Tema ETFs LLC Acquires 545,096 Shares of KVH Industries, Inc. $KVHI

Tema ETFs LLC increased its holdings in KVH Industries, Inc. (NASDAQ:KVHI) by 46,351.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 546,272 shares of the communications equipment provider’s stock after buying an additional 545,096 shares during the period. Tema ETFs LLC owned 2.80% of KVH Industries worth $5,414,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. Hillsdale Investment Management Inc. acquired a new stake in shares of KVH Industries during the 4th quarter worth $54,000. HRT Financial LP acquired a new stake in KVH Industries during the fourth quarter worth about $70,000. OMERS ADMINISTRATION Corp acquired a new stake in KVH Industries during the fourth quarter worth about $86,000. NewEdge Advisors LLC bought a new position in KVH Industries in the 3rd quarter valued at about $90,000. Finally, Virtu Financial LLC bought a new position in KVH Industries in the 4th quarter valued at about $102,000. 73.66% of the stock is currently owned by institutional investors.

Insider Buying and Selling at KVH Industries

In related news, major shareholder Bradley Louis Radoff sold 35,000 shares of the business’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $11.20, for a total transaction of $392,000.00. Following the sale, the insider owned 290,000 shares in the company, valued at $3,248,000. The trade was a 10.77% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Over the last 90 days, insiders sold 39,092 shares of company stock worth $423,099. Company insiders own 21.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on KVHI. Wall Street Zen downgraded shares of KVH Industries from a “buy” rating to a “hold” rating in a report on Saturday, June 13th. Weiss Ratings reissued a “sell (d-)” rating on shares of KVH Industries in a research note on Wednesday, June 24th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

KVH Industries Trading Up 2.1%

KVHI opened at $7.75 on Wednesday. The company has a market cap of $140.59 million, a P/E ratio of -25.83 and a beta of 0.44. The company’s 50 day moving average is $8.89 and its 200-day moving average is $8.53. KVH Industries, Inc. has a 1-year low of $5.09 and a 1-year high of $13.00.

KVH Industries (NASDAQ:KVHI) last issued its quarterly earnings data 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). The company had revenue of $33.72 million during the quarter, compared to the consensus estimate of $33.70 million. KVH Industries had a negative net margin of 4.68% and a negative return on equity of 0.76%.

About KVH Industries

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.