BlackRock Discloses 5.0% Stake in KVH Industries
Ticker: KVHI · Form: SC 13G · Filed: Jan 26, 2024 · CIK: 1007587
| Field | Detail |
|---|---|
| Company | Kvh Industries Inc \De\ (KVHI) |
| Form Type | SC 13G |
| Filed Date | Jan 26, 2024 |
| Risk Level | low |
| Sentiment | bullish |
Complexity: simple
Sentiment: bullish
Topics: institutional-ownership, insider-buy, passive-investment
TL;DR
**BlackRock just revealed a 5.0% stake in KVH Industries, a bullish sign!**
AI Summary
BlackRock Inc., a major investment firm, reported on January 26, 2024, that it holds 1,007,587 shares of KVH Industries Inc. common stock as of December 31, 2023. This represents a 5.0% ownership stake in KVH Industries. This matters to investors because BlackRock is a significant institutional investor, and their substantial holding indicates a vote of confidence in KVH Industries' future prospects, potentially signaling stability or growth potential for the stock.
Why It Matters
BlackRock's 5.0% ownership in KVH Industries signals institutional confidence, which can positively influence investor perception and stock stability.
Risk Assessment
Risk Level: low — This filing indicates a significant institutional investment, generally reducing perceived risk due to professional oversight.
Analyst Insight
A smart investor would view BlackRock's 5.0% stake as a positive signal, potentially indicating stability and long-term value, and might consider further research into KVH Industries Inc.'s fundamentals.
Key Numbers
- 1,007,587 — Shares Owned (Total shares of KVH Industries Inc. common stock beneficially owned by BlackRock Inc.)
- 5.0% — Ownership Percentage (Percentage of KVH Industries Inc. common stock owned by BlackRock Inc.)
Key Players & Entities
- BlackRock Inc. (company) — the reporting person and institutional investor
- KVH Industries Inc. (company) — the subject company whose shares are being reported
- 1,007,587 (dollar_amount) — total number of shares beneficially owned by BlackRock
- 5.0% (dollar_amount) — percentage of class owned by BlackRock
- December 31, 2023 (person) — the date of the event requiring the filing
- January 26, 2024 (person) — the filing date of the SC 13G
Forward-Looking Statements
- KVH Industries Inc. may see increased investor interest due to BlackRock's significant stake. (KVH Industries Inc.) — medium confidence, target: Q1 2024
FAQ
Who is the reporting person in this SC 13G filing?
The reporting person in this SC 13G filing is BlackRock Inc., as stated in the 'FILED BY' section and on the cover page.
What is the subject company whose shares are being reported?
The subject company is KVH INDUSTRIES INC \DE\, as indicated in the 'SUBJECT COMPANY' section and on the Schedule 13G form itself.
How many shares of KVH Industries Inc. common stock does BlackRock Inc. beneficially own?
BlackRock Inc. beneficially owns 1,007,587 shares of KVH Industries Inc. common stock, as detailed on the cover page of the filing.
What percentage of KVH Industries Inc.'s common stock does BlackRock Inc. own?
BlackRock Inc. owns 5.0% of KVH Industries Inc.'s common stock, as specified on the cover page of the filing.
What was the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023, as stated on the Schedule 13G form.
Filing Details
This Form SC 13G (Form SC 13G) was filed with the SEC on January 26, 2024 by December 31, 2023 regarding KVH INDUSTRIES INC \DE\ (KVHI).