Insider Selling: KVH Industries, Inc. (NASDAQ:KVHI) CMO Sells 962 Shares of Stock

KVH Industries, Inc. (NASDAQ:KVHI) CMO Elizabeth Jackson sold 962 shares of the stock in a transaction on Tuesday, June 8th. The shares were sold at an average price of $13.73, for a total value of $13,208.26. Following the completion of the sale, the chief marketing officer now owns 38,737 shares of the company’s stock, valued at $531,859.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

KVHI traded down $0.29 during trading on Thursday, reaching $13.39. 72,042 shares of the stock traded hands, compared to its average volume of 98,796. The company has a quick ratio of 1.88, a current ratio of 2.45 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $251.21 million, a PE ratio of -12.17 and a beta of 0.80. The company has a 50-day simple moving average of $13.78. KVH Industries, Inc. has a 12 month low of $7.38 and a 12 month high of $15.29.

KVH Industries (NASDAQ:KVHI) last issued its quarterly earnings results on Wednesday, May 5th. The communications equipment provider reported ($0.09) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.15) by $0.06. The business had revenue of $42.29 million for the quarter, compared to analysts’ expectations of $41.30 million. KVH Industries had a negative net margin of 12.01% and a negative return on equity of 2.29%. Equities research analysts anticipate that KVH Industries, Inc. will post -0.53 EPS for the current fiscal year.

A number of analysts recently weighed in on KVHI shares. Zacks Investment Research downgraded KVH Industries from a “hold” rating to a “sell” rating in a report on Friday, May 14th. Raymond James increased their price objective on KVH Industries from $15.00 to $16.00 and gave the company an “outperform” rating in a report on Thursday, May 6th.

A number of institutional investors and hedge funds have recently modified their holdings of KVHI. Citigroup Inc. boosted its position in KVH Industries by 271.6% during the fourth quarter. Citigroup Inc. now owns 3,129 shares of the communications equipment provider’s stock valued at $36,000 after acquiring an additional 2,287 shares during the last quarter. UBS Group AG boosted its position in KVH Industries by 60.5% during the first quarter. UBS Group AG now owns 5,263 shares of the communications equipment provider’s stock valued at $66,000 after acquiring an additional 1,983 shares during the last quarter. BNP Paribas Arbitrage SA boosted its position in KVH Industries by 87.2% during the first quarter. BNP Paribas Arbitrage SA now owns 7,644 shares of the communications equipment provider’s stock valued at $97,000 after acquiring an additional 3,561 shares during the last quarter. PDT Partners LLC bought a new stake in KVH Industries during the first quarter valued at $180,000. Finally, Rhumbline Advisers boosted its position in shares of KVH Industries by 14.1% during the 4th quarter. Rhumbline Advisers now owns 27,934 shares of the communications equipment provider’s stock worth $317,000 after purchasing an additional 3,459 shares in the last quarter. 55.42% of the stock is currently owned by institutional investors and hedge funds.

KVH Industries Company Profile

KVH Industries, Inc designs, develops, manufactures, and markets mobile connectivity products and services for the marine and land mobile markets in the United States and internationally. The company operates through Mobile Connectivity and Inertial Navigation segments. The company offers mobile satellite TV and communications products; two-way satellite communications systems; onboard TracPhone terminals and hub equipment; data management software for maritime communications; and Iridium OpenPort hardware products and services.

Further Reading: Price-Sales Ratio

Insider Buying and Selling by Quarter for KVH Industries (NASDAQ:KVHI)

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