KVH Industries (NASDAQ:KVHI) Director Stephen Deckoff Purchases 60,201 Shares

KVH Industries, Inc. (NASDAQ:KVHI) Director Stephen Deckoff acquired 60,201 shares of KVH Industries stock in a transaction dated Tuesday, December 9th. The stock was purchased at an average price of $6.02 per share, with a total value of $362,410.02. Following the completion of the purchase, the director owned 3,498,596 shares of the company’s stock, valued at approximately $21,061,547.92. The trade was a 1.75% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

KVH Industries Price Performance

KVH Industries stock remained flat at $6.05 during mid-day trading on Tuesday. The company’s stock had a trading volume of 162,648 shares, compared to its average volume of 36,948. KVH Industries, Inc. has a 1-year low of $4.69 and a 1-year high of $6.41. The firm’s 50-day moving average is $5.76 and its two-hundred day moving average is $5.58. The stock has a market cap of $118.42 million, a P/E ratio of -9.76 and a beta of 0.73.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of KVH Industries in a report on Monday. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has an average rating of “Sell”.

Institutional Trading of KVH Industries

A number of institutional investors have recently bought and sold shares of the business. NewEdge Advisors LLC acquired a new stake in shares of KVH Industries in the third quarter valued at approximately $90,000. Jacobs Levy Equity Management Inc. purchased a new position in shares of KVH Industries during the 3rd quarter worth approximately $113,000. Squarepoint Ops LLC raised its position in shares of KVH Industries by 27.8% in the third quarter. Squarepoint Ops LLC now owns 27,303 shares of the communications equipment provider’s stock valued at $153,000 after buying an additional 5,935 shares during the last quarter. Jane Street Group LLC boosted its position in shares of KVH Industries by 134.0% in the first quarter. Jane Street Group LLC now owns 33,227 shares of the communications equipment provider’s stock worth $176,000 after acquiring an additional 19,026 shares during the last quarter. Finally, Orion Porfolio Solutions LLC increased its position in KVH Industries by 3.3% during the 2nd 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 owned by hedge funds and other institutional investors.

About KVH Industries

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.