KVH Industries, Inc. (NASDAQ:KVHI) EVP Mark Woodhead sold 5,486 shares of KVH Industries stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $11.45, for a total transaction of $62,814.70. Following the completion of the sale, the executive vice president now owns 51,508 shares in the company, valued at $589,766.60. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Mark Woodhead also recently made the following trade(s):

  • On Wednesday, October 2nd, Mark Woodhead sold 458 shares of KVH Industries stock. The shares were sold at an average price of $9.81, for a total transaction of $4,492.98.

KVH Industries stock opened at $11.38 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.77 and a quick ratio of 2.16. The company’s 50-day moving average price is $10.74 and its two-hundred day moving average price is $10.12. KVH Industries, Inc. has a 52 week low of $8.64 and a 52 week high of $11.89.

KVH Industries (NASDAQ:KVHI) last released its earnings results on Wednesday, October 30th. The communications equipment provider reported ($0.12) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.09) by ($0.03). The company had revenue of $39.31 million for the quarter, compared to analyst estimates of $40.28 million. KVH Industries had a net margin of 21.47% and a negative return on equity of 7.81%. Equities research analysts forecast that KVH Industries, Inc. will post -0.63 earnings per share for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in KVHI. Phoenix Holdings Ltd. purchased a new position in shares of KVH Industries in the third quarter worth approximately $621,000. Delek Group Ltd. acquired a new stake in shares of KVH Industries during the second quarter worth approximately $649,000. Needham Investment Management LLC lifted its stake in KVH Industries by 6.1% in the second quarter. Needham Investment Management LLC now owns 1,065,998 shares of the communications equipment provider’s stock valued at $11,587,000 after acquiring an additional 61,000 shares during the last quarter. Panagora Asset Management Inc. lifted its stake in KVH Industries by 1,464.8% in the second quarter. Panagora Asset Management Inc. now owns 20,561 shares of the communications equipment provider’s stock valued at $223,000 after acquiring an additional 19,247 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its stake in KVH Industries by 2.6% in the second quarter. Renaissance Technologies LLC now owns 436,100 shares of the communications equipment provider’s stock valued at $4,740,000 after acquiring an additional 11,206 shares during the last quarter. 58.02% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of KVH Industries from a “sell” rating to a “hold” rating in a research report on Wednesday, October 16th. Needham & Company LLC reiterated a “buy” rating and issued a $13.00 price objective on shares of KVH Industries in a research report on Monday, November 18th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $14.00.

KVH Industries Company Profile

KVH Industries, Inc designs, develops, manufactures, and markets mobile connectivity products and services for the marine and land mobile markets in the United States and internationally. The company offers mobile satellite TV and communications products; two-way satellite communications systems; onboard V-IP terminals and hub equipment; network management hardware and software products for maritime communications; and Iridium OpenPort hardware products and services.

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