KVH Industries (NASDAQ:KVHI) SVP Felise Feingold Sells 1,862 Shares

KVH Industries, Inc. (NASDAQ:KVHIGet Free Report) SVP Felise Feingold sold 1,862 shares of the company’s stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $7.60, for a total transaction of $14,151.20. Following the sale, the senior vice president directly owned 67,792 shares in the company, valued at $515,219.20. This trade represents a 2.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

KVH Industries Price Performance

NASDAQ KVHI traded up $0.39 on Friday, hitting $8.48. 34,873 shares of the stock were exchanged, compared to its average volume of 137,110. The business’s fifty day moving average is $9.67 and its 200 day moving average is $7.84. KVH Industries, Inc. has a 52 week low of $5.09 and a 52 week high of $13.00. The company has a market capitalization of $165.38 million, a PE ratio of -32.62 and a beta of 0.43.

KVH Industries (NASDAQ:KVHIGet Free Report) last posted its quarterly earnings results on Wednesday, May 6th. The communications equipment provider reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.05. KVH Industries had a negative net margin of 4.31% and a negative return on equity of 0.80%. The firm had revenue of $32.32 million for the quarter, compared to analyst estimates of $30.56 million.

Institutional Trading of KVH Industries

Several hedge funds have recently bought and sold shares of the business. Potomac Capital Management Inc. acquired a new stake in KVH Industries in the 4th quarter valued at $3,252,000. Peapod Lane Capital LLC grew its position in KVH Industries by 0.7% in the 4th quarter. Peapod Lane Capital LLC now owns 414,734 shares of the communications equipment provider’s stock valued at $2,891,000 after purchasing an additional 3,058 shares during the period. Renaissance Technologies LLC grew its position in KVH Industries by 22.0% in the 1st quarter. Renaissance Technologies LLC now owns 345,515 shares of the communications equipment provider’s stock valued at $3,096,000 after purchasing an additional 62,407 shares during the period. First Eagle Investment Management LLC grew its position in KVH Industries by 7.9% in the 3rd quarter. First Eagle Investment Management LLC now owns 211,826 shares of the communications equipment provider’s stock valued at $1,186,000 after purchasing an additional 15,482 shares during the period. Finally, Mink Brook Asset Management LLC grew its position in KVH Industries by 11.6% in the 3rd quarter. Mink Brook Asset Management LLC now owns 171,569 shares of the communications equipment provider’s stock valued at $961,000 after purchasing an additional 17,886 shares during the period. Institutional investors and hedge funds own 73.66% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on KVHI shares. Weiss Ratings restated a “sell (d-)” rating on shares of KVH Industries in a research note on Friday, March 27th. Wall Street Zen raised shares of KVH Industries from a “hold” rating to a “buy” rating in a report on Monday, June 1st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, KVH Industries has a consensus rating of “Sell”.

Read Our Latest Stock Analysis on KVH Industries

About KVH Industries

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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.

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