KVH Industries (NASDAQ:KVHI) SVP Felise Feingold Sells 1,862 Shares

KVH Industries, Inc. (NASDAQ:KVHI) SVP Felise Feingold sold 1,862 shares of the company’s stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $7.60, for a total value of $14,151.20. Following the transaction, the senior vice president owned 67,792 shares of the company’s stock, valued at approximately $515,219.20. This trade represents a 2.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

KVH Industries Stock Up 6.6%

Shares of KVHI stock opened at $8.62 on Friday. KVH Industries, Inc. has a 12 month low of $5.09 and a 12 month high of $13.00. The firm has a market cap of $168.09 million, a PE ratio of -33.15 and a beta of 0.43. The stock has a 50 day moving average of $9.66 and a 200-day moving average of $7.85.

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on KVHI shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of KVH Industries in a report on Friday, March 27th. Wall Street Zen lowered KVH Industries from a “buy” rating to a “hold” rating in a report on Saturday. One research analyst has rated the stock with a Sell rating, According to MarketBeat, KVH Industries currently has an average rating of “Sell”.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Potomac Capital Management Inc. acquired a new position in shares of KVH Industries in the fourth quarter valued at $3,252,000. Peapod Lane Capital LLC raised its stake in shares of KVH Industries by 0.7% in the fourth quarter. Peapod Lane Capital LLC now owns 414,734 shares of the communications equipment provider’s stock valued at $2,891,000 after purchasing an additional 3,058 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of KVH Industries by 22.0% in the first quarter. Renaissance Technologies LLC now owns 345,515 shares of the communications equipment provider’s stock valued at $3,096,000 after purchasing an additional 62,407 shares in the last quarter. First Eagle Investment Management LLC raised its stake in shares of KVH Industries by 7.9% in the third quarter. First Eagle Investment Management LLC now owns 211,826 shares of the communications equipment provider’s stock valued at $1,186,000 after purchasing an additional 15,482 shares in the last quarter. Finally, Mink Brook Asset Management LLC raised its stake in shares of KVH Industries by 11.6% in the third quarter. Mink Brook Asset Management LLC now owns 171,569 shares of the communications equipment provider’s stock valued at $961,000 after purchasing an additional 17,886 shares in the last quarter. 73.66% of the stock is currently 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.