Harber Asset Management buys $3,872,864 stake in KVH Industries (KVHI)

KVH Industries (KVHI) : Harber Asset Management scooped up 64,800 additional shares in KVH Industries during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 450,333 shares of KVH Industries which is valued at $3,872,864.KVH Industries makes up approximately 1.95% of Harber Asset Management’s portfolio.

Other Hedge Funds, Including , Etrade Capital Management reduced its stake in KVHI by selling 3,490 shares or 4.52% in the most recent quarter. The Hedge Fund company now holds 73,735 shares of KVHI which is valued at $634,121. KVH Industries makes up approx 0.03% of Etrade Capital Management’s portfolio.Renaissance Technologies boosted its stake in KVHI in the latest quarter, The investment management firm added 23,400 additional shares and now holds a total of 207,300 shares of KVH Industries which is valued at $1,782,780.Acrospire Investment Management boosted its stake in KVHI in the latest quarter, The investment management firm added 9,439 additional shares and now holds a total of 10,547 shares of KVH Industries which is valued at $88,595. KVH Industries makes up approx 0.06% of Acrospire Investment Management’s portfolio.

KVH Industries opened for trading at $8.41 and hit $8.95 on the upside on Thursday, eventually ending the session at $8.88, with a gain of 3.26% or 0.28 points. The heightened volatility saw the trading volume jump to 1,20,231 shares. Company has a market cap of $147 M.

On the company’s financial health, KVH Industries reported $0.08 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $0.06. The company had revenue of $46.00 million for the quarter, compared to analysts expectations of $44.52 million. The company’s revenue was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.13 EPS.

Many Wall Street Analysts have commented on KVH Industries. KVH Industries was Downgraded by Chardan Capital Markets to ” Neutral” on May 31, 2016.

KVH Industries Inc. is a manufacturer of solutions that provide high-speed Internet television and voice services through satellite to mobile users at sea and on land. The Company also provides commercially licensed entertainment including news sports music and movies to commercial and leisure customers in the maritime hotel and retail markets. The Company develops and distributes training films and e-Learning computer-based training courses to commercial maritime customers. It is also a manufacturer of navigational sensors and integrated inertial systems for defense and commercial guidance and stabilization applications. The Company designs develops manufactures and markets mobile communications products and services for the marine and land mobile markets and navigation guidance and stabilization products for both the defense and commercial markets.

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