KVH Industries (NASDAQ:KVHI) SVP Sells $10,584.16 in Stock

KVH Industries, Inc. (NASDAQ:KVHI) SVP Felise Feingold sold 1,594 shares of the business’s stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $6.64, for a total value of $10,584.16. Following the sale, the senior vice president directly owned 69,654 shares of the company’s stock, valued at $462,502.56. This represents a 2.24% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

KVH Industries Trading Down 4.8%

KVH Industries stock opened at $7.09 on Friday. The firm has a 50 day moving average of $6.64 and a 200 day moving average of $6.24. The firm has a market capitalization of $138.11 million, a price-to-earnings ratio of -18.66 and a beta of 0.72. KVH Industries, Inc. has a 12-month low of $4.69 and a 12-month high of $7.71.

Institutional Trading of KVH Industries

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Jane Street Group LLC raised its stake in shares of KVH Industries by 134.0% in the first 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 period. Mink Brook Asset Management LLC boosted its holdings in shares of KVH Industries by 84.5% in the second quarter. Mink Brook Asset Management LLC now owns 153,683 shares of the communications equipment provider’s stock valued at $819,000 after purchasing an additional 70,382 shares during the period. Orion Porfolio Solutions LLC grew its position in shares of 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 buying an additional 2,222 shares in the last quarter. Peapod Lane Capital LLC grew its holdings 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 acquiring an additional 49,590 shares in the last quarter. Finally, First Eagle Investment Management LLC boosted its stake in shares of KVH Industries by 7.9% during the third quarter. First Eagle Investment Management LLC now owns 211,826 shares of the communications equipment provider’s stock valued at $1,186,000 after purchasing an additional 15,482 shares in the last quarter. Hedge funds and other institutional investors own 73.66% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on KVHI. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of KVH Industries in a report on Monday, December 22nd. Wall Street Zen raised shares of KVH Industries from a “hold” rating to a “buy” rating in a report on Saturday. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has an average rating of “Sell”.

KVH Industries Company Profile

KVH Industries, Inc develops and manufactures mobile connectivity, inertial navigation, and stabilization systems for maritime, land mobile and defense markets. Its Satellite Communications Group delivers a range of mobile VSAT and broadband systems under the TracPhone and TracNet brands, offering high-speed data, voice and TV programming for commercial and leisure vessels. The company pairs its hardware offerings with the OneCare global network and service platform, providing 24/7 support and coverage across major satellite constellations.

The Inertial Systems Group at KVH produces fiber-optic and hemispherical resonator gyros, inertial measurement units (IMUs) and related inertial navigation products for aerospace, unmanned platforms and precision stabilization applications.