KVH INDS INC KVHI
COM · Common Stock · CUSIP 482738101
- SectorCommunication
- IndustryCommunications Services, NEC
- HeadquartersBristol, RI
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($451.4k this quarter). Holder counts are more reliable. Shares outstanding: 19.5m as of 2025-08-04, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $5.33. Options: 1 managers hold calls ($0 notional), 1 hold puts ($0).
Trends to Q2 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 51 |
| Q4 2022 | 59 |
| Q1 2023 | 67 |
| Q2 2023 | 74 |
| Q3 2023 | 71 |
| Q4 2023 | 70 |
| Q1 2024 | 68 |
| Q2 2024 | 76 |
| Q3 2024 | 52 |
| Q4 2024 | 52 |
| Q1 2025 | 52 |
| Q2 2025 | 49 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2023 | 38 | 30 |
| Q4 2023 | 36 | 33 |
| Q1 2024 | 33 | 35 |
| Q2 2024 | 46 | 41 |
| Q3 2024 | 18 | 49 |
| Q4 2024 | 25 | 25 |
| Q1 2025 | 21 | 28 |
| Q2 2025 | 17 | 24 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2024 | $29.5k | $115.9k | 3.93 |
| Q4 2024 | $87.8k | $0 | 0.00 |
| Q1 2025 | $10.6k | $2.1k | 0.20 |
| Q2 2025 | $0 | $0 | — |
Biggest buyers
| First Eagle Investment Management, LLC | Added | +85.5k |
| Mink Brook Asset Management LLC | Added | +70.4k |
| Peapod Lane Capital LLC | Added | +26.0k |
| DIMENSIONAL FUND ADVISORS LP | Added | +16.3k |
| VANGUARD GROUP INC | Added | +9.4k |
| BLACK DIAMOND CAPITAL MANAGEMENT, L.L.C. | Added | +8.3k |
| ROYAL BANK OF CANADA | Added | +3.9k |
| Orion Porfolio Solutions, LLC | Added | +2.2k |
| GOLDMAN SACHS GROUP INC | Added | +619 |
| Kovack Advisors, Inc. | Added | +500 |
Biggest sellers
| Palogic Value Management, L.P. | Reduced | -218.0k |
| NEEDHAM INVESTMENT MANAGEMENT LLC | Reduced | -187.3k |
| BlackRock, Inc. | Reduced | -21.9k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Sold out | -18.1k |
| GSA CAPITAL PARTNERS LLP | Reduced | -16.8k |
| CITADEL ADVISORS LLC | Reduced | -13.7k |
| SYSTEMATIC FINANCIAL MANAGEMENT LP | Reduced | -12.5k |
| MILLENNIUM MANAGEMENT LLC | Reduced | -8.4k |
| TWO SIGMA INVESTMENTS, LP | Reduced | -6.3k |
| JANE STREET GROUP, LLC | Reduced | -5.9k |
Biggest calls
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| BDCM CT, L.L.C. 13D · may seek influence filed 2025-08-26 | 17.6% |
| JEC II Associates, LLC 13G · passive investor -0.6 pts · filed 2026-08-11 | 6.6% |
| BlackRock, Inc. 13G · institution new · filed 2026-10-27 | 5.4% |
Fell to 5% or below in the last year: SYSTEMATIC FINANCIAL MANAGEMENT LP (4.5%, 2026-08-14)
Insider purchases and sales in Q2 2025
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q3 2023 | 0 | — | 0 | — | — |
| Q4 2023 | 0 | — | 0 | — | — |
| Q1 2024 | 0 | — | 4 | $33.4k | — |
| Q2 2024 | 0 | — | 3 | $39.6k | — |
| Q3 2024 | 1 | $224.4k | 2 | $18.7k | — |
| Q4 2024 | 1 | $130.0k | 1 | $3.6k | — |
| Q1 2025 | 0 | — | 2 | $55.3k | — |
| Q2 2025 | 0 | — | 2 | $35.1k | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-06-10 | BRUUN BRENT C CEO, director | Sold | $12.4k2.4k shares |
| 2025-06-10 | FEINGOLD FELISE SVP General Counsel | Sold | $8.4k1.6k shares |
| 2025-04-02 | BRUUN BRENT C CEO, director | Sold | $8.6k1.7k shares |
| 2025-04-02 | FEINGOLD FELISE SVP General Counsel | Sold | $5.8k1.1k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q2 2025
| Manager | Shares | Change |
|---|---|---|
| BLACK DIAMOND CAPITAL MANAGEMENT, L.L.C. 10.55% of their portfolio | 3.4m $18.1m | Added +8.3k |
| SYSTEMATIC FINANCIAL MANAGEMENT LP 0.17% of their portfolio | 1.2m $6.3m | Reduced -12.5k |
| DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio | 876.0k $4.7m | Added +16.3k |
| VANGUARD GROUP INC 0.00% of their portfolio | 867.1k $4.6m | Added +9.4k |
| NEEDHAM INVESTMENT MANAGEMENT LLC 0.31% of their portfolio | 739.2k $3.9m | Reduced -187.3k |
| BlackRock, Inc. 0.00% of their portfolio | 528.3k $2.8m | Reduced -21.9k |
| Peapod Lane Capital LLC 1.93% of their portfolio | 362.1k $1.9m | Added +26.0k |
| RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio | 224.0k $1.2m | Reduced -4.7k |
| First Eagle Investment Management, LLC 0.00% of their portfolio | 196.3k $1.0m | Added +85.5k |
| Mink Brook Asset Management LLC 0.71% of their portfolio | 153.7k $819.1k | Added +70.4k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 151.1k $805.4k | Reduced -1.7k |
| Manatuck Hill Partners, LLC 0.30% of their portfolio | 150.0k $799.5k | Unchanged |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 115.8k $617.0k | Reduced -8.4k |
| Palogic Value Management, L.P. 0.26% of their portfolio | 113.9k $606.9k | Reduced -218.0k |
| BOOTHBAY FUND MANAGEMENT, LLC 0.01% of their portfolio | 84.7k $451.5k | Unchanged |
| NORTHERN TRUST CORP 0.00% of their portfolio | 76.9k $410.0k | Reduced -201 |
| Orion Porfolio Solutions, LLC 0.00% of their portfolio | 68.8k $366.9k | Added +2.2k |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 63.9k $340.7k | Reduced -432 |
| BARCLAYS PLC 0.00% of their portfolio | 63.5k $338.4k | Unchanged |
| STATE STREET CORP 0.00% of their portfolio | 63.2k $337.0k | Added +300 |
| MORGAN STANLEY 0.00% of their portfolio | 57.0k $303.6k | Reduced -979 |
| GSA CAPITAL PARTNERS LLP 0.02% of their portfolio | 50.8k $270.0k | Reduced -16.8k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 39.8k $212.1k | Reduced -13.7k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 37.8k $202.0k | Unchanged |
| Moors & Cabot, Inc. 0.01% of their portfolio | 37.4k $199.2k | Unchanged |
| HSBC HOLDINGS PLC 0.00% of their portfolio | 36.3k $195.6k | Unchanged |
| Kovack Advisors, Inc. 0.02% of their portfolio | 33.9k $180.7k | Added +500 |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 30.8k $164.2k | Reduced -36 |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 27.9k $148.6k | Added +619 |
| Empowered Funds, LLC 0.00% of their portfolio | 27.7k $147.7k | Reduced -432 |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 27.4k $145.8k | Reduced -5.9k |
| Squarepoint Ops LLC 0.00% of their portfolio | 21.4k $113.9k | Reduced -4.6k |
| TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio | 19.8k $105.6k | Reduced -6.3k |
| Engineers Gate Manager LP 0.00% of their portfolio | 10.9k $58.4k | Reduced -921 |
| PNC Financial Services Group, Inc. 0.00% of their portfolio | 9.6k $51.2k | Unchanged |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 4.3k $22.0k | Added +3.9k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 1.4k $7.4k | Unchanged |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 696 $3.7k | Added +475 |
| Tower Research Capital LLC (TRC) 0.00% of their portfolio | 407 $2.2k | Added +323 |
| BROWN, LISLE/CUMMINGS, INC. 0.00% of their portfolio | 300 $1.6k | New |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 269 $1.4k | Added +23 |
| COMERICA BANK 0.00% of their portfolio | 163 $867 | Unchanged |
| UBS Group AG 0.00% of their portfolio | 130 $693 | Reduced -330 |
| IFP Advisors, Inc 0.00% of their portfolio | 85 $453 | Unchanged |
| JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio | 79 $416 | Unchanged |
| CWM, LLC 0.00% of their portfolio | 68 $0 | New |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 30 $160 | New |
| FMR LLC 0.00% of their portfolio | 22 $117 | Unchanged |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio | 0 $0 | Unchanged |