Insider Buying: KVH Industries, Inc. (NASDAQ:KVHI) Director Purchases 50,200 Shares of Stock

KVH Industries, Inc. (NASDAQ:KVHI) Director Stephen H. Deckoff acquired 50,200 shares of the firm’s stock in a transaction on Thursday, September 12th. The stock was purchased at an average cost of $4.47 per share, with a total value of $224,394.00. Following the purchase, the director now owns 3,357,398 shares of the company’s stock, valued at $15,007,569.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

KVH Industries Stock Up 1.3 %

KVHI stock opened at $4.75 on Friday. The firm has a market cap of $93.65 million, a price-to-earnings ratio of -4.95 and a beta of 0.60. KVH Industries, Inc. has a twelve month low of $4.17 and a twelve month high of $5.49. The business’s fifty day simple moving average is $4.57 and its two-hundred day simple moving average is $4.78.

KVH Industries (NASDAQ:KVHI) last announced its quarterly earnings data on Thursday, August 1st. The communications equipment provider reported ($0.07) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.02. The company had revenue of $28.67 million during the quarter. KVH Industries had a negative net margin of 17.88% and a negative return on equity of 2.64%.

Institutional Trading of KVH Industries

Large investors have recently modified their holdings of the company. Hsbc Holdings PLC raised its stake in KVH Industries by 19.7% in the second quarter. Hsbc Holdings PLC now owns 30,733 shares of the communications equipment provider’s stock worth $145,000 after buying an additional 5,054 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of KVH Industries by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 962,968 shares of the communications equipment provider’s stock valued at $4,911,000 after buying an additional 6,382 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new stake in KVH Industries in the second quarter valued at approximately $30,000. Price T Rowe Associates Inc. MD grew its holdings in KVH Industries by 18.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 42,385 shares of the communications equipment provider’s stock worth $217,000 after purchasing an additional 6,730 shares during the last quarter. Finally, Marquette Asset Management LLC increased its position in shares of KVH Industries by 26.6% during the first quarter. Marquette Asset Management LLC now owns 40,503 shares of the communications equipment provider’s stock worth $207,000 after purchasing an additional 8,503 shares in the last quarter. Hedge funds and other institutional investors own 73.66% of the company’s stock.

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.