KVH Industries, Inc. (NASDAQ:KVHI) Shares Bought by Renaissance Technologies LLC

Renaissance Technologies LLC boosted its stake in shares of KVH Industries, Inc. (NASDAQ:KVHI) by 38.8% during the 2nd quarter, Holdings Channel.com reports. The firm owned 177,400 shares of the communications equipment provider’s stock after purchasing an additional 49,600 shares during the quarter. Renaissance Technologies LLC’s holdings in KVH Industries were worth $825,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. American Century Companies Inc. acquired a new stake in shares of KVH Industries during the 2nd quarter valued at about $54,000. Marquette Asset Management LLC grew its position in shares of KVH Industries by 26.6% during the 1st quarter. Marquette Asset Management LLC now owns 40,503 shares of the communications equipment provider’s stock valued at $207,000 after acquiring an additional 8,503 shares during the period. BNP Paribas Financial Markets grew its position in shares of KVH Industries by 637.6% during the 1st quarter. BNP Paribas Financial Markets now owns 41,134 shares of the communications equipment provider’s stock valued at $210,000 after acquiring an additional 35,557 shares during the period. Price T Rowe Associates Inc. MD grew its position in shares of KVH Industries by 18.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 42,385 shares of the communications equipment provider’s stock valued at $217,000 after acquiring an additional 6,730 shares during the period. Finally, Twin Focus Capital Partners LLC acquired a new stake in shares of KVH Industries during the 4th quarter valued at about $859,000. 73.66% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Stephen H. Deckoff purchased 50,200 shares of KVH Industries stock in a transaction dated Thursday, September 12th. The shares were purchased 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 in the company, valued at $15,007,569.06. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, major shareholder Bradley Louis Radoff bought 239,173 shares of the stock in a transaction that occurred on Thursday, August 1st. The stock was purchased at an average price of $4.35 per share, for a total transaction of $1,040,402.55. Following the completion of the purchase, the insider now owns 2,009,500 shares in the company, valued at approximately $8,741,325. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Stephen H. Deckoff bought 50,200 shares of the stock in a transaction that occurred on Thursday, September 12th. The shares were purchased at an average price of $4.47 per share, with a total value of $224,394.00. Following the purchase, 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 bought 369,961 shares of company stock valued at $1,631,354. 5.30% of the stock is currently owned by company insiders.

KVH Industries Stock Down 1.9 %

NASDAQ:KVHI opened at $4.75 on Tuesday. 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 $93.65 million, a PE ratio of -4.95 and a beta of 0.60. The stock’s 50-day moving average price is $4.58 and its 200-day moving average price is $4.78.

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