Mink Brook Asset Management LLC Purchases Shares of 83,301 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 shares of KVH Industries, Inc. (NASDAQ:KVHI - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 83,301 shares of the communications equipment provider's stock, valued at approximately $441,000. KVH Industries comprises 0.5% of Mink Brook Asset Management LLC's portfolio, making the stock its 21st largest holding. Mink Brook Asset Management LLC owned 0.43% of KVH Industries at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Systematic Financial Management LP boosted its stake in 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 valued at $6,338,000 after purchasing an additional 16,471 shares during the period. Squarepoint Ops LLC acquired a new stake in shares of KVH Industries during the 4th quarter worth $154,000. Black Diamond Capital Management L.L.C. increased its position in shares of KVH Industries by 0.8% in the fourth 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 during the period. Northern Trust Corp raised its stake in KVH Industries by 24.8% in the fourth quarter. Northern Trust Corp now owns 79,584 shares of the communications equipment provider's stock valued at $454,000 after purchasing an additional 15,796 shares in the last quarter. Finally, Boothbay Fund Management LLC increased its holdings in KVH Industries by 26.9% in the 4th quarter. Boothbay Fund Management LLC now owns 89,539 shares of the communications equipment provider's stock valued at $510,000 after buying an additional 19,008 shares during the period. Institutional investors own 73.66% of the company's stock.

KVH Industries Trading Up 4.0%

NASDAQ KVHI traded up $0.22 on Thursday, hitting $5.74. 8,851 shares of the company's stock were exchanged, compared to its average volume of 29,025. KVH Industries, Inc. has a 52 week low of $4.35 and a 52 week high of $6.16. The stock has a market cap of $111.96 million, a price-to-earnings ratio of -17.94 and a beta of 0.83. The stock has a 50-day moving average of $5.36 and a 200-day moving average of $5.32.

About KVH Industries

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.