114,934 Shares in KVH Industries, Inc. $KVHI Bought by Cannell Capital LLC

Cannell Capital LLC bought a new stake in KVH Industries, Inc. (NASDAQ:KVHI) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 114,934 shares of the communications equipment provider’s stock, valued at approximately $1,138,996. KVH Industries accounts for about 0.0% of Cannell Capital LLC’s portfolio, making the stock its 26th largest position. Cannell Capital LLC owned about 0.63% of KVH Industries as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently modified their holdings of the company. Hillsdale Investment Management Inc. bought a new position in shares of KVH Industries during the 4th quarter valued at about $54,000. HRT Financial LP bought a new stake in KVH Industries during the 4th quarter worth approximately $70,000. OMERS ADMINISTRATION Corp acquired a new stake in KVH Industries during the 4th quarter worth approximately $86,000. NewEdge Advisors LLC acquired a new stake in KVH Industries during the 3rd quarter worth approximately $90,000. Finally, Virtu Financial LLC bought a new position in KVH Industries in the fourth quarter valued at approximately $102,000. Institutional investors and hedge funds own 73.66% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on KVHI shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of KVH Industries in a report on Wednesday, June 24th. Wall Street Zen lowered shares of 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, According to MarketBeat, the company currently has an average rating of “Sell”.

KVH Industries Stock Performance

NASDAQ:KVHI opened at $7.52 on Friday. The stock has a 50-day simple moving average of $8.71 and a 200 day simple moving average of $8.62. KVH Industries, Inc. has a 52-week low of $5.09 and a 52-week high of $13.00. The company has a market cap of $136.42 million, a PE ratio of -25.07 and a beta of 0.44.

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

KVH Industries Profile

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.