KVH Industries, Inc. (NASDAQ:KVHI) CEO Van Heyningen Martin Kits Sells 5,984 Shares

KVH Industries, Inc. (NASDAQ:KVHI) CEO Van Heyningen Martin Kits sold 5,984 shares of the stock in a transaction that occurred on Tuesday, June 8th. The stock was sold at an average price of $13.73, for a total value of $82,160.32. Following the sale, the chief executive officer now directly owns 905,223 shares of the company’s stock, valued at $12,428,711.79. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Van Heyningen Martin Kits also recently made the following trade(s):

  • On Tuesday, March 30th, Van Heyningen Martin Kits sold 4,100 shares of KVH Industries stock. The stock was sold at an average price of $12.38, for a total transaction of $50,758.00.

Shares of NASDAQ:KVHI opened at $13.39 on Friday. The business’s 50-day simple moving average is $13.80. The company has a quick ratio of 1.88, a current ratio of 2.45 and a debt-to-equity ratio of 0.01. KVH Industries, Inc. has a one year low of $7.38 and a one year high of $15.29. The company has a market cap of $251.21 million, a PE ratio of -12.17 and a beta of 0.80.

KVH Industries (NASDAQ:KVHI) last issued its earnings results on Wednesday, May 5th. The communications equipment provider reported ($0.09) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.15) by $0.06. The company 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%. As a group, research analysts expect that KVH Industries, Inc. will post -0.53 EPS for the current year.

Several equities research analysts have commented on the stock. Raymond James boosted their price target on shares of KVH Industries from $15.00 to $16.00 and gave the stock an “outperform” rating in a research report on Thursday, May 6th. Zacks Investment Research cut shares of KVH Industries from a “hold” rating to a “sell” rating in a research report on Friday, May 14th.

Several hedge funds have recently modified their holdings of KVHI. VIEX Capital Advisors LLC raised its holdings in shares of KVH Industries by 691.5% in the 4th quarter. VIEX Capital Advisors LLC now owns 676,316 shares of the communications equipment provider’s stock valued at $7,676,000 after purchasing an additional 590,871 shares during the period. B. Riley Financial Inc. bought a new stake in shares of KVH Industries in the 1st quarter valued at about $2,549,000. Brinker Capital Investments LLC bought a new stake in shares of KVH Industries in the 1st quarter valued at about $1,041,000. Bank of Montreal Can raised its holdings in shares of KVH Industries by 2,998.0% in the 1st quarter. Bank of Montreal Can now owns 79,959 shares of the communications equipment provider’s stock valued at $1,068,000 after purchasing an additional 77,378 shares during the period. Finally, BlackRock Inc. raised its holdings in shares of KVH Industries by 5.1% in the 1st quarter. BlackRock Inc. now owns 1,306,846 shares of the communications equipment provider’s stock valued at $16,571,000 after purchasing an additional 63,328 shares during the period. 55.42% of the stock is currently owned by institutional investors.

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.

See Also: What is the Current Ratio?

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

Receive News & Ratings for KVH Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KVH Industries and related companies with MarketBeat.com's FREE daily email newsletter.