KVH Industries, Inc. (KVHI) Position Trimmed by Signia Capital Management LLC

Signia Capital Management LLC decreased its holdings in shares of KVH Industries, Inc. (NASDAQ:KVHI) by 49.5% in the 4th quarter, Holdings Channel reports. The firm owned 94,417 shares of the communications equipment provider’s stock after selling 92,711 shares during the quarter. KVH Industries comprises approximately 1.0% of Signia Capital Management LLC’s investment portfolio, making the stock its 27th largest holding. Signia Capital Management LLC’s holdings in KVH Industries were worth $977,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of KVHI. Dimensional Fund Advisors LP lifted its stake in KVH Industries by 5.2% during the second quarter. Dimensional Fund Advisors LP now owns 1,203,037 shares of the communications equipment provider’s stock worth $11,429,000 after purchasing an additional 59,199 shares during the last quarter. Thomson Horstmann & Bryant Inc. lifted its stake in KVH Industries by 18.4% during the fourth quarter. Thomson Horstmann & Bryant Inc. now owns 211,606 shares of the communications equipment provider’s stock worth $2,190,000 after purchasing an additional 32,852 shares during the last quarter. Vanguard Group Inc. lifted its stake in KVH Industries by 5.0% during the second quarter. Vanguard Group Inc. now owns 670,397 shares of the communications equipment provider’s stock worth $6,369,000 after purchasing an additional 32,022 shares during the last quarter. Cornerstone Capital Management Holdings LLC. lifted its stake in KVH Industries by 200.8% during the second quarter. Cornerstone Capital Management Holdings LLC. now owns 38,800 shares of the communications equipment provider’s stock worth $368,000 after purchasing an additional 25,900 shares during the last quarter. Finally, Chicago Equity Partners LLC lifted its stake in KVH Industries by 50.0% during the third quarter. Chicago Equity Partners LLC now owns 62,379 shares of the communications equipment provider’s stock worth $745,000 after purchasing an additional 20,790 shares during the last quarter. Hedge funds and other institutional investors own 56.27% of the company’s stock.

Shares of KVH Industries, Inc. (NASDAQ:KVHI) opened at $10.60 on Thursday. The firm has a market capitalization of $183.08, a P/E ratio of -10.60 and a beta of 0.78. KVH Industries, Inc. has a 52 week low of $7.65 and a 52 week high of $12.65. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.80 and a current ratio of 2.30.

Several equities research analysts recently weighed in on KVHI shares. Zacks Investment Research upgraded KVH Industries from a “hold” rating to a “buy” rating and set a $14.00 target price for the company in a research note on Wednesday, October 18th. Needham & Company LLC restated a “buy” rating on shares of KVH Industries in a research note on Friday, November 3rd. Finally, ValuEngine cut KVH Industries from a “hold” rating to a “sell” rating in a research note on Sunday, December 31st. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $10.33.

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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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Institutional Ownership by Quarter for KVH Industries (NASDAQ:KVHI)

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