Oppenheimer & Co. Inc. Holds Position in KVH Industries Inc. (KVHI)
Oppenheimer & Co. Inc. held its stake in KVH Industries Inc. (NASDAQ:KVHI) during the second quarter, Holdings Channel reports. The firm owned 39,786 shares of the company’s stock at the end of the second quarter. Oppenheimer & Co. Inc. owned approximately 0.25% of KVH Industries worth $306,000 at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of the stock. Keane Capital Partners LLC purchased a new stake in KVH Industries during the first quarter valued at $732,000. Outfitter Advisors LTD. increased its stake in KVH Industries by 0.3% in the first quarter. Outfitter Advisors LTD. now owns 255,668 shares of the company’s stock valued at $2,442,000 after buying an additional 700 shares during the last quarter. Kennedy Capital Management Inc. purchased a new stake in KVH Industries during the first quarter valued at $239,000. Geode Capital Management LLC increased its stake in KVH Industries by 1.0% in the first quarter. Geode Capital Management LLC now owns 95,635 shares of the company’s stock valued at $913,000 after buying an additional 985 shares during the last quarter. Finally, Spark Investment Management LLC increased its stake in KVH Industries by 177.6% in the first quarter. Spark Investment Management LLC now owns 34,419 shares of the company’s stock valued at $328,000 after buying an additional 22,019 shares during the last quarter. 65.07% of the stock is owned by institutional investors and hedge funds.
Shares of KVH Industries Inc. (NASDAQ:KVHI) traded up 1.38% during midday trading on Wednesday, hitting $8.80. The company had a trading volume of 7,563 shares. The company’s market cap is $145.28 million. The stock’s 50-day moving average price is $8.61 and its 200-day moving average price is $8.66. KVH Industries Inc. has a 12 month low of $7.31 and a 12 month high of $10.64.
KVH Industries (NASDAQ:KVHI) last posted its quarterly earnings data on Thursday, August 4th. The company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.02. KVH Industries had a return on equity of 5.62% and a net margin of 0.02%. The company had revenue of $46 million for the quarter, compared to the consensus estimate of $44.52 million. During the same period in the previous year, the business earned $0.13 EPS. KVH Industries’s revenue for the quarter was up 2.4% compared to the same quarter last year. On average, equities research analysts forecast that KVH Industries Inc. will post $0.61 EPS for the current year.
Several equities research analysts recently weighed in on the company. Chardan Capital downgraded KVH Industries from a “buy” rating to a “neutral” rating in a report on Tuesday, May 31st. Zacks Investment Research downgraded KVH Industries from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 7th.
In other KVH Industries news, CFO John Francis Mccarthy, Jr. acquired 8,700 shares of the company’s stock in a transaction on Friday, August 19th. The shares were bought at an average cost of $8.68 per share, for a total transaction of $75,516.00. Following the acquisition, the chief financial officer now directly owns 1,800 shares of the company’s stock, valued at $15,624. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 11.10% of the company’s stock.
KVH Industries Company Profile
KVH Industries, Inc is a manufacturer of solutions that provide high-speed Internet, television and voice services through satellite to mobile users at sea and on land. The Company also provides commercially licensed entertainment, including news, sports, music and movies, to commercial and leisure customers in the maritime, hotel and retail markets.
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