In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), KVH Industries Inc (NYSE:KVHI) reported that Vintage Capital Management Llc has picked up 1,494,859 of common stock as of 2017-07-27.
The acquisition brings the aggregate amount owned by Vintage Capital Management Llc to a total of 1,494,859 representing a 8.8% in the company.
For those not familiar with the company, 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. It operates in two geographic segments, in the mobile communications, navigation and guidance and stabilization equipment industry. 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. It 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 commercial and defense markets.
A glance at KVH Industries Inc (NYSE:KVHI)’s key stats reveals a current market capitalization of 179.60M based on 17.02M shares outstanding and a price at last close of $10.55 per share.
Looking at insider activity, there are a few recent transactions worth noting.
Specifically, on 2016-08-19, Mccarthy picked up 3,834 at a purchase price of $$8.73 per share.This brings their total holding to 8,700 as of the date of the filing.
On the sell side, the most recent transaction saw Kits unload 17,298 shares at a sale price of $10.00. This brings their total holding to 617,519.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on KVH Industries Inc (NYSE:KVHI) as things move forward to see if its progress aligns with these transactions. Subscribe below and we’ll keep you on top of what’s happening before it moves markets.