Insider Selling: KVH Industries (NASDAQ:KVHI) SVP Sells 1,594 Shares of Stock

KVH Industries, Inc. (NASDAQ:KVHI) SVP Felise Feingold sold 1,594 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 $10,584.16. Following the completion of the transaction, the senior vice president directly owned 69,654 shares in the company, valued at $462,502.56. This represents a 2.24% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

KVH Industries Stock Performance

KVH Industries stock traded up $0.68 during trading hours on Thursday, hitting $7.42. The company had a trading volume of 179,313 shares, compared to its average volume of 53,075. The firm has a market cap of $145.11 million, a P/E ratio of -19.51 and a beta of 0.72. KVH Industries, Inc. has a 1 year low of $4.69 and a 1 year high of $7.71. The company has a 50-day moving average price of $6.63 and a two-hundred day moving average price of $6.21.

Analyst Ratings Changes

A number of brokerages recently issued reports on KVHI. Weiss Ratings reiterated a “sell (e+)” rating on shares of KVH Industries in a report on Monday, December 22nd. Wall Street Zen upgraded KVH Industries to a “hold” rating in a report on Saturday, December 13th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, KVH Industries presently has a consensus rating of “Sell”.

Institutional Investors Weigh In On KVH Industries

Several large investors have recently modified their holdings of KVHI. Jane Street Group LLC lifted its position in shares of KVH Industries by 134.0% in the 1st 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. Mink Brook Asset Management LLC increased its holdings in KVH Industries by 84.5% during the second quarter. Mink Brook Asset Management LLC now owns 153,683 shares of the communications equipment provider’s stock valued at $819,000 after buying an additional 70,382 shares during the period. Orion Porfolio Solutions LLC increased its holdings 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 valued at $367,000 after buying an additional 2,222 shares during the period. Peapod Lane Capital LLC raised its stake in KVH Industries by 13.7% in the third quarter. Peapod Lane Capital LLC now owns 411,676 shares of the communications equipment provider’s stock worth $2,305,000 after buying an additional 49,590 shares in the last quarter. Finally, First Eagle Investment Management LLC raised its stake in KVH Industries by 7.9% in the third quarter. First Eagle Investment Management LLC now owns 211,826 shares of the communications equipment provider’s stock worth $1,186,000 after buying an additional 15,482 shares in the last quarter. Institutional investors own 73.66% of the company’s stock.

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.