Insider Buying: KVH Industries (NASDAQ:KVHI) Director Purchases $14,889.05 in Stock

KVH Industries, Inc. (NASDAQ:KVHI) Director Stephen Deckoff bought 2,461 shares of the stock in a transaction on Monday, December 8th. The stock was purchased at an average price of $6.05 per share, for a total transaction of $14,889.05. Following the purchase, the director directly owned 3,438,395 shares of the company’s stock, valued at approximately $20,802,289.75. This represents a 0.07% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

KVH Industries Price Performance

Shares of KVH Industries stock opened at $6.75 on Friday. The firm has a market cap of $132.10 million, a price-to-earnings ratio of -10.89 and a beta of 0.73. The stock has a 50-day simple moving average of $5.81 and a 200-day simple moving average of $5.60. KVH Industries, Inc. has a 52-week low of $4.69 and a 52-week high of $7.02.

Institutional Investors Weigh In On KVH Industries

Several institutional investors and hedge funds have recently added to or reduced their stakes in KVHI. Systematic Financial Management LP grew its holdings in KVH Industries by 1.4% during the first quarter. Systematic Financial Management LP now owns 1,198,028 shares of the communications equipment provider’s stock valued at $6,338,000 after purchasing an additional 16,471 shares during the last quarter. Peapod Lane Capital LLC grew its stake in KVH Industries by 13.7% in the 3rd quarter. Peapod Lane Capital LLC now owns 411,676 shares of the communications equipment provider’s stock valued at $2,305,000 after buying an additional 49,590 shares during the last quarter. First Eagle Investment Management LLC raised its holdings in KVH Industries by 7.9% in the 3rd quarter. First Eagle Investment Management LLC now owns 211,826 shares of the communications equipment provider’s stock worth $1,186,000 after acquiring an additional 15,482 shares during the period. Mink Brook Asset Management LLC lifted its position in KVH Industries by 11.6% during the 3rd quarter. Mink Brook Asset Management LLC now owns 171,569 shares of the communications equipment provider’s stock worth $961,000 after acquiring an additional 17,886 shares during the last quarter. Finally, Orion Porfolio Solutions LLC lifted its position in KVH Industries by 3.3% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 68,829 shares of the communications equipment provider’s stock worth $367,000 after acquiring an additional 2,222 shares during the last quarter. 73.66% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

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.