KVH Industries, Inc. (NASDAQ:KVHI) Short Interest Update

KVH Industries, Inc. (NASDAQ:KVHI) saw a large decrease in short interest in August. As of August 31st, there was short interest totalling 51,100 shares, a decrease of 7.1% from the August 15th total of 55,000 shares. Currently, 0.5% of the company’s stock are short sold. Based on an average daily trading volume, of 106,000 shares, the days-to-cover ratio is presently 0.5 days.

Insiders Place Their Bets

In related news, major shareholder Bradley Louis Radoff bought 30,088 shares of the business’s stock in a transaction on 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 directly owns 295,088 shares in the company, valued at $1,366,257.44. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders purchased a total of 319,761 shares of company stock worth $1,406,960 in the last quarter. 5.30% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of KVHI. Cubist Systematic Strategies LLC acquired a new position in shares of KVH Industries during the 2nd quarter worth $30,000. American Century Companies Inc. acquired a new position in shares of KVH Industries during the 2nd quarter worth $54,000. AQR Capital Management LLC acquired a new position in shares of KVH Industries during the 2nd quarter worth $63,000. Marshall Wace LLP acquired a new position in shares of KVH Industries during the 2nd quarter worth $75,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of KVH Industries during the 2nd quarter worth $130,000. Institutional investors and hedge funds own 73.66% of the company’s stock.

KVH Industries Stock Up 0.4 %

KVHI stock opened at $4.61 on Thursday. KVH Industries has a 12-month low of $4.17 and a 12-month high of $5.69. The company has a market cap of $90.89 million, a price-to-earnings ratio of -4.80 and a beta of 0.60. The company has a 50 day moving average of $4.55 and a two-hundred day moving average of $4.78.

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

About KVH Industries

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.