Systematic Financial Management LP Reduces Stake in KVH Industries, Inc. $KVHI

Systematic Financial Management LP lowered its position in KVH Industries, Inc. (NASDAQ:KVHI) by 9.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,073,382 shares of the communications equipment provider’s stock after selling 115,479 shares during the period. Systematic Financial Management LP owned approximately 0.05% of KVH Industries worth $7,481,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. NewEdge Advisors LLC purchased a new stake in KVH Industries in the third quarter valued at approximately $90,000. Jacobs Levy Equity Management Inc. purchased a new stake in KVH Industries in the third quarter valued at approximately $113,000. Squarepoint Ops LLC boosted its position in KVH Industries by 27.8% in the third quarter. Squarepoint Ops LLC now owns 27,303 shares of the communications equipment provider’s stock valued at $153,000 after buying an additional 5,935 shares during the last quarter. Jane Street Group LLC boosted its position 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 valued at $176,000 after buying an additional 19,026 shares during the last quarter. Finally, Pekin Hardy Strauss Inc. purchased a new stake in KVH Industries in the fourth quarter valued at approximately $321,000. Hedge funds and other institutional investors own 73.66% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on KVHI. Weiss Ratings restated a “sell (d-)” rating on shares of KVH Industries in a research report on Friday, March 27th. Wall Street Zen lowered KVH Industries from a “buy” rating to a “hold” rating in a research report on Sunday. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has a consensus rating of “Sell”.

KVH Industries Stock Performance

KVH Industries stock opened at $11.69 on Monday. KVH Industries, Inc. has a 12 month low of $5.09 and a 12 month high of $11.73. The stock’s 50 day simple moving average is $9.47 and its two-hundred day simple moving average is $7.52. The firm has a market cap of $227.96 million, a PE ratio of -44.96 and a beta of 0.43.

KVH Industries (NASDAQ:KVHI) last announced its earnings results on Wednesday, May 6th. The communications equipment provider reported $0.03 earnings per share (EPS) for the quarter, beating 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 firm 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.