AQR Capital Management LLC Makes New Investment in KVH Industries, Inc. (NASDAQ:KVHI)

AQR Capital Management LLC acquired a new position in KVH Industries, Inc. (NASDAQ:KVHI) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 13,643 shares of the communications equipment provider’s stock, valued at approximately $63,000. AQR Capital Management LLC owned 0.07% of KVH Industries as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of KVHI. Vanguard Group Inc. increased its stake in shares of KVH Industries by 0.7% during the first quarter. Vanguard Group Inc. now owns 962,968 shares of the communications equipment provider’s stock worth $4,911,000 after purchasing an additional 6,382 shares in the last quarter. BNP Paribas Financial Markets increased its stake in shares of KVH Industries by 637.6% during the first quarter. BNP Paribas Financial Markets now owns 41,134 shares of the communications equipment provider’s stock worth $210,000 after purchasing an additional 35,557 shares in the last quarter. American Century Companies Inc. purchased a new stake in shares of KVH Industries during the second quarter worth about $54,000. Price T Rowe Associates Inc. MD increased its stake in shares of KVH Industries by 18.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 42,385 shares of the communications equipment provider’s stock worth $217,000 after purchasing an additional 6,730 shares in the last quarter. Finally, Hsbc Holdings PLC increased its stake in shares of KVH Industries by 19.7% during the second quarter. Hsbc Holdings PLC now owns 30,733 shares of the communications equipment provider’s stock worth $145,000 after purchasing an additional 5,054 shares in the last quarter. Institutional investors and hedge funds own 73.66% of the company’s stock.

Insider Transactions at KVH Industries

In other KVH Industries news, Director Stephen H. Deckoff bought 50,200 shares of KVH Industries stock in a transaction on Thursday, September 12th. The shares were bought at an average cost of $4.47 per share, for a total transaction of $224,394.00. Following the acquisition, the director now directly owns 3,357,398 shares in the company, valued at $15,007,569.06. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, major shareholder Bradley Louis Radoff bought 239,173 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The shares were purchased at an average cost of $4.35 per share, with a total value of $1,040,402.55. Following the transaction, the insider now directly owns 2,009,500 shares of the company’s stock, valued at approximately $8,741,325. This represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Stephen H. Deckoff bought 50,200 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The stock was bought at an average cost of $4.47 per share, for a total transaction of $224,394.00. Following the completion of the transaction, the director now directly owns 3,357,398 shares in the company, valued at approximately $15,007,569.06. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 369,961 shares of company stock worth $1,631,354 and have sold 4,816 shares worth $22,300. Company insiders own 5.30% of the company’s stock.

KVH Industries Stock Down 2.5 %

KVHI stock opened at $4.76 on Friday. KVH Industries, Inc. has a 52 week low of $4.17 and a 52 week high of $5.49. The stock has a market capitalization of $93.85 million, a P/E ratio of -4.96 and a beta of 0.60. The firm has a 50-day simple moving average of $4.66 and a 200-day simple moving average of $4.77.

KVH Industries (NASDAQ:KVHI) last posted its earnings results on Thursday, August 1st. The communications equipment provider reported ($0.07) earnings per share for the quarter, beating the consensus estimate of ($0.09) by $0.02. The company 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.