Tidal Investments LLC purchased a new position in shares of KVH Industries, Inc. (NASDAQ:KVHI - Free Report) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 546,272 shares of the communications equipment provider's stock, valued at approximately $5,414,000. Tidal Investments LLC owned approximately 3.01% of KVH Industries at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in the company. Engineers Gate Manager LP bought a new stake in shares of KVH Industries in the 2nd quarter valued at approximately $131,000. AXQ Capital LP acquired a new position in KVH Industries in the second quarter worth approximately $132,000. Round Rock Advisors LLC bought a new position in KVH Industries during the second quarter valued at approximately $360,000. Cannell Capital LLC bought a new position in KVH Industries during the second quarter valued at approximately $1,138,996. Finally, Empowered Funds LLC acquired a new stake in KVH Industries in the second quarter valued at approximately $335,000. 73.66% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several research firms have commented on KVHI. Weiss Ratings reissued a "sell (d-)" rating on shares of KVH Industries in a research report on Wednesday, June 24th. Wall Street Zen downgraded shares of KVH Industries from a "buy" rating to a "hold" rating in a report on Saturday, June 13th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has an average rating of "Sell".
Check Out Our Latest Analysis on KVHI
KVH Industries Stock Performance
NASDAQ KVHI opened at $7.23 on Monday. The stock has a 50-day simple moving average of $8.28 and a 200 day simple moving average of $8.71. KVH Industries, Inc. has a twelve month low of $5.09 and a twelve month high of $13.00. The stock has a market capitalization of $131.15 million, a PE ratio of -24.10 and a beta of 0.43.
KVH Industries (NASDAQ:KVHI - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The communications equipment provider reported $0.01 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.03). KVH Industries had a negative return on equity of 0.76% and a negative net margin of 4.68%.The business had revenue of $33.72 million during the quarter, compared to the consensus estimate of $33.70 million.
About KVH Industries
(
Free Report)
KVH Industries, Inc develops and manufactures mobile connectivity, inertial navigation, and stabilization systems for maritime, land mobile and defense markets. Its Satellite Communications Group delivers a range of mobile VSAT and broadband systems under the TracPhone and TracNet brands, offering high-speed data, voice and TV programming for commercial and leisure vessels. The company pairs its hardware offerings with the OneCare global network and service platform, providing 24/7 support and coverage across major satellite constellations.
The Inertial Systems Group at KVH produces fiber-optic and hemispherical resonator gyros, inertial measurement units (IMUs) and related inertial navigation products for aerospace, unmanned platforms and precision stabilization applications.
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