KVH Industries (NASDAQ:KVHI) CEO Brent Bruun Sells 2,049 Shares of Stock

KVH Industries, Inc. (NASDAQ:KVHI) CEO Brent Bruun sold 2,049 shares of the business’s stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $6.64, for a total value of $13,605.36. Following the completion of the transaction, the chief executive officer owned 169,624 shares in the company, valued at $1,126,303.36. The trade was a 1.19% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

KVH Industries Stock Down 5.4%

KVH Industries stock traded down $0.40 during mid-day trading on Friday, reaching $7.05. 118,463 shares of the company’s stock were exchanged, compared to its average volume of 54,539. The firm has a market capitalization of $137.97 million, a PE ratio of -18.55 and a beta of 0.72. The business’s fifty day simple moving average is $6.63 and its 200 day simple moving average is $6.22. KVH Industries, Inc. has a one year low of $4.69 and a one year high of $7.71.

Institutional Trading of KVH Industries

A number of institutional investors have recently modified their holdings of KVHI. Orion Porfolio Solutions LLC grew its stake in KVH Industries by 3.3% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 68,829 shares of the communications equipment provider’s stock valued at $367,000 after buying an additional 2,222 shares in the last quarter. State Street Corp boosted its stake in KVH Industries by 4.4% in the 4th quarter. State Street Corp now owns 66,018 shares of the communications equipment provider’s stock worth $460,000 after purchasing an additional 2,800 shares during the period. Peapod Lane Capital LLC grew its holdings in KVH Industries by 0.7% during the 4th quarter. Peapod Lane Capital LLC now owns 414,734 shares of the communications equipment provider’s stock valued at $2,891,000 after buying an additional 3,058 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of KVH Industries by 20.6% in the fourth quarter. Goldman Sachs Group Inc. now owns 31,445 shares of the communications equipment provider’s stock worth $219,000 after buying an additional 5,378 shares in the last quarter. Finally, Squarepoint Ops LLC grew its stake in KVH Industries by 27.8% during the third quarter. Squarepoint Ops LLC now owns 27,303 shares of the communications equipment provider’s stock valued at $153,000 after acquiring an additional 5,935 shares in the last quarter. 73.66% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

KVHI has been the subject of several research analyst reports. Weiss Ratings restated a “sell (e+)” rating on shares of KVH Industries in a research note on Monday, December 22nd. Wall Street Zen raised KVH Industries to a “hold” rating in a research report on Saturday, December 13th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has an average 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.