Insider Buying: KVH Industries (NASDAQ:KVHI) Director Purchases $70,065.03 in Stock

KVH Industries, Inc. (NASDAQ:KVHI) Director Stephen Deckoff purchased 11,697 shares of the business’s stock in a transaction dated Friday, November 28th. The shares were purchased at an average cost of $5.99 per share, for a total transaction of $70,065.03. Following the completion of the purchase, the director directly owned 3,411,633 shares of the company’s stock, valued at approximately $20,435,681.67. This represents a 0.34% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

KVH Industries Price Performance

KVH Industries stock opened at $5.91 on Friday. The business has a 50 day moving average of $5.74 and a 200-day moving average of $5.56. The company has a market capitalization of $115.66 million, a P/E ratio of -9.53 and a beta of 0.73. KVH Industries, Inc. has a 1 year low of $4.69 and a 1 year high of $6.41.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of KVH Industries in a research note on Monday. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, KVH Industries presently has an average rating of “Sell”.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Systematic Financial Management LP increased its position in shares of KVH Industries by 1.4% during the first quarter. Systematic Financial Management LP now owns 1,198,028 shares of the communications equipment provider’s stock worth $6,338,000 after buying an additional 16,471 shares during the period. Mink Brook Asset Management LLC bought a new stake in KVH Industries during the first quarter valued at $441,000. Jane Street Group LLC boosted its position in KVH Industries by 134.0% during the first quarter. Jane Street Group LLC now owns 33,227 shares of the communications equipment provider’s stock valued at $176,000 after acquiring an additional 19,026 shares during the last quarter. Peapod Lane Capital LLC grew its holdings in KVH Industries by 7.7% during the 2nd quarter. Peapod Lane Capital LLC now owns 362,086 shares of the communications equipment provider’s stock worth $1,930,000 after acquiring an additional 25,993 shares during the period. Finally, First Eagle Investment Management LLC raised its position in shares of KVH Industries by 77.1% in the 2nd quarter. First Eagle Investment Management LLC now owns 196,344 shares of the communications equipment provider’s stock worth $1,047,000 after acquiring an additional 85,509 shares in the last quarter. Institutional investors and hedge funds own 73.66% of the company’s stock.

KVH Industries Company Profile

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.