Point72 Asia Singapore Pte. Ltd. Takes Position in KVH Industries, Inc. (NASDAQ:KVHI)

Point72 Asia Singapore Pte. Ltd. purchased a new position in KVH Industries, Inc. (NASDAQ:KVHI) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 28,033 shares of the communications equipment provider’s stock, valued at approximately $130,000.

Several other large investors also recently added to or reduced their stakes in KVHI. Cubist Systematic Strategies LLC bought a new stake in shares of KVH Industries in the 2nd quarter valued at approximately $30,000. American Century Companies Inc. bought a new stake in KVH Industries in the second quarter worth $54,000. Marshall Wace LLP purchased a new position in KVH Industries during the second quarter worth $75,000. Hsbc Holdings PLC raised its stake in shares of KVH Industries by 19.7% in the second quarter. Hsbc Holdings PLC now owns 30,733 shares of the communications equipment provider’s stock valued at $145,000 after acquiring an additional 5,054 shares during the period. Finally, Marquette Asset Management LLC lifted its holdings in shares of KVH Industries by 26.6% in the 1st quarter. Marquette Asset Management LLC now owns 40,503 shares of the communications equipment provider’s stock worth $207,000 after acquiring an additional 8,503 shares during the last quarter. 73.66% of the stock is owned by institutional investors.

KVH Industries Trading Up 1.3 %

Shares of NASDAQ:KVHI opened at $4.75 on Friday. KVH Industries, Inc. has a 12 month low of $4.17 and a 12 month 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. The firm’s 50-day moving average is $4.56 and its 200 day moving average is $4.78.

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

Insider Activity

In related news, major shareholder Bradley Louis Radoff acquired 239,173 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The stock was purchased at an average cost of $4.35 per share, for a total transaction of $1,040,402.55. Following the purchase, the insider now directly owns 2,009,500 shares of the company’s stock, valued at approximately $8,741,325. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other KVH Industries news, Director Stephen H. Deckoff acquired 50,200 shares of the stock in a transaction dated Thursday, September 12th. The stock was purchased at an average price of $4.47 per share, with a total value of $224,394.00. Following the transaction, the director now directly owns 3,357,398 shares of the company’s stock, valued at $15,007,569.06. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Bradley Louis Radoff bought 239,173 shares of KVH Industries stock in a transaction that occurred on Thursday, August 1st. The shares were acquired at an average cost of $4.35 per share, for a total transaction of $1,040,402.55. Following the completion of the transaction, the insider now directly owns 2,009,500 shares in the company, valued at $8,741,325. 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. 5.30% of the stock is currently owned by company insiders.

KVH Industries 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.