KVH Industries, Inc. (NASDAQ:KVHI) Short Interest Update

KVH Industries, Inc. (NASDAQ:KVHI - Get Free Report) was the target of a large drop in short interest in October. As of October 15th, there was short interest totalling 62,900 shares, a drop of 34.9% from the September 30th total of 96,600 shares. Currently, 0.6% of the shares of the stock are sold short. Based on an average daily volume of 50,400 shares, the days-to-cover ratio is currently 1.2 days.

KVH Industries Stock Performance

Shares of NASDAQ KVHI traded down $0.14 during trading on Friday, reaching $4.65. The company had a trading volume of 22,674 shares, compared to its average volume of 85,520. KVH Industries has a 52 week low of $4.17 and a 52 week high of $5.49. The business's 50 day moving average price is $4.68 and its 200-day moving average price is $4.76. The stock has a market cap of $91.65 million, a PE ratio of -4.12 and a beta of 0.60.

KVH Industries (NASDAQ:KVHI - Get Free Report) 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. The firm had revenue of $28.67 million for the quarter. KVH Industries had a negative return on equity of 2.64% and a negative net margin of 17.88%.

Insider Buying and Selling

In other news, major shareholder Bradley Louis Radoff purchased 239,173 shares of KVH Industries stock in a transaction on Thursday, August 1st. The shares were purchased 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 approximately $8,741,325. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other KVH Industries news, Director Stephen H. Deckoff bought 50,200 shares of the stock in a transaction dated Thursday, September 12th. The stock was bought at an average cost of $4.47 per share, for a total transaction of $224,394.00. Following the completion of the purchase, 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 position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Bradley Louis Radoff purchased 239,173 shares of KVH Industries stock in a transaction that occurred on Thursday, August 1st. The shares were bought at an average price of $4.35 per share, for a total transaction of $1,040,402.55. Following the transaction, the insider now owns 2,009,500 shares in the company, valued at $8,741,325. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders bought 369,961 shares of company stock worth $1,631,354 and sold 4,816 shares worth $22,300. 20.70% of the stock is currently owned by corporate insiders.

Institutional Trading of KVH Industries

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. AMH Equity Ltd grew its position in shares of KVH Industries by 187.2% during the 1st quarter. AMH Equity Ltd now owns 250,000 shares of the communications equipment provider's stock worth $1,275,000 after buying an additional 162,949 shares during the period. Renaissance Technologies LLC grew its holdings in KVH Industries by 38.8% during the 2nd quarter. Renaissance Technologies LLC now owns 177,400 shares of the communications equipment provider's stock worth $825,000 after acquiring an additional 49,600 shares during the period. Acuitas Investments LLC raised its position in shares of KVH Industries by 19.1% during the 2nd quarter. Acuitas Investments LLC now owns 266,055 shares of the communications equipment provider's stock valued at $1,237,000 after acquiring an additional 42,613 shares during the last quarter. BNP Paribas Financial Markets raised 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 last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of KVH Industries in the 2nd quarter valued at $130,000. 73.66% of the stock is owned by institutional investors.

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.