Palogic Value Management L.P. Sells 217,993 Shares of KVH Industries, Inc. $KVHI

Palogic Value Management L.P. lessened its position in KVH Industries, Inc. (NASDAQ:KVHI) by 65.7% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 113,869 shares of the communications equipment provider’s stock after selling 217,993 shares during the quarter. Palogic Value Management L.P. owned approximately 0.58% of KVH Industries worth $607,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Mink Brook Asset Management LLC bought a new position in KVH Industries in the first quarter worth $441,000. Peapod Lane Capital LLC grew its position in shares of KVH Industries by 7.7% in the 2nd quarter. Peapod Lane Capital LLC now owns 362,086 shares of the communications equipment provider’s stock worth $1,930,000 after buying an additional 25,993 shares during the period. Jane Street Group LLC grew its position in shares of KVH Industries by 134.0% in the 1st quarter. Jane Street Group LLC now owns 33,227 shares of the communications equipment provider’s stock worth $176,000 after buying an additional 19,026 shares during the period. Finally, Systematic Financial Management LP increased its stake in shares of KVH Industries by 1.4% in the 1st quarter. Systematic Financial Management LP now owns 1,198,028 shares of the communications equipment provider’s stock worth $6,338,000 after acquiring an additional 16,471 shares in the last quarter. 73.66% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of KVH Industries in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.

KVH Industries Trading Up 1.4%

NASDAQ KVHI opened at $5.97 on Friday. KVH Industries, Inc. has a 12 month low of $4.35 and a 12 month high of $6.41. The stock’s fifty day moving average price is $5.78 and its 200-day moving average price is $5.44. The stock has a market cap of $116.44 million, a P/E ratio of -18.66 and a beta of 0.82.

About KVH Industries

KVH Industries, Inc, together with its subsidiaries, engages in the design, development, manufacture, and marketing of mobile connectivity solutions for the marine and land mobile markets in the United States and internationally. The company offers Internet and VoIP airtime services; AgilePlans, a Connectivity as a Service solution; KVH Link, a crew wellbeing content subscription service with delivery by IP-Mobilecast; and OpenNet, a KVH VSAT data delivering service for non-KVH Ku-band VSAT terminals.