Renaissance Technologies LLC Buys 49,600 Shares of KVH Industries, Inc. (NASDAQ:KVHI)

Renaissance Technologies LLC grew its holdings in shares of KVH Industries, Inc. (NASDAQ:KVHI) by 38.8% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 177,400 shares of the communications equipment provider’s stock after purchasing an additional 49,600 shares during the quarter. Renaissance Technologies LLC owned approximately 0.90% of KVH Industries worth $825,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the business. Twin Focus Capital Partners LLC purchased a new stake in KVH Industries in the 4th quarter worth approximately $859,000. AMH Equity Ltd increased its stake in shares of KVH Industries by 187.2% in the first quarter. AMH Equity Ltd now owns 250,000 shares of the communications equipment provider’s stock worth $1,275,000 after purchasing an additional 162,949 shares in the last quarter. Palogic Value Management L.P. lifted its stake in shares of KVH Industries by 77.0% during the 4th quarter. Palogic Value Management L.P. now owns 268,724 shares of the communications equipment provider’s stock valued at $1,413,000 after buying an additional 116,895 shares in the last quarter. Acuitas Investments LLC lifted its stake in shares of KVH Industries by 19.1% during the 2nd quarter. Acuitas Investments LLC now owns 266,055 shares of the communications equipment provider’s stock valued at $1,237,000 after buying an additional 42,613 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its holdings in KVH Industries by 637.6% in the 1st quarter. BNP Paribas Financial Markets now owns 41,134 shares of the communications equipment provider’s stock worth $210,000 after buying an additional 35,557 shares during the period. Hedge funds and other institutional investors own 73.66% of the company’s stock.

Insider Buying and Selling at KVH Industries

In other KVH Industries news, major shareholder Bradley Louis Radoff bought 30,088 shares of the business’s stock in a transaction dated Wednesday, September 4th. The shares were purchased at an average price of $4.63 per share, with a total value of $139,307.44. Following the completion of the purchase, the insider now owns 295,088 shares in the company, valued at $1,366,257.44. This represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, Director Stephen H. Deckoff bought 50,200 shares of the company’s stock in a transaction on Thursday, September 12th. The shares were acquired at an average price of $4.47 per share, with a total value of $224,394.00. Following the transaction, the director now owns 3,357,398 shares of the company’s stock, valued at $15,007,569.06. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Bradley Louis Radoff bought 30,088 shares of the company’s stock in a transaction on Wednesday, September 4th. The shares were bought at an average cost 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 approximately $1,366,257.44. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders have purchased a total of 369,961 shares of company stock worth $1,631,354 over the last ninety days. Company insiders own 5.30% of the company’s stock.

KVH Industries Stock Down 1.9 %

Shares of KVH Industries stock opened at $4.75 on Tuesday. The stock’s 50-day simple moving average is $4.58 and its 200-day simple moving average is $4.78. KVH Industries, Inc. has a 52 week low of $4.17 and a 52 week high of $5.49. The company has a market capitalization of $93.65 million, a price-to-earnings ratio of -4.95 and a beta of 0.60.

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

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.