Thomson Horstmann & Bryant Inc. Buys 32,852 Shares of KVH Industries, Inc. (KVHI)

Thomson Horstmann & Bryant Inc. raised its stake in KVH Industries, Inc. (NASDAQ:KVHI) by 18.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 211,606 shares of the communications equipment provider’s stock after acquiring an additional 32,852 shares during the period. Thomson Horstmann & Bryant Inc. owned approximately 1.24% of KVH Industries worth $2,190,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Signia Capital Management LLC grew its stake in shares of KVH Industries by 2.6% in the third quarter. Signia Capital Management LLC now owns 187,128 shares of the communications equipment provider’s stock worth $2,237,000 after acquiring an additional 4,687 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of KVH Industries by 2.9% in the third quarter. Dimensional Fund Advisors LP now owns 1,237,751 shares of the communications equipment provider’s stock worth $14,791,000 after acquiring an additional 34,714 shares during the last quarter. Wells Fargo & Company MN grew its stake in shares of KVH Industries by 73.1% in the third quarter. Wells Fargo & Company MN now owns 17,972 shares of the communications equipment provider’s stock worth $215,000 after acquiring an additional 7,588 shares during the last quarter. Chicago Equity Partners LLC grew its stake in shares of KVH Industries by 50.0% in the third quarter. Chicago Equity Partners LLC now owns 62,379 shares of the communications equipment provider’s stock worth $745,000 after acquiring an additional 20,790 shares during the last quarter. Finally, SPC Financial Inc. bought a new position in shares of KVH Industries during the third quarter valued at $223,000. 56.46% of the stock is currently owned by hedge funds and other institutional investors.

KVHI has been the topic of a number of research analyst reports. Zacks Investment Research downgraded KVH Industries from a “buy” rating to a “hold” rating in a report on Friday, October 27th. Needham & Company LLC reaffirmed a “buy” rating on shares of KVH Industries in a report on Friday, November 3rd. Finally, ValuEngine downgraded KVH Industries from a “hold” rating to a “sell” rating in a report on Tuesday, December 5th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company’s stock. KVH Industries presently has an average rating of “Hold” and an average price target of $10.33.

KVH Industries, Inc. (KVHI) opened at $11.20 on Friday. The stock has a market capitalization of $188.21, a price-to-earnings ratio of -11.20 and a beta of 0.76. The company has a current ratio of 2.30, a quick ratio of 1.80 and a debt-to-equity ratio of 0.43. KVH Industries, Inc. has a 1-year low of $7.65 and a 1-year high of $12.65.

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KVH Industries Profile

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.

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

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