Brinker Capital Investments LLC Sells 2,149 Shares of KVH Industries, Inc. (NASDAQ:KVHI)

Posted by Defense World Staff on May 4th, 2023

Brinker Capital Investments LLC lessened its holdings in shares of KVH Industries, Inc. (NASDAQ:KVHI – Get Rating) by 2.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 88,368 shares of the communications equipment provider’s stock after selling 2,149 shares during the quarter. Brinker Capital Investments LLC owned about 0.46% of KVH Industries worth $903,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Potomac Capital Management Inc. boosted its position in shares of KVH Industries by 13.0% during the 3rd quarter. Potomac Capital Management Inc. now owns 645,921 shares of the communications equipment provider’s stock valued at $5,955,000 after acquiring an additional 74,421 shares during the last quarter. Citadel Advisors LLC raised its holdings in shares of KVH Industries by 37.5% during the 3rd quarter. Citadel Advisors LLC now owns 93,630 shares of the communications equipment provider’s stock valued at $864,000 after buying an additional 25,555 shares in the last quarter. Systematic Financial Management LP raised its holdings in shares of KVH Industries by 0.9% during the 3rd quarter. Systematic Financial Management LP now owns 1,871,974 shares of the communications equipment provider’s stock valued at $17,260,000 after buying an additional 16,444 shares in the last quarter. Boothbay Fund Management LLC raised its holdings in shares of KVH Industries by 620.2% during the 3rd quarter. Boothbay Fund Management LLC now owns 90,000 shares of the communications equipment provider’s stock valued at $830,000 after buying an additional 77,503 shares in the last quarter. Finally, First Republic Investment Management Inc. raised its holdings in shares of KVH Industries by 2.0% during the 3rd quarter. First Republic Investment Management Inc. now owns 152,822 shares of the communications equipment provider’s stock valued at $1,409,000 after buying an additional 3,026 shares in the last quarter. Institutional investors own 64.19% of the company’s stock.

KVH Industries Price Performance

Shares of KVH Industries stock opened at $10.51 on Thursday. The business’s 50 day simple moving average is $10.71 and its two-hundred day simple moving average is $10.43. The stock has a market capitalization of $201.30 million, a P/E ratio of 8.21 and a beta of 0.59. KVH Industries, Inc. has a one year low of $6.89 and a one year high of $12.10.

KVH Industries (NASDAQ:KVHI – Get Rating) last announced its quarterly earnings results on Thursday, March 16th. The communications equipment provider reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.07. The business had revenue of $36.01 million for the quarter, compared to analysts’ expectations of $35.00 million. KVH Industries had a negative return on equity of 0.26% and a net margin of 15.64%.

Wall Street Analyst Weigh In

KVHI has been the topic of a number of research reports. Needham & Company LLC reissued a “buy” rating and set a $13.00 price objective on shares of KVH Industries in a report on Friday, March 17th. StockNews.com cut KVH Industries from a “strong-buy” rating to a “buy” rating in a report on Monday, April 3rd.

About KVH Industries

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KVH Industries, Inc engages in the provision of internet, television and voice services via satellite to mobile users at sea and on land. It operates through the Mobile Connectivity and Inertial Navigation segments. The Mobile Connectivity segment consists of satellite television and internet solutions and media and content delivery solutions.