KVH Industries, Inc. (NASDAQ:KVHI) Short Interest Update

KVH Industries, Inc. (NASDAQ:KVHI) saw a significant decrease in short interest in December. As of December 31st, there was short interest totaling 44,275 shares, a decrease of 26.0% from the December 15th total of 59,808 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average daily volume of 75,522 shares, the short-interest ratio is currently 0.6 days. Based on an average daily volume of 75,522 shares, the short-interest ratio is currently 0.6 days. Approximately 0.3% of the company’s stock are short sold.

KVH Industries Stock Up 4.0%

Shares of NASDAQ:KVHI traded up $0.29 on Friday, reaching $7.59. The company had a trading volume of 57,861 shares, compared to its average volume of 57,022. The stock has a market capitalization of $148.54 million, a P/E ratio of -12.24 and a beta of 0.69. The stock has a 50-day moving average price of $6.53 and a 200 day moving average price of $5.93. KVH Industries has a twelve month low of $4.69 and a twelve month high of $7.71.

Insiders Place Their Bets

In other KVH Industries news, Director Stephen H. Deckoff purchased 60,201 shares of the company’s stock in a transaction that occurred on Tuesday, December 9th. The shares were purchased at an average cost of $6.02 per share, with a total value of $362,410.02. Following the completion of the transaction, the director owned 3,498,596 shares of the company’s stock, valued at approximately $21,061,547.92. This represents a 1.75% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Bradley Louis Radoff acquired 40,000 shares of KVH Industries stock in a transaction that occurred on Friday, November 14th. The stock was acquired at an average cost of $5.78 per share, with a total value of $231,200.00. Following the completion of the purchase, the insider owned 2,150,000 shares in the company, valued at approximately $12,427,000. This represents a 1.90% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought 138,660 shares of company stock valued at $825,071 in the last 90 days. Corporate insiders own 21.10% of the company’s stock.

Hedge Funds Weigh In On KVH Industries

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Orion Porfolio Solutions LLC lifted its stake in shares of 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 worth $367,000 after buying an additional 2,222 shares during the last quarter. Squarepoint Ops LLC raised its holdings in KVH Industries by 27.8% in the 3rd quarter. Squarepoint Ops LLC now owns 27,303 shares of the communications equipment provider’s stock worth $153,000 after acquiring an additional 5,935 shares during the period. First Eagle Investment Management LLC lifted its position in KVH Industries by 7.9% during the 3rd quarter. First Eagle Investment Management LLC now owns 211,826 shares of the communications equipment provider’s stock worth $1,186,000 after acquiring an additional 15,482 shares during the last quarter. NewEdge Advisors LLC bought a new stake in KVH Industries during the third quarter valued at about $90,000. Finally, Mink Brook Asset Management LLC grew its position 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 during the last quarter. Institutional investors and hedge funds own 73.66% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on KVHI shares. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of KVH Industries in a research note on Monday, December 22nd. Wall Street Zen upgraded KVH Industries to a “hold” rating in a report on Saturday, December 13th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company 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.