Short Interest in KVH Industries, Inc. (NASDAQ:KVHI) Decreases By 5.4%

KVH Industries, Inc. (NASDAQ:KVHIGet Rating) was the target of a significant decline in short interest in December. As of December 30th, there was short interest totalling 63,300 shares, a decline of 5.4% from the December 15th total of 66,900 shares. Approximately 0.5% of the company’s stock are short sold. Based on an average trading volume of 40,200 shares, the short-interest ratio is currently 1.6 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Van ECK Associates Corp lifted its position in KVH Industries by 66.5% during the third quarter. Van ECK Associates Corp now owns 8,017 shares of the communications equipment provider’s stock valued at $74,000 after purchasing an additional 3,201 shares during the period. Trexquant Investment LP bought a new position in KVH Industries during the second quarter valued at approximately $218,000. Needham Investment Management LLC lifted its position in KVH Industries by 1.7% during the second quarter. Needham Investment Management LLC now owns 1,830,500 shares of the communications equipment provider’s stock valued at $15,925,000 after purchasing an additional 30,500 shares during the period. Kennedy Capital Management Inc. bought a new position in KVH Industries during the second quarter valued at approximately $2,024,000. Finally, Acadian Asset Management LLC lifted its position in KVH Industries by 149.4% during the first quarter. Acadian Asset Management LLC now owns 37,776 shares of the communications equipment provider’s stock valued at $342,000 after purchasing an additional 22,629 shares during the period. Institutional investors own 64.19% of the company’s stock.

Analyst Upgrades and Downgrades

KVHI has been the topic of several research reports. Raymond James lowered shares of KVH Industries from a “strong-buy” rating to a “market perform” rating in a research note on Thursday, December 8th. TheStreet raised shares of KVH Industries from a “d+” rating to a “c” rating in a research note on Tuesday, December 6th. StockNews.com raised shares of KVH Industries from a “hold” rating to a “buy” rating in a research note on Wednesday, December 7th. Finally, Needham & Company LLC upped their target price on shares of KVH Industries from $12.00 to $13.00 and gave the stock a “buy” rating in a research note on Wednesday, December 7th.

KVH Industries Stock Performance

Shares of NASDAQ KVHI opened at $10.42 on Monday. The firm’s 50 day moving average price is $10.40 and its 200-day moving average price is $9.70. The company has a market cap of $199.88 million, a PE ratio of 10.12 and a beta of 0.59. KVH Industries has a 52-week low of $6.89 and a 52-week high of $11.88.

KVH Industries (NASDAQ:KVHIGet Rating) last issued its earnings results on Tuesday, December 6th. The communications equipment provider reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.06. The firm had revenue of $35.17 million for the quarter, compared to the consensus estimate of $39.10 million. KVH Industries had a net margin of 12.05% and a negative return on equity of 4.13%. On average, analysts forecast that KVH Industries will post -0.12 earnings per share for the current fiscal year.

About KVH Industries

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KVH Industries, Inc engages in the provision of internet, television and voice services via satellite to mobile users at sea and on land. It operates through the Mobile Connectivity and Inertial Navigation segments. The Mobile Connectivity segment consists of satellite television and internet solutions and media and content delivery solutions.

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