KVH Industries, Inc. (NASDAQ:KVHI) Sees Large Decrease in Short Interest

KVH Industries, Inc. (NASDAQ:KVHI) was the target of a large decrease in short interest during the month of February. As of February 13th, there was short interest totaling 30,799 shares, a decrease of 27.5% from the January 29th total of 42,467 shares. Based on an average daily volume of 46,405 shares, the short-interest ratio is currently 0.7 days. Currently, 0.2% of the company’s shares are short sold. Currently, 0.2% of the company’s shares are short sold. Based on an average daily volume of 46,405 shares, the short-interest ratio is currently 0.7 days.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Wall Street Zen upgraded shares of KVH Industries to a “hold” rating in a report on Saturday, December 13th. Weiss Ratings reiterated a “sell (e+)” rating on shares of KVH Industries in a report on Monday, December 22nd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Insiders Place Their Bets

In other KVH Industries news, major shareholder Bradley Louis Radoff acquired 30,000 shares of the business’s stock in a transaction that occurred on Thursday, February 12th. The stock was purchased at an average cost of $6.26 per share, with a total value of $187,800.00. Following the transaction, the insider owned 2,180,000 shares of the company’s stock, valued at $13,646,800. This trade represents a 1.40% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Stephen H. Deckoff acquired 60,201 shares of KVH Industries stock in a transaction that occurred on Tuesday, December 9th. The stock was bought at an average price of $6.02 per share, for a total transaction of $362,410.02. Following the completion of the acquisition, the director owned 3,498,596 shares in the company, valued at $21,061,547.92. This trade represents a 1.75% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders have bought 116,963 shares of company stock valued at $711,606. Company insiders own 21.10% of the company’s stock.

Institutional Investors Weigh In On KVH Industries

A number of hedge funds have recently added to or reduced their stakes in the business. 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 acquiring an additional 19,026 shares in the last quarter. First Eagle Investment Management LLC raised its stake in shares of KVH Industries by 77.1% in 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 in the last quarter. Mink Brook Asset Management LLC raised its stake in shares of KVH Industries by 84.5% in the second 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 boosted its holdings in KVH Industries by 3.3% in the second quarter. Orion Porfolio Solutions LLC now owns 68,829 shares of the communications equipment provider’s stock valued at $367,000 after purchasing an additional 2,222 shares during the period. Finally, Peapod Lane Capital LLC grew its stake in KVH Industries by 13.7% during the 3rd quarter. Peapod Lane Capital LLC now owns 411,676 shares of the communications equipment provider’s stock worth $2,305,000 after purchasing an additional 49,590 shares in the last quarter. 73.66% of the stock is currently owned by institutional investors and hedge funds.

KVH Industries Price Performance

Shares of NASDAQ:KVHI opened at $6.03 on Friday. The firm has a market capitalization of $118.01 million, a PE ratio of -9.73 and a beta of 0.72. KVH Industries has a 1 year low of $4.69 and a 1 year high of $7.71. The firm’s 50-day moving average is $6.72 and its two-hundred day moving average is $6.17.

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.