KVH Industries (NASDAQ:KVHI) Director Stephen Deckoff Acquires 7,956 Shares

KVH Industries, Inc. (NASDAQ:KVHI) Director Stephen Deckoff bought 7,956 shares of the stock in a transaction on Friday, December 5th. The shares were bought at an average price of $5.99 per share, for a total transaction of $47,656.44. Following the acquisition, the director owned 3,435,934 shares in the company, valued at $20,581,244.66. The trade was a 0.23% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

KVH Industries Stock Performance

Shares of NASDAQ:KVHI remained flat at $6.05 during trading on Tuesday. 162,648 shares of the stock were exchanged, compared to its average volume of 36,948. The firm has a market cap of $118.42 million, a PE ratio of -9.76 and a beta of 0.73. The firm’s fifty day moving average is $5.76 and its two-hundred day moving average is $5.58. KVH Industries, Inc. has a twelve month low of $4.69 and a twelve month high of $6.41.

Hedge Funds Weigh In On KVH Industries

A number of large investors have recently bought and sold shares of the business. Systematic Financial Management LP lifted its holdings in shares of KVH Industries by 1.4% in the 1st 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 during the last quarter. Mink Brook Asset Management LLC acquired a new position in KVH Industries during the 1st quarter worth $441,000. Jane Street Group LLC grew its stake in shares of 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 worth $176,000 after purchasing an additional 19,026 shares in the last quarter. Peapod Lane Capital LLC grew its position in 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 buying an additional 25,993 shares in the last quarter. Finally, First Eagle Investment Management LLC increased its stake in shares of KVH Industries by 77.1% during the second quarter. First Eagle Investment Management LLC now owns 196,344 shares of the communications equipment provider’s stock valued at $1,047,000 after acquiring an additional 85,509 shares during the period. Institutional investors own 73.66% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of KVH Industries in a report on Monday. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has a consensus rating of “Sell”.

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.