KVH Industries (NASDAQ:KVHI) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of KVH Industries (NASDAQ:KVHI) from a hold rating to a buy rating in a research note issued to investors on Saturday morning.

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of KVH Industries in a research note on Monday, December 22nd. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, KVH Industries presently has an average rating of “Sell”.

KVH Industries Stock Up 10.0%

KVH Industries stock opened at $7.80 on Friday. KVH Industries has a 12 month low of $4.69 and a 12 month high of $8.24. The stock has a market cap of $151.94 million, a P/E ratio of -20.53 and a beta of 0.72. The company’s fifty day simple moving average is $6.65 and its 200-day simple moving average is $6.26.

Insider Transactions at KVH Industries

In related news, major shareholder Bradley Louis Radoff purchased 30,000 shares of the stock in a transaction on Thursday, February 12th. The shares were bought at an average price of $6.26 per share, for a total transaction of $187,800.00. Following the completion of the acquisition, the insider directly owned 2,180,000 shares in the company, valued at approximately $13,646,800. This trade represents a 1.40% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 21.10% of the stock is owned by insiders.

Institutional Trading of KVH Industries

Large investors have recently modified their holdings of the company. Hillsdale Investment Management Inc. acquired a new position in KVH Industries in the 4th quarter valued at $54,000. HRT Financial LP bought a new position in KVH Industries in the 4th quarter worth $70,000. OMERS ADMINISTRATION Corp acquired a new position in KVH Industries during the 4th quarter worth $86,000. NewEdge Advisors LLC acquired a new position in KVH Industries during the 3rd quarter worth $90,000. Finally, Virtu Financial LLC bought a new stake in KVH Industries during the fourth quarter valued at about $102,000. 73.66% of the stock is owned by institutional investors.

About KVH Industries

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.