Key Points
- Director Stephen Deckoff bought 3,345 shares on Dec. 1 at an average price of $6.00 for $20,070, bringing his direct stake to 3,414,978 shares (about $20.49M), a 0.10% increase in ownership.
- KVH trades around $5.89 with a 52-week range of $4.69–$6.41 and a market cap of ~$115.3M (negative P/E); Weiss Ratings reissued a "sell (d-)" and the stock has an average analyst rating of "Sell" while institutional investors own ~73.66% of shares.
KVH Industries, Inc. (NASDAQ:KVHI - Get Free Report) Director Stephen Deckoff purchased 3,345 shares of the company's stock in a transaction dated Monday, December 1st. The shares were purchased at an average cost of $6.00 per share, for a total transaction of $20,070.00. Following the transaction, the director directly owned 3,414,978 shares in the company, valued at approximately $20,489,868. The trade was a 0.10% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website.
KVH Industries Stock Performance
Shares of KVHI opened at $5.89 on Wednesday. KVH Industries, Inc. has a fifty-two week low of $4.69 and a fifty-two week high of $6.41. The business has a 50-day moving average of $5.74 and a 200 day moving average of $5.56. The firm has a market cap of $115.28 million, a P/E ratio of -18.41 and a beta of 0.83.
Analyst Ratings Changes
Separately, Weiss Ratings reissued a "sell (d-)" rating on shares of KVH Industries in a report on Monday. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has an average rating of "Sell".
Check Out Our Latest Stock Analysis on KVH Industries
Institutional Trading of KVH Industries
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. First Eagle Investment Management LLC boosted its holdings in KVH Industries by 77.1% in the 2nd quarter. First Eagle Investment Management LLC now owns 196,344 shares of the communications equipment provider's stock valued at $1,047,000 after purchasing an additional 85,509 shares during the period. Mink Brook Asset Management LLC purchased a new stake in shares of KVH Industries in the first quarter worth $441,000. Peapod Lane Capital LLC boosted its stake in KVH Industries by 7.7% during the second quarter. Peapod Lane Capital LLC now owns 362,086 shares of the communications equipment provider's stock valued at $1,930,000 after buying an additional 25,993 shares during the period. Systematic Financial Management LP grew its position 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 worth $6,338,000 after buying an additional 16,471 shares in the last quarter. Finally, Orion Porfolio Solutions LLC grew its position in KVH Industries by 3.3% during the second 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. Institutional investors own 73.66% of the company's stock.
KVH Industries Company Profile
(
Get Free Report)
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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
