Felise Feingold Sells 1,862 Shares of KVH Industries (NASDAQ:KVHI) Stock

KVH Industries, Inc. (NASDAQ:KVHI) SVP Felise Feingold sold 1,862 shares of the firm’s stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $7.60, for a total transaction of $14,151.20. Following the completion of the transaction, the senior vice president directly owned 67,792 shares in the company, valued at approximately $515,219.20. This represents a 2.67% 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 Up 6.6%

NASDAQ:KVHI opened at $8.62 on Friday. The company’s 50-day moving average price is $9.66 and its 200-day moving average price is $7.85. The company has a market cap of $168.09 million, a P/E ratio of -33.15 and a beta of 0.43. KVH Industries, Inc. has a twelve month low of $5.09 and a twelve month high of $13.00.

KVH Industries (NASDAQ:KVHI) last posted its quarterly earnings results on Wednesday, May 6th. The communications equipment provider reported $0.03 earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.05. The firm had revenue of $32.32 million for the quarter, compared to the consensus estimate of $30.56 million. KVH Industries had a negative net margin of 4.31% and a negative return on equity of 0.80%.

Institutional Investors Weigh In On KVH Industries

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of America Corp DE increased its position in KVH Industries by 132.3% during the first quarter. Bank of America Corp DE now owns 57,412 shares of the communications equipment provider’s stock worth $514,000 after purchasing an additional 32,702 shares during the last quarter. Empowered Funds LLC increased its position in shares of KVH Industries by 9.3% during the first quarter. Empowered Funds LLC now owns 31,775 shares of the communications equipment provider’s stock valued at $285,000 after acquiring an additional 2,691 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of KVH Industries by 22.0% during the first quarter. Renaissance Technologies LLC now owns 345,515 shares of the communications equipment provider’s stock valued at $3,096,000 after acquiring an additional 62,407 shares during the last quarter. Sei Investments Co. increased its position in shares of KVH Industries by 78.4% during the first quarter. Sei Investments Co. now owns 23,964 shares of the communications equipment provider’s stock valued at $215,000 after acquiring an additional 10,528 shares during the last quarter. Finally, Hillsdale Investment Management Inc. increased its position in shares of KVH Industries by 332.5% during the first quarter. Hillsdale Investment Management Inc. now owns 33,746 shares of the communications equipment provider’s stock valued at $302,000 after acquiring an additional 25,944 shares during the last quarter. 73.66% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of KVH Industries in a research report on Friday, March 27th. Wall Street Zen cut shares of KVH Industries from a “buy” rating to a “hold” rating in a research report on Saturday. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, KVH Industries presently has an average 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.