Insider Selling: KVH Industries (NASDAQ:KVHI) SVP Sells 1,862 Shares of Stock

KVH Industries, Inc. (NASDAQ:KVHI) SVP Felise Feingold sold 1,862 shares of the firm’s stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $7.60, for a total value of $14,151.20. Following the transaction, the senior vice president owned 67,792 shares in the company, 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 SEC, which is accessible through this hyperlink.

KVH Industries Price Performance

Shares of NASDAQ KVHI traded up $0.39 during mid-day trading on Friday, reaching $8.48. 34,873 shares of the company’s stock were exchanged, compared to its average volume of 137,110. The firm has a market capitalization of $165.38 million, a price-to-earnings ratio of -32.62 and a beta of 0.43. KVH Industries, Inc. has a 52 week low of $5.09 and a 52 week high of $13.00. The firm has a 50-day moving average price of $9.67 and a two-hundred day moving average price of $7.84.

KVH Industries (NASDAQ:KVHI) last released its earnings results on Wednesday, May 6th. The communications equipment provider reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.05. The company had revenue of $32.32 million for the quarter, compared to analysts’ expectations of $30.56 million. KVH Industries had a negative return on equity of 0.80% and a negative net margin of 4.31%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Hillsdale Investment Management Inc. purchased a new position in KVH Industries during the 4th quarter valued at about $54,000. HRT Financial LP purchased a new position in shares of KVH Industries during the fourth quarter worth about $70,000. OMERS ADMINISTRATION Corp purchased a new position in shares of KVH Industries during the fourth quarter worth about $86,000. NewEdge Advisors LLC purchased a new position in shares of KVH Industries during the third quarter worth about $90,000. Finally, Virtu Financial LLC purchased a new position in shares of KVH Industries during the fourth quarter worth about $102,000. Hedge funds and other institutional investors own 73.66% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Wall Street Zen upgraded KVH Industries from a “hold” rating to a “buy” rating in a research note on Monday, June 1st. Weiss Ratings restated a “sell (d-)” rating on shares of KVH Industries in a research note on Friday, March 27th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company 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.