Needham & Company LLC Reaffirms “Buy” Rating for KVH Industries, Inc. (KVHI)

Needham & Company LLC reissued their buy rating on shares of KVH Industries, Inc. (NASDAQ:KVHI) in a research report sent to investors on Friday.

Separately, Zacks Investment Research upgraded shares of KVH Industries from a hold rating to a buy rating and set a $13.00 target price for the company in a research report on Tuesday, October 24th.

Shares of KVH Industries (KVHI) opened at $11.05 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.30 and a quick ratio of 1.80. KVH Industries has a 12-month low of $7.50 and a 12-month high of $12.75.

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Hedge funds and other institutional investors have recently made changes to their positions in the stock. PNC Financial Services Group Inc. grew its position in KVH Industries by 1.9% during the second quarter. PNC Financial Services Group Inc. now owns 22,000 shares of the communications equipment provider’s stock valued at $210,000 after buying an additional 400 shares during the period. Bank of New York Mellon Corp grew its position in KVH Industries by 0.6% during the first quarter. Bank of New York Mellon Corp now owns 124,423 shares of the communications equipment provider’s stock valued at $1,046,000 after buying an additional 774 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of KVH Industries by 8.0% in the first quarter. Dimensional Fund Advisors LP now owns 1,143,838 shares of the communications equipment provider’s stock worth $9,608,000 after purchasing an additional 84,672 shares during the period. Systematic Financial Management LP boosted its position in shares of KVH Industries by 3.7% in the second quarter. Systematic Financial Management LP now owns 1,492,591 shares of the communications equipment provider’s stock worth $14,180,000 after purchasing an additional 53,354 shares during the period. Finally, Russell Investments Group Ltd. boosted its position in shares of KVH Industries by 26.6% in the first quarter. Russell Investments Group Ltd. now owns 13,311 shares of the communications equipment provider’s stock worth $112,000 after purchasing an additional 2,800 shares during the period. Institutional investors own 61.25% of the company’s stock.

About KVH Industries

KVH Industries, Inc is a manufacturer of solutions that provide high-speed Internet, television and voice services through satellite to mobile users at sea and on land. The Company also provides commercially licensed entertainment, including news, sports, music and movies, to commercial and leisure customers in the maritime, hotel and retail markets.

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