KVH Industries (NASDAQ:KVHI) Director Purchases $78,780.00 in Stock

KVH Industries, Inc. (NASDAQ:KVHI) Director Stephen Deckoff acquired 13,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 2nd. The stock was bought at an average cost of $6.06 per share, with a total value of $78,780.00. Following the purchase, the director owned 3,427,978 shares in the company, valued at $20,773,546.68. The trade was a 0.38% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink.

KVH Industries Stock Performance

NASDAQ KVHI opened at $5.91 on Friday. The firm’s fifty day moving average price is $5.74 and its two-hundred day moving average price is $5.56. The stock has a market cap of $115.66 million, a PE ratio of -9.53 and a beta of 0.73. KVH Industries, Inc. has a fifty-two week low of $4.69 and a fifty-two week high of $6.41.

Hedge Funds Weigh In On KVH Industries

Several large investors have recently modified their holdings of KVHI. NewEdge Advisors LLC bought a new stake in shares of KVH Industries in the third quarter worth $90,000. Jacobs Levy Equity Management Inc. acquired a new position in KVH Industries during the 3rd quarter worth about $113,000. Squarepoint Ops LLC grew its position in shares of KVH Industries by 27.8% in the 3rd quarter. Squarepoint Ops LLC now owns 27,303 shares of the communications equipment provider’s stock valued at $153,000 after buying an additional 5,935 shares during the last quarter. Jane Street Group LLC grew its position in shares of KVH Industries by 134.0% in the 1st quarter. Jane Street Group LLC now owns 33,227 shares of the communications equipment provider’s stock valued at $176,000 after buying an additional 19,026 shares during the last quarter. Finally, Orion Porfolio Solutions LLC increased 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 valued at $367,000 after buying an additional 2,222 shares during the period. Institutional investors own 73.66% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of KVH Industries in a report on Monday. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.

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.