KVH Industries, Inc. (NASDAQ:KVHI) COO Brent C. Bruun sold 1,132 shares of the firm’s stock in a transaction that occurred on Thursday, March 15th. The stock was sold at an average price of $10.35, for a total transaction of $11,716.20. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.
Shares of KVH Industries, Inc. (NASDAQ KVHI) opened at $10.70 on Tuesday. The company has a current ratio of 2.26, a quick ratio of 1.73 and a debt-to-equity ratio of 0.42. KVH Industries, Inc. has a fifty-two week low of $7.65 and a fifty-two week high of $12.65.
KVH Industries (NASDAQ:KVHI) last issued its quarterly earnings data on Friday, March 2nd. The communications equipment provider reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.07). The business had revenue of $38.98 million for the quarter, compared to the consensus estimate of $40.11 million. KVH Industries had a negative net margin of 6.89% and a negative return on equity of 1.25%. analysts forecast that KVH Industries, Inc. will post -0.18 earnings per share for the current fiscal year.
KVHI has been the subject of several research reports. ValuEngine cut shares of KVH Industries from a “hold” rating to a “sell” rating in a report on Tuesday, December 5th. Zacks Investment Research upgraded shares of KVH Industries from a “hold” rating to a “strong-buy” rating and set a $12.00 price target for the company in a report on Wednesday, January 3rd. Two analysts have rated the stock with a sell rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $10.33.
A number of institutional investors and hedge funds have recently modified their holdings of KVHI. Millennium Management LLC bought a new position in KVH Industries during the fourth quarter valued at approximately $196,000. Parametric Portfolio Associates LLC raised its position 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 valued at $196,000 after acquiring an additional 165 shares in the last quarter. Wells Fargo & Company MN raised its position 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 valued at $215,000 after acquiring an additional 7,588 shares in the last quarter. Teachers Advisors LLC raised its position in KVH Industries by 14.0% during the second quarter. Teachers Advisors LLC now owns 26,203 shares of the communications equipment provider’s stock valued at $249,000 after acquiring an additional 3,227 shares in the last quarter. Finally, Burney Co. bought a new position in KVH Industries during the fourth quarter valued at approximately $303,000. 54.65% of the stock is currently owned by hedge funds and other institutional investors.
About KVH Industries
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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