KVH Industries (NASDAQ:KVHI) Stock Rating Lowered by Wall Street Zen

KVH Industries (NASDAQ:KVHI) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a note issued to investors on Sunday.

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of KVH Industries in a research report on Monday, December 22nd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has a consensus rating of “Sell”.

KVH Industries Price Performance

NASDAQ KVHI opened at $8.01 on Friday. KVH Industries has a 1-year low of $4.69 and a 1-year high of $8.48. The business has a 50 day simple moving average of $6.70 and a two-hundred day simple moving average of $6.32. The stock has a market capitalization of $156.03 million, a PE ratio of -21.08 and a beta of 0.72.

Insiders Place Their Bets

In related news, major shareholder Bradley Louis Radoff acquired 30,000 shares of the firm’s stock in a transaction on Thursday, February 12th. The shares were acquired at an average cost of $6.26 per share, for a total transaction of $187,800.00. Following the completion of the transaction, the insider directly owned 2,180,000 shares in the company, valued at approximately $13,646,800. This trade represents a 1.40% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 21.10% of the stock is owned by insiders.

Hedge Funds Weigh In On KVH Industries

A number of institutional investors and hedge funds have recently modified their holdings of KVHI. Orion Porfolio Solutions LLC raised its holdings 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 worth $367,000 after buying an additional 2,222 shares during the period. State Street Corp boosted its holdings in KVH Industries by 4.4% during the 4th quarter. State Street Corp now owns 66,018 shares of the communications equipment provider’s stock valued at $460,000 after acquiring an additional 2,800 shares during the period. Peapod Lane Capital LLC grew its position in KVH Industries by 0.7% in the 4th quarter. Peapod Lane Capital LLC now owns 414,734 shares of the communications equipment provider’s stock valued at $2,891,000 after acquiring an additional 3,058 shares during the last quarter. Goldman Sachs Group Inc. grew its position in KVH Industries by 20.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 31,445 shares of the communications equipment provider’s stock valued at $219,000 after acquiring an additional 5,378 shares during the last quarter. Finally, Squarepoint Ops LLC increased its stake in KVH Industries by 27.8% in the third quarter. Squarepoint Ops LLC now owns 27,303 shares of the communications equipment provider’s stock worth $153,000 after purchasing an additional 5,935 shares during the period. Hedge funds and other institutional investors own 73.66% of the company’s stock.

KVH Industries Company Profile

KVH Industries, Inc develops and manufactures mobile connectivity, inertial navigation, and stabilization systems for maritime, land mobile and defense markets. Its Satellite Communications Group delivers a range of mobile VSAT and broadband systems under the TracPhone and TracNet brands, offering high-speed data, voice and TV programming for commercial and leisure vessels. The company pairs its hardware offerings with the OneCare global network and service platform, providing 24/7 support and coverage across major satellite constellations.

The Inertial Systems Group at KVH produces fiber-optic and hemispherical resonator gyros, inertial measurement units (IMUs) and related inertial navigation products for aerospace, unmanned platforms and precision stabilization applications.