KVH Industries (NASDAQ:KVHI) Upgraded by Wall Street Zen to “Buy” Rating

Wall Street Zen upgraded shares of KVH Industries (NASDAQ:KVHI) from a hold rating to a buy rating in a research report released on Saturday morning.

Separately, Weiss Ratings reaffirmed 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, Based on data from MarketBeat, the company has an average rating of “Sell”.

KVH Industries Stock Down 4.8%

KVHI stock opened at $7.09 on Friday. The business has a 50 day moving average price of $6.64 and a 200 day moving average price of $6.24. The stock has a market cap of $138.11 million, a price-to-earnings ratio of -18.66 and a beta of 0.72. KVH Industries has a fifty-two week low of $4.69 and a fifty-two week high of $7.71.

Insider Activity at KVH Industries

In other KVH Industries news, major shareholder Bradley Louis Radoff purchased 30,000 shares of KVH Industries stock in a transaction that occurred on Thursday, February 12th. The stock was purchased at an average price of $6.26 per share, for a total transaction of $187,800.00. Following the transaction, the insider directly owned 2,180,000 shares in the company, valued at $13,646,800. This trade represents a 1.40% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. 21.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of KVHI. Hillsdale Investment Management Inc. acquired a new position in KVH Industries in the fourth quarter valued at $54,000. HRT Financial LP acquired a new stake in shares of KVH Industries during the fourth quarter worth about $70,000. OMERS ADMINISTRATION Corp purchased a new position in shares of KVH Industries during the fourth quarter worth about $86,000. NewEdge Advisors LLC purchased a new position in shares of KVH Industries during the third quarter worth about $90,000. Finally, Virtu Financial LLC acquired a new position in KVH Industries in the 4th quarter valued at about $102,000. 73.66% of the stock is owned by hedge funds and other institutional investors.

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.