KVH Industries, Inc. (NASDAQ:KVHI) CTO Robert J. Balog sold 1,508 shares of the stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $10.56, for a total transaction of $15,924.48. Following the completion of the transaction, the chief technology officer now owns 78,990 shares of the company’s stock, valued at approximately $834,134.40. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of KVHI traded down $0.01 during trading hours on Friday, reaching $10.54. The company had a trading volume of 10 shares, compared to its average volume of 41,985. The company has a quick ratio of 0.98, a current ratio of 1.39 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $189.29 million, a PE ratio of -88.08 and a beta of 0.80. KVH Industries, Inc. has a 12-month low of $9.16 and a 12-month high of $14.15.
Large investors have recently bought and sold shares of the business. Bank of America Corp DE increased its holdings in KVH Industries by 37.4% during the 4th quarter. Bank of America Corp DE now owns 14,693 shares of the communications equipment provider’s stock valued at $152,000 after acquiring an additional 3,999 shares in the last quarter. Pitcairn Co. increased its holdings in KVH Industries by 26.6% during the 4th quarter. Pitcairn Co. now owns 20,683 shares of the communications equipment provider’s stock valued at $213,000 after acquiring an additional 4,352 shares in the last quarter. First Republic Investment Management Inc. increased its holdings in KVH Industries by 46.2% during the 3rd quarter. First Republic Investment Management Inc. now owns 17,166 shares of the communications equipment provider’s stock valued at $225,000 after acquiring an additional 5,421 shares in the last quarter. Rhumbline Advisers increased its holdings in KVH Industries by 44.0% during the 4th quarter. Rhumbline Advisers now owns 22,987 shares of the communications equipment provider’s stock valued at $237,000 after acquiring an additional 7,022 shares in the last quarter. Finally, ETF Managers Group LLC purchased a new position in KVH Industries during the 4th quarter valued at about $250,000. Hedge funds and other institutional investors own 54.92% of the company’s stock.
A number of equities analysts have recently issued reports on the stock. ValuEngine upgraded shares of KVH Industries from a “hold” rating to a “buy” rating in a report on Monday. B. Riley assumed coverage on shares of KVH Industries in a report on Wednesday, March 6th. They issued a “buy” rating and a $15.00 price target for the company. Raymond James set a $13.00 price target on shares of KVH Industries and gave the company a “buy” rating in a report on Tuesday, March 5th. Finally, Zacks Investment Research downgraded shares of KVH Industries from a “hold” rating to a “sell” rating in a report on Tuesday, January 1st. One equities research analyst has rated the stock with a sell rating and five have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $15.20.
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About KVH Industries
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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