KVH Industries (NASDAQ:KVHI) CEO Sells $16,948.00 in Stock

KVH Industries, Inc. (NASDAQ:KVHI) CEO Brent Bruun sold 2,230 shares of the company’s stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $7.60, for a total transaction of $16,948.00. Following the completion of the transaction, the chief executive officer owned 167,394 shares in the company, valued at approximately $1,272,194.40. This represents a 1.31% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

KVH Industries Stock Up 4.8%

Shares of KVHI traded up $0.39 during mid-day trading on Friday, hitting $8.48. 34,873 shares of the company’s stock were exchanged, compared to its average volume of 137,110. The firm has a fifty day moving average of $9.67 and a two-hundred day moving average of $7.84. KVH Industries, Inc. has a twelve month low of $5.09 and a twelve month high of $13.00. The stock has a market cap of $165.38 million, a price-to-earnings ratio of -32.84 and a beta of 0.43.

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

Hedge Funds Weigh In On KVH Industries

Several institutional investors have recently added to or reduced their stakes in KVHI. Hillsdale Investment Management Inc. bought a new position in KVH Industries during the 4th quarter valued at about $54,000. HRT Financial LP bought a new position in KVH Industries during the 4th quarter valued at about $70,000. OMERS ADMINISTRATION Corp bought a new position in KVH Industries during the 4th quarter valued at about $86,000. NewEdge Advisors LLC bought a new position in KVH Industries during the 3rd quarter valued at about $90,000. Finally, Virtu Financial LLC bought a new position in KVH Industries during the 4th quarter valued at about $102,000. 73.66% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently commented on KVHI. Wall Street Zen raised shares of KVH Industries from a “hold” rating to a “buy” rating in a report on Monday, June 1st. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of KVH Industries in a report on Friday, March 27th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, KVH Industries presently has a consensus rating of “Sell”.

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.