KVH Industries, Inc. (KVHI) Stake Raised by BlackRock Inc.

Share on StockTwits

BlackRock Inc. grew its stake in KVH Industries, Inc. (NASDAQ:KVHI) by 1.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,209,227 shares of the communications equipment provider’s stock after purchasing an additional 19,010 shares during the quarter. BlackRock Inc. owned approximately 6.82% of KVH Industries worth $12,443,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. First Republic Investment Management Inc. raised its stake in shares of KVH Industries by 46.2% in the 3rd quarter. First Republic Investment Management Inc. now owns 17,166 shares of the communications equipment provider’s stock valued at $225,000 after purchasing an additional 5,421 shares in the last quarter. Rhumbline Advisers raised its stake in shares of KVH Industries by 44.0% in the 4th quarter. Rhumbline Advisers now owns 22,987 shares of the communications equipment provider’s stock valued at $237,000 after purchasing an additional 7,022 shares in the last quarter. ETF Managers Group LLC acquired a new stake in shares of KVH Industries in the 4th quarter valued at about $250,000. Renaissance Technologies LLC raised its stake in shares of KVH Industries by 2.0% in the 3rd quarter. Renaissance Technologies LLC now owns 386,000 shares of the communications equipment provider’s stock valued at $5,057,000 after purchasing an additional 7,600 shares in the last quarter. Finally, Investment Management of Virginia LLC raised its stake in shares of KVH Industries by 3.5% in the 4th quarter. Investment Management of Virginia LLC now owns 696,968 shares of the communications equipment provider’s stock valued at $7,172,000 after purchasing an additional 23,779 shares in the last quarter. Institutional investors and hedge funds own 54.89% of the company’s stock.

Shares of NASDAQ:KVHI opened at $9.99 on Friday. The company has a quick ratio of 0.98, a current ratio of 1.39 and a debt-to-equity ratio of 0.20. KVH Industries, Inc. has a fifty-two week low of $9.16 and a fifty-two week high of $14.15. The stock has a market cap of $177.26 million, a P/E ratio of -83.25 and a beta of 0.79.

KVH Industries (NASDAQ:KVHI) last announced its quarterly earnings data on Friday, March 1st. The communications equipment provider reported ($0.03) earnings per share for the quarter. KVH Industries had a negative net margin of 4.82% and a negative return on equity of 2.43%. The business had revenue of $43.75 million for the quarter, compared to the consensus estimate of $46.08 million. On average, equities analysts expect that KVH Industries, Inc. will post -0.15 earnings per share for the current fiscal year.

In related news, EVP Mark Woodhead sold 2,347 shares of the business’s stock in a transaction dated Wednesday, February 20th. The shares were sold at an average price of $11.51, for a total transaction of $27,013.97. Following the completion of the sale, the executive vice president now owns 37,831 shares of the company’s stock, valued at approximately $435,434.81. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Van Heyningen Martin Kits sold 5,166 shares of the business’s stock in a transaction dated Wednesday, February 20th. The shares were sold at an average price of $11.51, for a total transaction of $59,460.66. Following the sale, the chief executive officer now directly owns 801,752 shares of the company’s stock, valued at approximately $9,228,165.52. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 30,306 shares of company stock valued at $331,491. Insiders own 9.20% of the company’s stock.

A number of equities research analysts have recently issued reports on the stock. ValuEngine lowered shares of KVH Industries from a “buy” rating to a “hold” rating in a research note on Friday, March 22nd. B. Riley assumed coverage on shares of KVH Industries in a research note on Wednesday, March 6th. They issued a “buy” rating and a $15.00 target price on the stock. Raymond James set a $13.00 target price on shares of KVH Industries and gave the company a “buy” rating in a research note on Tuesday, March 5th. Finally, Zacks Investment Research lowered shares of KVH Industries from a “hold” rating to a “sell” rating in a research note on Tuesday, January 1st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. KVH Industries currently has an average rating of “Buy” and a consensus price target of $15.20.

ILLEGAL ACTIVITY WARNING: “KVH Industries, Inc. (KVHI) Stake Raised by BlackRock Inc.” was first reported by Highlight Press and is owned by of Highlight Press. If you are reading this news story on another site, it was copied illegally and republished in violation of United States & international copyright and trademark law. The correct version of this news story can be viewed at https://highlightpress.com/2019/04/20/kvh-industries-inc-kvhi-stake-raised-by-blackrock-inc.html.

KVH Industries Profile

KVH Industries, Inc designs, develops, manufactures, and markets mobile connectivity products and services for the marine and land mobile markets in the United States and internationally. The company offers mobile satellite TV and communications products; two-way satellite communications systems; onboard V-IP terminals and hub equipment; network management hardware and software products for maritime communications; and Iridium OpenPort hardware products and services.

Featured Story: Technical Analysis of Stocks, How Can It Help

Institutional Ownership by Quarter for KVH Industries (NASDAQ:KVHI)

Receive News & Ratings for KVH Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KVH Industries and related companies with MarketBeat.com's FREE daily email newsletter.