Peapod Lane Capital LLC Acquires 25,993 Shares of KVH Industries, Inc. $KVHI

Peapod Lane Capital LLC increased its position in shares of KVH Industries, Inc. (NASDAQ:KVHI) by 7.7% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 362,086 shares of the communications equipment provider’s stock after buying an additional 25,993 shares during the period. KVH Industries accounts for 1.9% of Peapod Lane Capital LLC’s holdings, making the stock its 19th biggest holding. Peapod Lane Capital LLC owned about 1.85% of KVH Industries worth $1,930,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of KVHI. Jane Street Group LLC grew its holdings in KVH Industries by 134.0% in the first quarter. Jane Street Group LLC now owns 33,227 shares of the communications equipment provider’s stock worth $176,000 after purchasing an additional 19,026 shares during the period. Mink Brook Asset Management LLC acquired a new position in shares of KVH Industries during the first quarter valued at about $441,000. Finally, Systematic Financial Management LP lifted its position in shares of KVH Industries by 1.4% during the first 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 in the last quarter. Institutional investors own 73.66% of the company’s stock.

KVH Industries Stock Up 1.1%

NASDAQ KVHI opened at $5.63 on Friday. The company’s 50 day moving average is $5.73 and its 200-day moving average is $5.39. KVH Industries, Inc. has a 12-month low of $4.35 and a 12-month high of $6.41. The firm has a market cap of $109.81 million, a P/E ratio of -17.59 and a beta of 0.82.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of KVH Industries in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has a consensus rating of “Sell”.

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.