Systematic Financial Management LP Lowers Position in KVH Industries, Inc. (NASDAQ:KVHI)

Systematic Financial Management LP trimmed its holdings in shares of KVH Industries, Inc. (NASDAQ:KVHI - Free Report) by 7.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,181,557 shares of the communications equipment provider's stock after selling 93,046 shares during the quarter. Systematic Financial Management LP owned 5.97% of KVH Industries worth $6,735,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Hsbc Holdings PLC lifted its stake in KVH Industries by 4.5% in the fourth quarter. Hsbc Holdings PLC now owns 41,830 shares of the communications equipment provider's stock worth $226,000 after purchasing an additional 1,796 shares during the last quarter. Barclays PLC lifted its stake in shares of KVH Industries by 4.2% during the 3rd quarter. Barclays PLC now owns 65,466 shares of the communications equipment provider's stock worth $316,000 after acquiring an additional 2,645 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of KVH Industries by 5.3% during the fourth 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 during the last quarter. Northern Trust Corp boosted its stake in shares of KVH Industries by 24.8% during 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 during the period. Finally, Dimensional Fund Advisors LP grew its holdings in shares of KVH Industries by 2.2% in the fourth 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 during the last quarter. 73.66% of the stock is owned by institutional investors.

KVH Industries Trading Down 1.0%

Shares of KVH Industries stock traded down $0.06 on Friday, hitting $5.29. 3,724 shares of the company traded hands, compared to its average volume of 55,509. The company has a market cap of $103.58 million, a PE ratio of -5.49 and a beta of 0.78. The stock's 50 day moving average price is $5.09 and its 200-day moving average price is $5.42. KVH Industries, Inc. has a 52 week low of $4.17 and a 52 week high of $6.16.

KVH Industries (NASDAQ:KVHI - Get Free Report) last issued its earnings results on Wednesday, May 7th. The communications equipment provider reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.05). KVH Industries had a negative return on equity of 3.96% and a negative net margin of 15.99%. The business had revenue of $25.41 million for the quarter, compared to the consensus estimate of $28.39 million.

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.