KVH Industries, Inc. (NASDAQ:KVHI)’s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $10.42 and traded as high as $11.30. KVH Industries shares last traded at $11.09, with a volume of 1,156 shares trading hands.
Several research firms have recently commented on KVHI. B. Riley restated a “buy” rating and set a $15.00 price target on shares of KVH Industries in a research note on Tuesday, January 21st. Needham & Company LLC reaffirmed a “buy” rating and set a $13.00 price target on shares of KVH Industries in a report on Monday, November 18th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $14.00.
The firm has a market cap of $201.05 million, a PE ratio of 5.60 and a beta of 0.93. The company’s fifty day moving average price is $10.96 and its two-hundred day moving average price is $10.42. The company has a quick ratio of 2.16, a current ratio of 2.77 and a debt-to-equity ratio of 0.02.
In related news, CMO Elizabeth Jackson sold 2,297 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $11.36, for a total value of $26,093.92. Following the completion of the sale, the chief marketing officer now owns 30,938 shares in the company, valued at $351,455.68. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Mark Woodhead sold 5,486 shares of KVH Industries stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $11.45, for a total value of $62,814.70. Following the completion of the sale, the executive vice president now directly owns 51,508 shares in the company, valued at approximately $589,766.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,103 shares of company stock worth $136,223. Company insiders own 11.30% of the company’s stock.
Hedge funds have recently modified their holdings of the company. First Republic Investment Management Inc. lifted its position in KVH Industries by 3.9% during the 4th quarter. First Republic Investment Management Inc. now owns 25,886 shares of the communications equipment provider’s stock worth $288,000 after buying an additional 963 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in KVH Industries by 4.8% during the 4th quarter. Bank of New York Mellon Corp now owns 57,199 shares of the communications equipment provider’s stock worth $637,000 after acquiring an additional 2,641 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in KVH Industries by 6.1% during the 4th quarter. Goldman Sachs Group Inc. now owns 49,114 shares of the communications equipment provider’s stock worth $547,000 after acquiring an additional 2,844 shares during the last quarter. UBS Group AG increased its position in KVH Industries by 55.6% in the 4th quarter. UBS Group AG now owns 20,601 shares of the communications equipment provider’s stock valued at $229,000 after acquiring an additional 7,364 shares in the last quarter. Finally, Alambic Investment Management L.P. increased its position in KVH Industries by 5.9% in the 4th quarter. Alambic Investment Management L.P. now owns 32,183 shares of the communications equipment provider’s stock valued at $358,000 after acquiring an additional 1,800 shares in the last quarter. 57.64% of the stock is owned by institutional investors and hedge funds.
KVH Industries Company Profile (NASDAQ:KVHI)
KVH Industries, Inc designs, develops, manufactures, and markets mobile connectivity products and services for the marine and land mobile markets in the United States and internationally. The company offers mobile satellite TV and communications products; two-way satellite communications systems; onboard V-IP terminals and hub equipment; network management hardware and software products for maritime communications; and Iridium OpenPort hardware products and services.
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