KVH Industries (NASDAQ:KVHI) Cut to Hold at Wall Street Zen

Wall Street Zen lowered shares of KVH Industries (NASDAQ:KVHI) from a buy rating to a hold rating in a report published on Sunday morning.

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of KVH Industries in a research report on Monday, December 22nd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

KVH Industries Price Performance

NASDAQ:KVHI opened at $8.81 on Friday. KVH Industries has a 1-year low of $4.69 and a 1-year high of $9.41. The company has a 50-day moving average of $6.77 and a 200 day moving average of $6.37. The firm has a market cap of $171.62 million, a PE ratio of -23.18 and a beta of 0.72.

Insider Activity at KVH Industries

In related news, major shareholder Bradley Louis Radoff bought 30,000 shares of the stock in a transaction that occurred on Thursday, February 12th. The stock was bought at an average cost of $6.26 per share, for a total transaction of $187,800.00. Following the purchase, the insider directly owned 2,180,000 shares of the company’s stock, valued at approximately $13,646,800. This trade represents a 1.40% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 21.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Jacobs Levy Equity Management Inc. acquired a new stake in shares of KVH Industries during the third quarter worth $113,000. Virtu Financial LLC purchased a new stake in shares of KVH Industries during the fourth quarter valued at $102,000. NewEdge Advisors LLC acquired a new position in shares of KVH Industries in the 3rd quarter valued at $90,000. OMERS ADMINISTRATION Corp purchased a new position in KVH Industries in the 4th quarter worth $86,000. Finally, HRT Financial LP purchased a new position in KVH Industries in the 4th quarter worth $70,000. Institutional investors and hedge funds 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.