First Eagle Investment Management LLC Acquires 85,509 Shares of KVH Industries, Inc. $KVHI

First Eagle Investment Management LLC grew its stake in KVH Industries, Inc. (NASDAQ:KVHI) by 77.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 196,344 shares of the communications equipment provider’s stock after purchasing an additional 85,509 shares during the quarter. First Eagle Investment Management LLC’s holdings in KVH Industries were worth $1,047,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Systematic Financial Management LP increased its holdings in KVH Industries by 1.4% in the first quarter. Systematic Financial Management LP now owns 1,198,028 shares of the communications equipment provider’s stock valued at $6,338,000 after purchasing an additional 16,471 shares during the last quarter. Mink Brook Asset Management LLC acquired a new position in shares of KVH Industries during the 1st quarter worth about $441,000. Jane Street Group LLC grew its position in shares of KVH Industries by 134.0% during 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, Peapod Lane Capital LLC increased its stake 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 valued at $1,930,000 after acquiring an additional 25,993 shares during the last quarter. 73.66% of the stock is owned by institutional investors and hedge funds.

KVH Industries Price Performance

Shares of KVH Industries stock opened at $5.51 on Monday. KVH Industries, Inc. has a 1 year low of $4.35 and a 1 year high of $6.41. The business has a 50-day moving average of $5.79 and a two-hundred day moving average of $5.47. The company has a market capitalization of $107.47 million, a P/E ratio of -17.22 and a beta of 0.83.

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 research analyst has rated the stock with a Sell rating, According to MarketBeat.com, KVH Industries presently has an average rating of “Sell”.

KVH Industries Company Profile

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.