Peapod Lane Capital LLC acquired a new position in shares of KVH Industries, Inc. (NASDAQ:KVHI - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 334,927 shares of the communications equipment provider's stock, valued at approximately $1,909,000. KVH Industries accounts for approximately 1.9% of Peapod Lane Capital LLC's portfolio, making the stock its 20th largest position. Peapod Lane Capital LLC owned 1.69% of KVH Industries at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in KVHI. Barclays PLC increased its position in shares of KVH Industries by 4.2% in the third quarter. Barclays PLC now owns 65,466 shares of the communications equipment provider's stock worth $316,000 after purchasing an additional 2,645 shares during the period. State Street Corp grew its stake in KVH Industries by 6.0% during the third quarter. State Street Corp now owns 59,980 shares of the communications equipment provider's stock worth $290,000 after buying an additional 3,400 shares in the last quarter. Cubist Systematic Strategies LLC bought a new position in KVH Industries in the 2nd quarter valued at about $30,000. Finally, AQR Capital Management LLC bought a new position in KVH Industries in the 2nd quarter valued at about $63,000. 73.66% of the stock is owned by institutional investors and hedge funds.
KVH Industries Stock Performance
Shares of KVH Industries stock traded up $0.06 on Monday, reaching $6.06. 13,373 shares of the stock were exchanged, compared to its average volume of 25,942. The firm's 50 day moving average is $5.79 and its 200-day moving average is $5.14. The firm has a market cap of $119.99 million, a PE ratio of -6.25 and a beta of 0.63. KVH Industries, Inc. has a one year low of $4.17 and a one year high of $6.16.
About KVH Industries
(
Free Report)
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.
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