Goldman Sachs Group Inc. Sells 3,763 Shares of KVH Industries, Inc. $KVHI

Goldman Sachs Group Inc. trimmed its position in shares of KVH Industries, Inc. (NASDAQ:KVHI) by 12.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 27,264 shares of the communications equipment provider’s stock after selling 3,763 shares during the quarter. Goldman Sachs Group Inc. owned approximately 0.14% of KVH Industries worth $144,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Jane Street Group LLC grew its stake in KVH Industries by 134.0% during the first 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 last quarter. Mink Brook Asset Management LLC bought a new stake in KVH Industries during the first quarter worth about $441,000. Systematic Financial Management LP grew its stake in KVH Industries by 1.4% during the first quarter. Systematic Financial Management LP now owns 1,198,028 shares of the communications equipment provider’s stock worth $6,338,000 after buying an additional 16,471 shares during the last quarter. Finally, Squarepoint Ops LLC bought a new stake in KVH Industries during the fourth quarter worth about $154,000. 73.66% of the stock is owned by institutional investors.

KVH Industries Trading Down 1.6%

Shares of KVH Industries stock opened at $5.65 on Tuesday. The stock has a market capitalization of $110.18 million, a price-to-earnings ratio of -17.66 and a beta of 0.81. KVH Industries, Inc. has a 1-year low of $4.35 and a 1-year high of $6.41. The firm’s 50-day moving average price is $5.61 and its two-hundred day moving average price is $5.34.

KVH Industries 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.