Insider Buying: KVH Industries (NASDAQ:KVHI) Director Purchases 60,201 Shares of Stock

KVH Industries, Inc. (NASDAQ:KVHI) Director Stephen Deckoff purchased 60,201 shares of the business’s stock in a transaction on Tuesday, December 9th. The stock was purchased at an average price of $6.02 per share, for a total transaction of $362,410.02. Following the acquisition, the director 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 position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

KVH Industries Price Performance

Shares of KVH Industries stock remained flat at $6.05 during mid-day trading on Tuesday. 162,648 shares of the company’s stock traded hands, compared to its average volume of 36,948. The stock has a market capitalization of $118.42 million, a P/E ratio of -9.76 and a beta of 0.73. The firm’s 50 day moving average is $5.76 and its 200-day moving average is $5.58. KVH Industries, Inc. has a 1 year low of $4.69 and a 1 year high of $6.41.

Institutional Trading of KVH Industries

A number of hedge funds and other institutional investors have recently modified their holdings of the company. First Eagle Investment Management LLC raised 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 acquiring an additional 85,509 shares in the last quarter. Mink Brook Asset Management LLC purchased a new stake in shares of KVH Industries in the first quarter worth approximately $441,000. Peapod Lane Capital LLC lifted its position in shares of KVH Industries by 7.7% during the second quarter. Peapod Lane Capital LLC now owns 362,086 shares of the communications equipment provider’s stock worth $1,930,000 after purchasing an additional 25,993 shares during the last quarter. Systematic Financial Management LP increased its position in shares of KVH Industries by 1.4% during the first quarter. Systematic Financial Management LP now owns 1,198,028 shares of the communications equipment provider’s stock worth $6,338,000 after acquiring an additional 16,471 shares during the period. Finally, Jacobs Levy Equity Management Inc. purchased a new stake in shares of KVH Industries in the 3rd quarter worth $113,000. 73.66% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of KVH Industries in a research note on Monday. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of “Sell”.

About KVH Industries

KVH Industries, Inc, together with its subsidiaries, engages in the design, development, manufacture, and marketing of mobile connectivity solutions for the marine and land mobile markets in the United States and internationally. The company offers Internet and VoIP airtime services; AgilePlans, a Connectivity as a Service solution; KVH Link, a crew wellbeing content subscription service with delivery by IP-Mobilecast; and OpenNet, a KVH VSAT data delivering service for non-KVH Ku-band VSAT terminals.