KVH Industries (NASDAQ:KVHI) CEO Brent Bruun Sells 2,230 Shares

KVH Industries, Inc. (NASDAQ:KVHI) CEO Brent Bruun sold 2,230 shares of the company’s stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $7.60, for a total transaction of $16,948.00. Following the sale, the chief executive officer directly owned 167,394 shares of the company’s stock, valued at approximately $1,272,194.40. This trade represents a 1.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

KVH Industries Trading Up 4.8%

KVHI stock traded up $0.39 during trading on Friday, reaching $8.48. The stock had a trading volume of 34,873 shares, compared to its average volume of 137,110. KVH Industries, Inc. has a 1-year low of $5.09 and a 1-year high of $13.00. The company has a market capitalization of $165.38 million, a P/E ratio of -32.84 and a beta of 0.43. The firm has a fifty day moving average price of $9.67 and a 200 day moving average price of $7.84.

KVH Industries (NASDAQ:KVHI) last issued its earnings results on Wednesday, May 6th. The communications equipment provider reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.05. The business had revenue of $32.32 million for the quarter, compared to analyst estimates of $30.56 million. KVH Industries had a negative net margin of 4.31% and a negative return on equity of 0.80%.

Wall Street Analyst Weigh In

Several research firms have commented on KVHI. Weiss Ratings restated a “sell (d-)” rating on shares of KVH Industries in a research report on Friday, March 27th. Wall Street Zen upgraded shares of KVH Industries from a “hold” rating to a “buy” rating in a research report on Monday, June 1st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of “Sell”.

Institutional Trading of KVH Industries

Several institutional investors and hedge funds have recently added to or reduced their stakes in KVHI. Jane Street Group LLC lifted its position in shares of KVH Industries by 134.0% in the 1st quarter. Jane Street Group LLC now owns 33,227 shares of the communications equipment provider’s stock valued at $176,000 after acquiring an additional 19,026 shares in the last quarter. Mink Brook Asset Management LLC lifted its position in shares of KVH Industries by 84.5% in the 2nd quarter. Mink Brook Asset Management LLC now owns 153,683 shares of the communications equipment provider’s stock valued at $819,000 after acquiring an additional 70,382 shares in the last quarter. Orion Porfolio Solutions LLC lifted its position in shares of KVH Industries by 3.3% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 68,829 shares of the communications equipment provider’s stock valued at $367,000 after acquiring an additional 2,222 shares in the last quarter. Peapod Lane Capital LLC lifted its position in shares of KVH Industries by 13.7% in the 3rd quarter. Peapod Lane Capital LLC now owns 411,676 shares of the communications equipment provider’s stock valued at $2,305,000 after acquiring an additional 49,590 shares in the last quarter. Finally, First Eagle Investment Management LLC lifted its position in shares of KVH Industries by 7.9% in the 3rd quarter. First Eagle Investment Management LLC now owns 211,826 shares of the communications equipment provider’s stock valued at $1,186,000 after acquiring an additional 15,482 shares in the last quarter. 73.66% of the stock is owned by institutional investors and hedge funds.

KVH Industries Company Profile

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.