KVH Industries, Inc. (NASDAQ:KVHI) CFO Donald W. Reilly sold 1,993 shares of the stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $9.95, for a total value of $19,830.35. Following the transaction, the chief financial officer now owns 20,007 shares in the company, valued at $199,069.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
KVH Industries, Inc. (KVHI) traded down $0.10 during midday trading on Friday, reaching $10.25. The company had a trading volume of 60,000 shares, compared to its average volume of 20,207. KVH Industries, Inc. has a 1 year low of $7.65 and a 1 year high of $12.65. The company has a current ratio of 2.30, a quick ratio of 1.80 and a debt-to-equity ratio of 0.43.
Several equities analysts recently weighed in on KVHI shares. Zacks Investment Research downgraded KVH Industries from a “buy” rating to a “hold” rating in a research report on Friday, October 27th. Needham & Company LLC reiterated a “buy” rating on shares of KVH Industries in a research report on Friday, November 3rd. Finally, ValuEngine downgraded KVH Industries from a “hold” rating to a “sell” rating in a research report on Tuesday, December 5th. One analyst has rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $10.33.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN increased its stake in KVH Industries by 73.1% during the third quarter. Wells Fargo & Company MN now owns 17,972 shares of the communications equipment provider’s stock worth $215,000 after acquiring an additional 7,588 shares during the last quarter. SPC Financial Inc. acquired a new stake in KVH Industries during the third quarter worth about $223,000. Millennium Management LLC acquired a new stake in KVH Industries during the fourth quarter worth about $196,000. Parametric Portfolio Associates LLC increased its stake in KVH Industries by 0.8% during the second quarter. Parametric Portfolio Associates LLC now owns 20,669 shares of the communications equipment provider’s stock worth $196,000 after acquiring an additional 165 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its stake in KVH Industries by 1.9% during the second quarter. PNC Financial Services Group Inc. now owns 22,000 shares of the communications equipment provider’s stock worth $210,000 after acquiring an additional 400 shares during the last quarter. Hedge funds and other institutional investors own 55.21% of the company’s stock.
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KVH Industries Company Profile
KVH Industries, Inc is a manufacturer of solutions that provide high-speed Internet, television and voice services through satellite to mobile users at sea and on land. The Company also provides commercially licensed entertainment, including news, sports, music and movies, to commercial and leisure customers in the maritime, hotel and retail markets.
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