Tidal Investments LLC Invests $5.41 Million in KVH Industries, Inc. $KVHI

Tidal Investments LLC acquired a new stake in shares of KVH Industries, Inc. (NASDAQ:KVHI) in the second quarter, Holdings Channel.com reports. The firm acquired 546,272 shares of the communications equipment provider’s stock, valued at approximately $5,414,000.

Several other hedge funds have also made changes to their positions in the stock. Jane Street Group LLC grew its position in KVH Industries by 134.0% during the first quarter. Jane Street Group LLC now owns 33,227 shares of the communications equipment provider’s stock worth $176,000 after buying an additional 19,026 shares in the last quarter. Mink Brook Asset Management LLC raised its holdings in KVH Industries by 84.5% in the 2nd quarter. Mink Brook Asset Management LLC now owns 153,683 shares of the communications equipment provider’s stock valued at $819,000 after acquiring an additional 70,382 shares in the last quarter. Orion Porfolio Solutions LLC raised its holdings in KVH Industries by 3.3% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 68,829 shares of the communications equipment provider’s stock valued at $367,000 after acquiring an additional 2,222 shares in the last quarter. Squarepoint Ops LLC lifted its position in shares of KVH Industries by 27.8% in the 3rd quarter. Squarepoint Ops LLC now owns 27,303 shares of the communications equipment provider’s stock worth $153,000 after acquiring an additional 5,935 shares during the period. Finally, NewEdge Advisors LLC bought a new stake in shares of KVH Industries in the 3rd quarter worth approximately $90,000. Institutional investors own 73.66% of the company’s stock.

KVH Industries Stock Performance

Shares of KVH Industries stock opened at $7.23 on Monday. The stock has a market capitalization of $131.15 million, a price-to-earnings ratio of -24.10 and a beta of 0.43. The firm’s 50-day moving average price is $8.28 and its two-hundred day moving average price is $8.71. KVH Industries, Inc. has a 1-year low of $5.09 and a 1-year high of $13.00.

KVH Industries (NASDAQ:KVHI) last announced its earnings results on Thursday, August 6th. The communications equipment provider reported $0.01 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.03). The business had revenue of $33.72 million during the quarter, compared to analyst estimates of $33.70 million. KVH Industries had a negative return on equity of 0.76% and a negative net margin of 4.68%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Weiss Ratings restated a “sell (d-)” rating on shares of KVH Industries in a research report on Wednesday, June 24th. Wall Street Zen cut KVH Industries from a “buy” rating to a “hold” rating in a research report on Saturday, June 13th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average rating of “Sell”.

About KVH Industries

KVH Industries, Inc develops and manufactures mobile connectivity, inertial navigation, and stabilization systems for maritime, land mobile and defense markets. Its Satellite Communications Group delivers a range of mobile VSAT and broadband systems under the TracPhone and TracNet brands, offering high-speed data, voice and TV programming for commercial and leisure vessels. The company pairs its hardware offerings with the OneCare global network and service platform, providing 24/7 support and coverage across major satellite constellations.

The Inertial Systems Group at KVH produces fiber-optic and hemispherical resonator gyros, inertial measurement units (IMUs) and related inertial navigation products for aerospace, unmanned platforms and precision stabilization applications.