KVH Industries, Inc. (NASDAQ:KVHI - Get Free Report) Director Stephen Deckoff bought 2,461 shares of the stock in a transaction dated Monday, December 8th. The stock was purchased at an average price of $6.05 per share, with a total value of $14,889.05. Following the acquisition, the director owned 3,438,395 shares of the company's stock, valued at $20,802,289.75. The trade was a 0.07% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink.
KVH Industries Stock Performance
KVH Industries stock opened at $6.05 on Wednesday. KVH Industries, Inc. has a fifty-two week low of $4.69 and a fifty-two week high of $6.41. The firm's 50-day simple moving average is $5.76 and its 200 day simple moving average is $5.58. The stock has a market cap of $118.40 million, a PE ratio of -9.76 and a beta of 0.73.
Analyst Ratings Changes
Separately, Weiss Ratings restated a "sell (d-)" rating on shares of KVH Industries in a research note on Monday. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has a consensus rating of "Sell".
Read Our Latest Analysis on KVH Industries
Institutional Trading of KVH Industries
Hedge funds have recently made changes to their positions in the company. NewEdge Advisors LLC purchased a new position in shares of KVH Industries during the 3rd quarter valued at $90,000. Jacobs Levy Equity Management Inc. bought a new stake in KVH Industries in the 3rd quarter valued at about $113,000. Squarepoint Ops LLC lifted its holdings in KVH Industries by 27.8% during the third quarter. Squarepoint Ops LLC now owns 27,303 shares of the communications equipment provider's stock valued at $153,000 after purchasing an additional 5,935 shares during the last quarter. Jane Street Group LLC boosted its position in KVH Industries by 134.0% during the first quarter. Jane Street Group LLC now owns 33,227 shares of the communications equipment provider's stock worth $176,000 after purchasing an additional 19,026 shares during the period. Finally, Orion Porfolio Solutions LLC increased its stake in shares of KVH Industries by 3.3% in the second quarter. Orion Porfolio Solutions LLC now owns 68,829 shares of the communications equipment provider's stock worth $367,000 after purchasing an additional 2,222 shares in the last quarter. 73.66% of the stock is currently owned by institutional investors.
About KVH Industries
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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.
Further Reading
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