KVH Industries, Inc. (NASDAQ:KVHI) Sees Significant Decline in Short Interest

KVH Industries, Inc. (NASDAQ:KVHI) was the target of a large decrease in short interest in December. As of December 31st, there was short interest totaling 44,275 shares, a decrease of 26.0% from the December 15th total of 59,808 shares. Based on an average trading volume of 75,522 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.3% of the shares of the stock are short sold. Approximately 0.3% of the shares of the stock are short sold. Based on an average trading volume of 75,522 shares, the days-to-cover ratio is currently 0.6 days.

Analysts Set New Price Targets

KVHI has been the subject of several recent analyst reports. Wall Street Zen raised shares of KVH Industries to a “hold” rating in a report on Saturday, December 13th. Weiss Ratings reissued a “sell (e+)” rating on shares of KVH Industries in a research note on Monday, December 22nd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, KVH Industries presently has a consensus rating of “Sell”.

Insider Transactions at KVH Industries

In other KVH Industries news, major shareholder Bradley Louis Radoff acquired 40,000 shares of the company’s stock in a transaction on Friday, November 14th. The shares were bought at an average cost of $5.78 per share, with a total value of $231,200.00. Following the completion of the acquisition, the insider owned 2,150,000 shares in the company, valued at approximately $12,427,000. This trade represents a 1.90% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Stephen H. Deckoff acquired 60,201 shares of the business’s stock in a transaction dated 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 transaction, 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 have bought a total of 138,660 shares of company stock worth $825,071 over the last 90 days. Insiders own 21.10% of the company’s stock.

Institutional Trading of KVH Industries

Hedge funds have recently bought and sold shares of the business. First Eagle Investment Management LLC boosted its holdings in shares of KVH Industries by 77.1% during the 2nd 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 lifted its position in KVH Industries by 84.5% during the second quarter. Mink Brook Asset Management LLC now owns 153,683 shares of the communications equipment provider’s stock worth $819,000 after buying an additional 70,382 shares in the last quarter. Peapod Lane Capital LLC boosted its stake in KVH Industries by 13.7% during the third quarter. Peapod Lane Capital LLC now owns 411,676 shares of the communications equipment provider’s stock worth $2,305,000 after buying an additional 49,590 shares during the last quarter. Jacobs Levy Equity Management Inc. purchased a new stake in KVH Industries in the 3rd quarter valued at $113,000. Finally, Jane Street Group LLC grew its holdings in KVH Industries by 134.0% in the 1st quarter. Jane Street Group LLC now owns 33,227 shares of the communications equipment provider’s stock valued at $176,000 after buying an additional 19,026 shares in the last quarter. Institutional investors and hedge funds own 73.66% of the company’s stock.

KVH Industries Trading Up 4.0%

KVHI traded up $0.29 on Monday, hitting $7.59. 57,861 shares of the company’s stock were exchanged, compared to its average volume of 55,705. KVH Industries has a fifty-two week low of $4.69 and a fifty-two week high of $7.71. The stock has a market cap of $148.54 million, a price-to-earnings ratio of -12.24 and a beta of 0.69. The firm has a 50-day moving average price of $6.58 and a 200-day moving average price of $5.94.

KVH Industries Company Profile

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.