KVH Industries, Inc. (NASDAQ:KVHI) Short Interest Down 34.9% in October

KVH Industries, Inc. (NASDAQ:KVHI) was the recipient of a large drop in short interest in the month of October. As of October 15th, there was short interest totalling 62,900 shares, a drop of 34.9% from the September 30th total of 96,600 shares. Approximately 0.6% of the shares of the stock are short sold. Based on an average daily trading volume, of 50,400 shares, the short-interest ratio is currently 1.2 days.

Insider Buying and Selling at KVH Industries

In other KVH Industries news, major shareholder Bradley Louis Radoff acquired 30,088 shares of KVH Industries stock in a transaction dated Wednesday, September 4th. The stock was bought at an average price of $4.63 per share, for a total transaction of $139,307.44. Following the transaction, the insider now owns 295,088 shares in the company, valued at approximately $1,366,257.44. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, major shareholder Bradley Louis Radoff purchased 30,088 shares of KVH Industries stock in a transaction dated Wednesday, September 4th. The stock was acquired at an average cost of $4.63 per share, with a total value of $139,307.44. Following the completion of the transaction, the insider now directly owns 295,088 shares of the company’s stock, valued at $1,366,257.44. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Stephen H. Deckoff acquired 50,200 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The shares were acquired at an average cost of $4.47 per share, for a total transaction of $224,394.00. Following the transaction, the director now owns 3,357,398 shares of the company’s stock, valued at approximately $15,007,569.06. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 369,961 shares of company stock valued at $1,631,354 and have sold 4,816 shares valued at $22,300. 20.70% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On KVH Industries

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Cubist Systematic Strategies LLC bought a new position in KVH Industries in the second quarter valued at about $30,000. American Century Companies Inc. bought a new stake in shares of KVH Industries during the second quarter worth about $54,000. AQR Capital Management LLC bought a new stake in shares of KVH Industries during the second quarter worth about $63,000. Marshall Wace LLP bought a new stake in shares of KVH Industries during the second quarter worth about $75,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of KVH Industries during the second quarter worth about $130,000. Institutional investors and hedge funds own 73.66% of the company’s stock.

KVH Industries Trading Down 2.9 %

Shares of KVH Industries stock traded down $0.14 during trading on Friday, reaching $4.65. The company’s stock had a trading volume of 22,674 shares, compared to its average volume of 85,520. The stock has a 50-day moving average price of $4.68 and a two-hundred day moving average price of $4.76. KVH Industries has a one year low of $4.17 and a one year high of $5.49. The stock has a market capitalization of $91.65 million, a P/E ratio of -4.12 and a beta of 0.60.

KVH Industries (NASDAQ:KVHI) last announced its quarterly earnings results on Thursday, August 1st. The communications equipment provider reported ($0.07) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.02. The business had revenue of $28.67 million for the quarter. KVH Industries had a negative net margin of 17.88% and a negative return on equity of 2.64%.

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.