KVH Industries (NASDAQ:KVHI) SVP Sells $14,151.20 in Stock

KVH Industries, Inc. (NASDAQ:KVHI) SVP Felise Feingold sold 1,862 shares of the stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $7.60, for a total transaction of $14,151.20. Following the sale, the senior vice president directly owned 67,792 shares of the company’s stock, valued at approximately $515,219.20. This trade represents a 2.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

KVH Industries Price Performance

Shares of KVHI opened at $8.62 on Monday. KVH Industries, Inc. has a 1 year low of $5.09 and a 1 year high of $13.00. The company has a 50 day simple moving average of $9.66 and a two-hundred day simple moving average of $7.86. The firm has a market cap of $168.09 million, a P/E ratio of -33.15 and a beta of 0.43.

KVH Industries (NASDAQ:KVHI) last announced its quarterly earnings data on Wednesday, May 6th. The communications equipment provider reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.05. KVH Industries had a negative net margin of 4.31% and a negative return on equity of 0.80%. The business had revenue of $32.32 million during the quarter, compared to analyst estimates of $30.56 million.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of KVHI. Hillsdale Investment Management Inc. purchased a new position in shares of KVH Industries in the fourth quarter valued at $54,000. HRT Financial LP purchased a new position in shares of KVH Industries in the fourth quarter valued at $70,000. OMERS ADMINISTRATION Corp purchased a new position in shares of KVH Industries in the fourth quarter valued at $86,000. NewEdge Advisors LLC purchased a new position in shares of KVH Industries in the third quarter valued at $90,000. Finally, Virtu Financial LLC purchased a new position in shares of KVH Industries in the fourth quarter valued at $102,000. 73.66% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on KVHI. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of KVH Industries in a report on Friday, March 27th. Wall Street Zen lowered shares of KVH Industries from a “buy” rating to a “hold” rating in a report on Saturday. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has a consensus rating of “Sell”.

KVH Industries Company Profile

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.