Hsbc Holdings PLC Sells 5,541 Shares of KVH Industries, Inc. $KVHI

Hsbc Holdings PLC lowered its position in shares of KVH Industries, Inc. (NASDAQ:KVHI) by 13.2% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 36,289 shares of the communications equipment provider’s stock after selling 5,541 shares during the period. Hsbc Holdings PLC owned about 0.19% of KVH Industries worth $192,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Dimensional Fund Advisors LP boosted its position in KVH Industries by 2.2% during the 4th 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 period. Northern Trust Corp increased its stake in shares of KVH Industries by 24.8% in the fourth quarter. Northern Trust Corp now owns 79,584 shares of the communications equipment provider’s stock valued at $454,000 after buying an additional 15,796 shares during the period. Finally, Squarepoint Ops LLC acquired a new stake in shares of KVH Industries in the fourth quarter valued at about $154,000. Institutional investors own 73.66% of the company’s stock.

KVH Industries Trading Up 3.3%

Shares of KVHI stock opened at $5.93 on Friday. The stock has a market cap of $115.64 million, a price-to-earnings ratio of -18.53 and a beta of 0.81. The stock has a 50-day moving average of $5.41 and a 200-day moving average of $5.30. KVH Industries, Inc. has a 1-year low of $4.35 and a 1-year high of $6.16.

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.