.

KVH Industries Company 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.