Tema ETFs LLC Acquires 545,096 Shares of KVH Industries, Inc. $KVHI

Tema ETFs LLC raised its holdings in KVH Industries, Inc. (NASDAQ:KVHI) by 46,351.7% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 546,272 shares of the communications equipment provider’s stock after acquiring an additional 545,096 shares during the quarter. Tema ETFs LLC’s holdings in KVH Industries were worth $5,414,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of KVHI. Potomac Capital Management Inc. acquired a new position in shares of KVH Industries during the fourth quarter worth $3,252,000. Peapod Lane Capital LLC raised its position in KVH Industries by 0.7% during the 4th quarter. Peapod Lane Capital LLC now owns 414,734 shares of the communications equipment provider’s stock worth $2,891,000 after purchasing an additional 3,058 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in KVH Industries by 22.0% during the 1st quarter. Renaissance Technologies LLC now owns 345,515 shares of the communications equipment provider’s stock worth $3,096,000 after buying an additional 62,407 shares during the period. Geode Capital Management LLC grew its position in shares of KVH Industries by 4.9% in the 4th quarter. Geode Capital Management LLC now owns 160,108 shares of the communications equipment provider’s stock valued at $1,116,000 after buying an additional 7,474 shares during the last quarter. Finally, Mink Brook Asset Management LLC grew its position in shares of 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 buying an additional 70,382 shares during the last quarter. Institutional investors own 73.66% of the company’s stock.

Wall Street Analyst Weigh In

KVHI has been the subject of a number of analyst reports. 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 report on Saturday, June 13th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average rating of “Sell”.

KVH Industries Stock Up 2.1%

KVHI stock opened at $7.75 on Wednesday. The firm has a market cap of $140.59 million, a price-to-earnings ratio of -25.83 and a beta of 0.44. KVH Industries, Inc. has a 12-month low of $5.09 and a 12-month high of $13.00. The company’s fifty day simple moving average is $8.89 and its 200 day simple moving average is $8.53.

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

Insiders Place Their Bets

In other KVH Industries news, major shareholder Bradley Louis Radoff sold 35,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $11.20, for a total value of $392,000.00. Following the transaction, the insider directly owned 290,000 shares of the company’s stock, valued at approximately $3,248,000. The trade was a 10.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold 39,092 shares of company stock valued at $423,099 in the last ninety days. Insiders own 21.40% of the company’s stock.

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.