Moors & Cabot Inc. Acquires 12,100 Shares of KVH Industries, Inc. (KVHI)
Moors & Cabot Inc. boosted its holdings in KVH Industries, Inc. (NASDAQ:KVHI) by 12.9% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 105,718 shares of the communications equipment provider’s stock after acquiring an additional 12,100 shares during the quarter. Moors & Cabot Inc. owned 0.62% of KVH Industries worth $1,016,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in KVHI. Bank of Montreal Can lifted its position in shares of KVH Industries by 4,123.0% during the 1st quarter. Bank of Montreal Can now owns 11,951 shares of the communications equipment provider’s stock worth $100,000 after buying an additional 11,668 shares in the last quarter. Cornerstone Capital Management Holdings LLC. bought a new position in shares of KVH Industries during the 1st quarter worth approximately $108,000. SG Americas Securities LLC bought a new position in shares of KVH Industries during the 2nd quarter worth approximately $108,000. Globeflex Capital L P lifted its position in shares of KVH Industries by 17,702.7% during the 1st quarter. Globeflex Capital L P now owns 13,174 shares of the communications equipment provider’s stock worth $111,000 after buying an additional 13,100 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its position in shares of KVH Industries by 26.6% during the 1st quarter. Russell Investments Group Ltd. now owns 13,311 shares of the communications equipment provider’s stock worth $112,000 after buying an additional 2,800 shares in the last quarter. 61.31% of the stock is currently owned by institutional investors and hedge funds.
KVH Industries, Inc. (NASDAQ:KVHI) traded up 3.83% during trading on Friday, hitting $12.20. 22,022 shares of the company’s stock traded hands. The stock’s market cap is $208.47 million. KVH Industries, Inc. has a 12 month low of $7.50 and a 12 month high of $12.75. The company’s 50 day moving average is $11.48 and its 200-day moving average is $9.86.
KVH Industries (NASDAQ:KVHI) last issued its earnings results on Wednesday, August 2nd. The communications equipment provider reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.19) by $0.20. The firm had revenue of $40.50 million for the quarter, compared to the consensus estimate of $40.55 million. KVH Industries had a negative net margin of 6.35% and a positive return on equity of 1.85%. The business’s revenue was down 12.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.08 earnings per share. On average, analysts predict that KVH Industries, Inc. will post $0.12 earnings per share for the current year.
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About KVH Industries
KVH Industries, Inc is a manufacturer of solutions that provide high-speed Internet, television and voice services through satellite to mobile users at sea and on land. The Company also provides commercially licensed entertainment, including news, sports, music and movies, to commercial and leisure customers in the maritime, hotel and retail markets.
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