Stephen Deckoff Acquires 3,345 Shares of KVH Industries (NASDAQ:KVHI) Stock

KVH Industries, Inc. (NASDAQ:KVHI) Director Stephen Deckoff acquired 3,345 shares of the stock in a transaction on Monday, December 1st. The stock was bought at an average cost of $6.00 per share, with a total value of $20,070.00. Following the completion of the transaction, the director owned 3,414,978 shares in the company, valued at $20,489,868. This trade represents a 0.10% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

KVH Industries Stock Down 2.0%

NASDAQ:KVHI traded down $0.12 during midday trading on Tuesday, hitting $5.89. The stock had a trading volume of 36,716 shares, compared to its average volume of 36,239. The stock has a 50-day moving average of $5.74 and a 200 day moving average of $5.56. The company has a market capitalization of $115.28 million, a price-to-earnings ratio of -18.41 and a beta of 0.83. KVH Industries, Inc. has a one year low of $4.69 and a one year high of $6.41.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On KVH Industries

A number of large investors have recently added to or reduced their stakes in the company. Orion Porfolio Solutions LLC lifted its position in shares of 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 last quarter. Squarepoint Ops LLC raised its stake in shares of KVH Industries by 27.8% during the 3rd quarter. Squarepoint Ops LLC now owns 27,303 shares of the communications equipment provider’s stock worth $153,000 after acquiring an additional 5,935 shares in the last quarter. First Eagle Investment Management LLC raised its stake in shares of KVH Industries by 7.9% during the 3rd quarter. First Eagle Investment Management LLC now owns 211,826 shares of the communications equipment provider’s stock worth $1,186,000 after acquiring an additional 15,482 shares in the last quarter. NewEdge Advisors LLC purchased a new stake in KVH Industries during the third quarter valued at approximately $90,000. Finally, Systematic Financial Management LP boosted its stake in KVH Industries by 1.4% in the first quarter. Systematic Financial Management LP now owns 1,198,028 shares of the communications equipment provider’s stock valued at $6,338,000 after acquiring an additional 16,471 shares in the last quarter. 73.66% of the stock is currently owned by institutional investors.

KVH Industries Company Profile

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.