Stephen Deckoff Acquires 2,461 Shares of KVH Industries (NASDAQ:KVHI) Stock

KVH Industries, Inc. (NASDAQ:KVHI) Director Stephen Deckoff bought 2,461 shares of the stock in a transaction on Monday, December 8th. The stock was purchased at an average cost of $6.05 per share, for a total transaction of $14,889.05. Following the acquisition, the director owned 3,438,395 shares of the company’s stock, valued at $20,802,289.75. This trade represents a 0.07% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

KVH Industries Stock Performance

KVHI remained flat at $6.05 during trading on Tuesday. 162,648 shares of the company’s stock traded hands, compared to its average volume of 36,948. The stock has a 50 day moving average price of $5.76 and a 200 day moving average price of $5.58. The stock has a market cap of $118.42 million, a price-to-earnings ratio of -9.76 and a beta of 0.73. KVH Industries, Inc. has a fifty-two week low of $4.69 and a fifty-two week high of $6.41.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued 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 data from MarketBeat, KVH Industries has an average rating of “Sell”.

Hedge Funds Weigh In On KVH Industries

A number of large investors have recently bought and sold shares of the business. First Eagle Investment Management LLC lifted its position in shares of KVH Industries by 77.1% during the second quarter. First Eagle Investment Management LLC now owns 196,344 shares of the communications equipment provider’s stock worth $1,047,000 after purchasing an additional 85,509 shares during the last quarter. Mink Brook Asset Management LLC bought a new position in shares of KVH Industries during the 1st quarter worth $441,000. Peapod Lane Capital LLC increased its position in KVH Industries by 7.7% during the 2nd quarter. Peapod Lane Capital LLC now owns 362,086 shares of the communications equipment provider’s stock valued at $1,930,000 after purchasing an additional 25,993 shares during the period. Systematic Financial Management LP lifted its holdings in KVH Industries by 1.4% during the first quarter. Systematic Financial Management LP now owns 1,198,028 shares of the communications equipment provider’s stock worth $6,338,000 after buying an additional 16,471 shares during the period. Finally, Orion Porfolio Solutions LLC increased its holdings in shares of KVH Industries by 3.3% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 68,829 shares of the communications equipment provider’s stock valued at $367,000 after acquiring an additional 2,222 shares during the period. Hedge funds and other institutional investors own 73.66% of the company’s stock.

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.