Jane Street Group LLC Decreases Stake in KVH Industries, Inc. (NASDAQ:KVHI)

Jane Street Group LLC lessened its holdings in shares of KVH Industries, Inc. (NASDAQ:KVHI) by 22.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,201 shares of the communications equipment provider’s stock after selling 4,039 shares during the period. Jane Street Group LLC owned 0.07% of KVH Industries worth $81,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Black Diamond Capital Management L.L.C. grew its position in shares of KVH Industries by 0.8% in the fourth quarter. Black Diamond Capital Management L.L.C. now owns 3,384,054 shares of the communications equipment provider’s stock valued at $19,289,000 after purchasing an additional 26,656 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in KVH Industries by 2.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 840,622 shares of the communications equipment provider’s stock worth $4,791,000 after buying an additional 18,448 shares during the last quarter. Peapod Lane Capital LLC purchased a new stake in KVH Industries in the 4th quarter valued at $1,909,000. Renaissance Technologies LLC grew its holdings in KVH Industries by 23.8% in the 4th quarter. Renaissance Technologies LLC now owns 249,915 shares of the communications equipment provider’s stock valued at $1,425,000 after buying an additional 48,002 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of KVH Industries by 5.3% in the 4th quarter. Geode Capital Management LLC now owns 147,176 shares of the communications equipment provider’s stock worth $839,000 after acquiring an additional 7,466 shares during the last quarter. Institutional investors and hedge funds own 73.66% of the company’s stock.

KVH Industries Trading Up 1.2%

KVH Industries stock opened at $5.20 on Monday. The company has a 50-day moving average price of $5.09 and a 200 day moving average price of $5.47. KVH Industries, Inc. has a 12-month low of $4.17 and a 12-month high of $6.16. The stock has a market cap of $101.91 million, a P/E ratio of -5.36 and a beta of 0.80.

KVH Industries (NASDAQ:KVHI) last announced its quarterly earnings results on Wednesday, May 7th. The communications equipment provider reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.05). KVH Industries had a negative return on equity of 3.96% and a negative net margin of 15.99%. The firm had revenue of $25.41 million for the quarter, compared to analyst estimates of $28.39 million.

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.