Systematic Financial Management LP Sells 115,479 Shares of KVH Industries, Inc. $KVHI

Systematic Financial Management LP cut its position in KVH Industries, Inc. (NASDAQ:KVHI) by 9.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,073,382 shares of the communications equipment provider’s stock after selling 115,479 shares during the quarter. Systematic Financial Management LP owned approximately 5.48% of KVH Industries worth $7,481,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Pekin Hardy Strauss Inc. bought a new position in KVH Industries in the fourth quarter worth about $321,000. Peapod Lane Capital LLC raised its holdings in KVH Industries by 0.7% in the fourth quarter. Peapod Lane Capital LLC now owns 414,734 shares of the communications equipment provider’s stock worth $2,891,000 after purchasing an additional 3,058 shares in the last quarter. Ritholtz Wealth Management bought a new position in KVH Industries in the fourth quarter worth about $355,000. Jacobs Levy Equity Management Inc. bought a new position in KVH Industries in the third quarter worth about $113,000. Finally, NewEdge Advisors LLC bought a new position in KVH Industries in the third quarter worth about $90,000. 73.66% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Wall Street Zen downgraded shares of KVH Industries from a “buy” rating to a “hold” rating in a report on Sunday. Weiss Ratings restated a “sell (d-)” rating on shares of KVH Industries in a research note on Friday, March 27th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of “Sell”.

KVH Industries Stock Performance

Shares of KVHI stock opened at $11.69 on Monday. KVH Industries, Inc. has a fifty-two week low of $5.09 and a fifty-two week high of $11.73. The firm has a market capitalization of $227.96 million, a price-to-earnings ratio of -44.96 and a beta of 0.43. The stock’s 50-day simple moving average is $9.47 and its 200-day simple moving average is $7.52.

KVH Industries (NASDAQ:KVHI) last issued its quarterly earnings results on Wednesday, May 6th. The communications equipment provider reported $0.03 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.05. KVH Industries had a negative return on equity of 0.80% and a negative net margin of 4.31%.The business had revenue of $32.32 million for the quarter, compared to analyst estimates of $30.56 million.

KVH Industries Profile

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.