Systematic Financial Management LP Sells 93,046 Shares of KVH Industries, Inc. (NASDAQ:KVHI)

Systematic Financial Management LP lowered its stake in KVH Industries, Inc. (NASDAQ:KVHI) by 7.3% in the 4th quarter, according to its most recent 13F filing with the Securities & 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 0.06% of KVH Industries worth $6,735,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. Black Diamond Capital Management L.L.C. increased its stake in shares of KVH Industries by 0.8% in the 4th quarter. Black Diamond Capital Management L.L.C. now owns 3,384,054 shares of the communications equipment provider’s stock valued at $19,289,000 after acquiring an additional 26,656 shares in the last quarter. Northern Trust Corp increased its stake in shares of KVH Industries by 24.8% in the 4th quarter. Northern Trust Corp now owns 79,584 shares of the communications equipment provider’s stock valued at $454,000 after acquiring an additional 15,796 shares in the last quarter. Boothbay Fund Management LLC increased its stake in shares of 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 acquiring an additional 19,008 shares in the last quarter. Hsbc Holdings PLC grew its position in KVH Industries by 4.5% in the 4th quarter. Hsbc Holdings PLC now owns 41,830 shares of the communications equipment provider’s stock valued at $226,000 after purchasing an additional 1,796 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in KVH Industries by 2.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 840,622 shares of the communications equipment provider’s stock valued at $4,791,000 after purchasing an additional 18,448 shares during the period. Institutional investors own 73.66% of the company’s stock.

KVH Industries Trading Down 1.5%

NASDAQ KVHI opened at $5.19 on Friday. The company has a fifty day simple moving average of $5.08 and a 200 day simple moving average of $5.41. KVH Industries, Inc. has a 12-month low of $4.17 and a 12-month high of $6.16. The company has a market cap of $101.72 million, a P/E ratio of -5.35 and a beta of 0.78.

KVH Industries (NASDAQ:KVHI) last posted its quarterly 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 net margin of 15.99% and a negative return on equity of 3.96%. The business had revenue of $25.41 million during the quarter, compared to analyst estimates 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.