Insider Selling: KVH Industries (NASDAQ:KVHI) CEO Sells $13,605.36 in Stock

KVH Industries, Inc. (NASDAQ:KVHI) CEO Brent Bruun sold 2,049 shares of the firm’s stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $6.64, for a total transaction of $13,605.36. Following the completion of the transaction, the chief executive officer directly owned 169,624 shares in the company, valued at approximately $1,126,303.36. This represents a 1.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

KVH Industries Trading Down 4.8%

Shares of NASDAQ KVHI opened at $7.09 on Friday. KVH Industries, Inc. has a 12-month low of $4.69 and a 12-month high of $7.71. The stock has a market cap of $138.11 million, a PE ratio of -18.66 and a beta of 0.72. The company has a 50-day moving average of $6.64 and a 200 day moving average of $6.24.

Hedge Funds Weigh In On KVH Industries

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

Analysts Set New Price Targets

KVHI has been the subject of a number of analyst reports. Weiss Ratings restated a “sell (e+)” rating on shares of KVH Industries in a research report on Monday, December 22nd. Wall Street Zen upgraded KVH Industries from a “hold” rating to a “buy” rating in a research report on Saturday. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

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.