KVH Industries (NASDAQ:KVHI) Stock Rating Upgraded by Wall Street Zen

KVH Industries (NASDAQ:KVHI) was upgraded by equities researchers at Wall Street Zen to a “hold” rating in a research report issued to clients and investors on Saturday.

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of KVH Industries in a research note on Monday, December 8th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

KVH Industries Stock Performance

KVHI opened at $6.91 on Friday. The company has a fifty day moving average price of $5.84 and a two-hundred day moving average price of $5.61. The firm has a market capitalization of $135.23 million, a PE ratio of -11.14 and a beta of 0.73. KVH Industries has a 52 week low of $4.69 and a 52 week high of $7.02.

Insider Buying and Selling at KVH Industries

In other KVH Industries news, major shareholder Bradley Louis Radoff bought 40,000 shares of the firm’s stock in a transaction on Friday, November 14th. The stock was purchased at an average cost of $5.78 per share, with a total value of $231,200.00. Following the completion of the purchase, the insider owned 2,150,000 shares in the company, valued at approximately $12,427,000. The trade was a 1.90% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Stephen H. Deckoff purchased 60,201 shares of the stock in a transaction on Tuesday, December 9th. The stock was acquired at an average price of $6.02 per share, with a total value of $362,410.02. Following the completion of the acquisition, the director directly owned 3,498,596 shares of the company’s stock, valued at approximately $21,061,547.92. This represents a 1.75% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders bought a total of 138,660 shares of company stock valued at $825,071 in the last three months. 21.10% of the stock is owned by company insiders.

Hedge Funds Weigh In On KVH Industries

Several institutional investors have recently modified their holdings of the business. NewEdge Advisors LLC bought a new stake in KVH Industries during the 3rd quarter worth approximately $90,000. Jacobs Levy Equity Management Inc. bought a new stake in shares of KVH Industries during the third quarter worth $113,000. Squarepoint Ops LLC increased its position in shares of KVH Industries by 27.8% during the third 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. Jane Street Group LLC raised its holdings in shares of KVH Industries by 134.0% during the first quarter. Jane Street Group LLC now owns 33,227 shares of the communications equipment provider’s stock worth $176,000 after acquiring an additional 19,026 shares during the period. Finally, Orion Porfolio Solutions LLC raised its holdings 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 worth $367,000 after acquiring an additional 2,222 shares during the period. 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.