KVH Industries (NASDAQ:KVHI) Director Buys $20,070.00 in Stock

KVH Industries, Inc. (NASDAQ:KVHI) Director Stephen Deckoff bought 3,345 shares of KVH Industries stock in a transaction that occurred on Monday, December 1st. The shares were acquired at an average cost of $6.00 per share, for a total transaction of $20,070.00. Following the completion of the transaction, the director directly owned 3,414,978 shares in the company, valued at $20,489,868. This represents a 0.10% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

KVH Industries Price Performance

NASDAQ KVHI traded down $0.12 during trading on Tuesday, hitting $5.89. The company’s stock had a trading volume of 36,716 shares, compared to its average volume of 36,239. KVH Industries, Inc. has a fifty-two week low of $4.69 and a fifty-two week high of $6.41. The company has a market cap of $115.28 million, a PE ratio of -18.41 and a beta of 0.83. The business’s 50 day simple moving average is $5.74 and its 200-day simple moving average is $5.56.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of KVH Industries in a research note on Monday. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. First Eagle Investment Management LLC raised its stake in shares of KVH Industries by 77.1% in the second quarter. First Eagle Investment Management LLC now owns 196,344 shares of the communications equipment provider’s stock worth $1,047,000 after purchasing an additional 85,509 shares during the last quarter. Mink Brook Asset Management LLC acquired a new position in KVH Industries in the 1st quarter worth approximately $441,000. Peapod Lane Capital LLC raised its position in KVH Industries by 13.7% during the 3rd quarter. Peapod Lane Capital LLC now owns 411,676 shares of the communications equipment provider’s stock worth $2,305,000 after buying an additional 49,590 shares during the last quarter. Jacobs Levy Equity Management Inc. acquired a new stake in KVH Industries during the 3rd quarter valued at approximately $113,000. Finally, Jane Street Group LLC boosted its holdings in shares of KVH Industries by 134.0% in the 1st quarter. Jane Street Group LLC now owns 33,227 shares of the communications equipment provider’s stock valued at $176,000 after acquiring an additional 19,026 shares during the last quarter. 73.66% of the stock is owned by institutional investors and hedge funds.

About KVH Industries

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.