First Republic Investment Management Inc. bought a new position in shares of KVH Industries, Inc. (NASDAQ:KVHI) during the first quarter, Holdings Channel reports. The fund bought 13,323 shares of the communications equipment provider’s stock, valued at approximately $138,000.
Several other institutional investors and hedge funds have also recently bought and sold shares of KVHI. Canandaigua National Bank & Trust Co. acquired a new stake in shares of KVH Industries during the first quarter worth about $159,000. Millennium Management LLC acquired a new stake in shares of KVH Industries during the fourth quarter worth about $196,000. Wells Fargo & Company MN increased its position in shares of KVH Industries by 45.1% during the fourth quarter. Wells Fargo & Company MN now owns 26,084 shares of the communications equipment provider’s stock worth $270,000 after purchasing an additional 8,112 shares in the last quarter. Burney Co. acquired a new stake in shares of KVH Industries during the fourth quarter worth about $303,000. Finally, Deutsche Bank AG increased its position in shares of KVH Industries by 81.7% during the fourth quarter. Deutsche Bank AG now owns 38,445 shares of the communications equipment provider’s stock worth $396,000 after purchasing an additional 17,291 shares in the last quarter. Institutional investors and hedge funds own 54.68% of the company’s stock.
NASDAQ KVHI opened at $11.25 on Wednesday. The company has a quick ratio of 1.57, a current ratio of 2.04 and a debt-to-equity ratio of 0.39. KVH Industries, Inc. has a 52-week low of $9.05 and a 52-week high of $12.65.
In related news, CEO Van Heyningen Martin Kits sold 3,395 shares of the firm’s stock in a transaction dated Thursday, April 5th. The stock was sold at an average price of $10.35, for a total transaction of $35,138.25. Following the transaction, the chief executive officer now owns 630,741 shares of the company’s stock, valued at $6,528,169.35. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In the last three months, insiders have sold 13,636 shares of company stock worth $141,608. Corporate insiders own 9.20% of the company’s stock.
A number of analysts have recently commented on KVHI shares. Zacks Investment Research upgraded KVH Industries from a “sell” rating to a “hold” rating in a research report on Tuesday, May 8th. ValuEngine cut KVH Industries from a “hold” rating to a “sell” rating in a research report on Thursday, March 1st.
KVH Industries Company Profile
KVH Industries, Inc designs, develops, manufactures, and markets mobile connectivity products and services for the marine and land mobile markets in the United States and internationally. The company offers mobile satellite TV and communications products, including satellite TV antennas; two-way satellite communications systems; onboard V-IP terminals and hub equipment; network management hardware and software products for maritime communications; and Iridium OpenPort hardware products and services.
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