KVH Industries (NASDAQ:KVHI) Stock Rating Lowered by Wall Street Zen

KVH Industries (NASDAQ:KVHI) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Sunday.

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of KVH Industries in a research report on Monday, December 22nd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has a consensus rating of “Sell”.

KVH Industries Stock Up 14.7%

NASDAQ:KVHI opened at $9.19 on Friday. The firm has a market capitalization of $179.02 million, a PE ratio of -24.18 and a beta of 0.72. KVH Industries has a 12-month low of $4.69 and a 12-month high of $9.41. The firm has a 50-day moving average price of $6.74 and a 200 day moving average price of $6.34.

Insider Transactions at KVH Industries

In other news, major shareholder Bradley Louis Radoff purchased 30,000 shares of KVH Industries stock in a transaction on Thursday, February 12th. The shares were purchased at an average cost of $6.26 per share, for a total transaction of $187,800.00. Following the completion of the transaction, the insider directly owned 2,180,000 shares in the company, valued at approximately $13,646,800. This represents a 1.40% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 21.10% of the stock is owned by corporate insiders.

Institutional Trading of KVH Industries

Several hedge funds have recently modified their holdings of the company. Virtu Financial LLC bought a new position in shares of KVH Industries in the fourth quarter valued at approximately $102,000. NewEdge Advisors LLC grew its position in KVH Industries by 96.1% during the 4th quarter. NewEdge Advisors LLC now owns 31,566 shares of the communications equipment provider’s stock worth $220,000 after acquiring an additional 15,469 shares during the last quarter. Bridgeway Capital Management LLC grew its position in KVH Industries by 126.9% during the 4th quarter. Bridgeway Capital Management LLC now owns 145,284 shares of the communications equipment provider’s stock worth $1,013,000 after acquiring an additional 81,252 shares during the last quarter. OMERS ADMINISTRATION Corp acquired a new stake in KVH Industries during the 4th quarter valued at $86,000. Finally, Marshall Wace LLP acquired a new stake in KVH Industries during the 4th quarter valued at $239,000. Institutional investors and hedge funds own 73.66% of the company’s stock.

About KVH Industries

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.