Felise Feingold Sells 1,594 Shares of KVH Industries (NASDAQ:KVHI) Stock

KVH Industries, Inc. (NASDAQ:KVHI) SVP Felise Feingold sold 1,594 shares of the stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $6.64, for a total value of $10,584.16. Following the completion of the transaction, the senior vice president directly owned 69,654 shares in the company, valued at approximately $462,502.56. This represents a 2.24% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

KVH Industries Trading Down 4.8%

KVHI opened at $7.09 on Friday. The firm’s 50 day simple moving average is $6.64 and its two-hundred day simple moving average is $6.23. The company has a market capitalization of $138.11 million, a PE ratio of -18.66 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.

Institutional Trading of KVH Industries

Institutional investors and hedge funds have recently modified their holdings of the company. Orion Porfolio Solutions LLC lifted its stake in shares of KVH Industries by 3.3% during the 2nd 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 in the last quarter. State Street Corp increased its stake in KVH Industries by 4.4% in the 4th quarter. State Street Corp now owns 66,018 shares of the communications equipment provider’s stock worth $460,000 after buying an additional 2,800 shares in the last quarter. Peapod Lane Capital LLC raised its holdings in KVH Industries by 0.7% during the fourth quarter. Peapod Lane Capital LLC now owns 414,734 shares of the communications equipment provider’s stock valued at $2,891,000 after acquiring an additional 3,058 shares during the period. Goldman Sachs Group Inc. raised its holdings in KVH Industries by 20.6% during the fourth quarter. Goldman Sachs Group Inc. now owns 31,445 shares of the communications equipment provider’s stock valued at $219,000 after acquiring an additional 5,378 shares during the period. Finally, Squarepoint Ops LLC lifted its position in shares of KVH Industries by 27.8% in the third quarter. Squarepoint Ops LLC now owns 27,303 shares of the communications equipment provider’s stock valued at $153,000 after acquiring an additional 5,935 shares in the last quarter. 73.66% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on KVHI. Wall Street Zen upgraded KVH Industries from a “hold” rating to a “buy” rating in a research report on Saturday. Weiss Ratings restated 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, According to 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.