KVH Industries, Inc. (NASDAQ:KVHI) Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC reduced its stake in shares of KVH Industries, Inc. (NASDAQ:KVHI) by 7.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 139,710 shares of the communications equipment provider’s stock after selling 10,720 shares during the period. Geode Capital Management LLC owned 0.71% of KVH Industries worth $675,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Cubist Systematic Strategies LLC acquired a new position in KVH Industries in the second quarter valued at approximately $30,000. American Century Companies Inc. acquired a new position in KVH Industries in the second quarter valued at approximately $54,000. AQR Capital Management LLC acquired a new position in KVH Industries in the second quarter valued at approximately $63,000. Marshall Wace LLP acquired a new position in KVH Industries in the second quarter valued at approximately $75,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in KVH Industries in the second quarter valued at approximately $130,000. 73.66% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at KVH Industries

In other KVH Industries news, major shareholder Bradley Louis Radoff acquired 17,499 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were purchased at an average cost of $4.67 per share, for a total transaction of $81,720.33. Following the completion of the acquisition, the insider now owns 2,077,499 shares of the company’s stock, valued at approximately $9,701,920.33. The trade was a 0.85 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. 20.70% of the stock is currently owned by insiders.

KVH Industries Stock Performance

KVHI opened at $5.74 on Friday. KVH Industries, Inc. has a one year low of $4.17 and a one year high of $6.00. The stock has a market capitalization of $113.65 million, a PE ratio of -5.92 and a beta of 0.62. The business’s 50 day moving average price is $5.39 and its 200 day moving average price is $4.89.

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.