KVH Industries, Inc. (NASDAQ:KVHI) COO Brent C. Bruun sold 1,132 shares of the business’s stock in a transaction dated Thursday, March 15th. The stock was sold at an average price of $10.35, for a total transaction of $11,716.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Shares of KVHI stock opened at $11.00 on Wednesday. KVH Industries, Inc. has a 52 week low of $7.65 and a 52 week high of $12.65. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.26 and a quick ratio of 1.73.
KVH Industries (NASDAQ:KVHI) last announced its quarterly earnings data on Friday, March 2nd. The communications equipment provider reported $0.06 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.13 by ($0.07). KVH Industries had a negative net margin of 6.89% and a negative return on equity of 1.25%. The firm had revenue of $38.98 million during the quarter, compared to the consensus estimate of $40.11 million. research analysts predict that KVH Industries, Inc. will post -0.18 EPS for the current year.
A number of institutional investors have recently made changes to their positions in KVHI. Teachers Advisors LLC raised its stake in KVH Industries by 14.0% in the 2nd quarter. Teachers Advisors LLC now owns 26,203 shares of the communications equipment provider’s stock valued at $249,000 after acquiring an additional 3,227 shares during the period. Northern Trust Corp raised its stake in KVH Industries by 4.9% in the 2nd quarter. Northern Trust Corp now owns 193,162 shares of the communications equipment provider’s stock valued at $1,835,000 after acquiring an additional 9,110 shares during the period. Vanguard Group Inc. raised its stake in KVH Industries by 5.0% in the 2nd quarter. Vanguard Group Inc. now owns 670,397 shares of the communications equipment provider’s stock valued at $6,369,000 after acquiring an additional 32,022 shares during the period. Parametric Portfolio Associates LLC raised its stake in KVH Industries by 0.8% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 20,669 shares of the communications equipment provider’s stock valued at $196,000 after acquiring an additional 165 shares during the period. Finally, State Street Corp raised its stake in KVH Industries by 6.2% in the 2nd quarter. State Street Corp now owns 267,550 shares of the communications equipment provider’s stock valued at $2,540,000 after acquiring an additional 15,506 shares during the period. Institutional investors and hedge funds own 54.65% of the company’s stock.
A number of equities analysts recently weighed in on KVHI shares. Zacks Investment Research downgraded shares of KVH Industries from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 9th. ValuEngine downgraded shares of KVH Industries from a “hold” rating to a “sell” rating in a report on Thursday, March 1st. Two research analysts have rated the stock with a sell rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $10.33.
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KVH Industries Company Profile
KVH Industries, Inc is a manufacturer of solutions that provide high-speed Internet, television and voice services through satellite to mobile users at sea and on land. The Company also provides commercially licensed entertainment, including news, sports, music and movies, to commercial and leisure customers in the maritime, hotel and retail markets.
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