Insider Buying: KVH Industries (NASDAQ:KVHI) Director Buys 7,956 Shares of Stock

KVH Industries, Inc. (NASDAQ:KVHI) Director Stephen Deckoff acquired 7,956 shares of the business’s stock in a transaction dated Friday, December 5th. The shares were acquired at an average cost of $5.99 per share, with a total value of $47,656.44. Following the transaction, the director owned 3,435,934 shares in the company, valued at approximately $20,581,244.66. This trade represents a 0.23% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

KVH Industries Price Performance

NASDAQ KVHI remained flat at $6.05 on Tuesday. 162,648 shares of the company’s stock were exchanged, compared to its average volume of 36,948. KVH Industries, Inc. has a 12 month low of $4.69 and a 12 month high of $6.41. The firm has a market cap of $118.42 million, a price-to-earnings ratio of -9.76 and a beta of 0.73. The firm’s 50 day moving average price is $5.76 and its 200-day moving average price is $5.58.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued 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 company currently has a consensus rating of “Sell”.

Hedge Funds Weigh In On KVH Industries

A number of hedge funds have recently bought and sold shares of KVHI. Systematic Financial Management LP lifted its stake in 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 purchasing an additional 16,471 shares in the last quarter. Mink Brook Asset Management LLC purchased a new position in KVH Industries during the 1st quarter worth approximately $441,000. Jane Street Group LLC increased its stake in KVH Industries by 134.0% in the first quarter. Jane Street Group LLC now owns 33,227 shares of the communications equipment provider’s stock valued at $176,000 after purchasing an additional 19,026 shares during the period. Peapod Lane Capital LLC grew its stake in shares of KVH Industries by 7.7% in the 2nd quarter. Peapod Lane Capital LLC now owns 362,086 shares of the communications equipment provider’s stock valued at $1,930,000 after purchasing an additional 25,993 shares during the last quarter. Finally, First Eagle Investment Management LLC increased its stake in KVH Industries by 77.1% in the 2nd quarter. First Eagle Investment Management LLC now owns 196,344 shares of the communications equipment provider’s stock valued at $1,047,000 after buying an additional 85,509 shares during the period. Hedge funds and other institutional investors own 73.66% of the company’s stock.

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.