KVH Industries (NASDAQ:KVHI) Major Shareholder Sells $392,000.00 in Stock

KVH Industries, Inc. (NASDAQ:KVHI) major shareholder Bradley Louis Radoff sold 35,000 shares of the company’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $11.20, for a total value of $392,000.00. Following the sale, the insider owned 290,000 shares in the company, valued at approximately $3,248,000. The trade was a 10.77% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

KVH Industries Price Performance

Shares of KVH Industries stock opened at $9.28 on Monday. KVH Industries, Inc. has a one year low of $5.09 and a one year high of $13.00. The stock’s 50-day moving average is $9.78 and its 200 day moving average is $7.69. The firm has a market cap of $180.96 million, a price-to-earnings ratio of -35.69 and a beta of 0.43.

KVH Industries (NASDAQ:KVHI) last announced its earnings results on Wednesday, May 6th. The communications equipment provider reported $0.03 EPS for the quarter, beating the consensus estimate of ($0.02) by $0.05. KVH Industries had a negative return on equity of 0.80% and a negative net margin of 4.31%.The company had revenue of $32.32 million for the quarter, compared to analyst estimates of $30.56 million.

Analysts Set New Price Targets

KVHI has been the topic of several research analyst reports. Weiss Ratings restated a “sell (d-)” rating on shares of KVH Industries in a research report on Friday, March 27th. Wall Street Zen upgraded KVH Industries from a “hold” rating to a “buy” rating in a research report on Monday. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Orion Porfolio Solutions LLC boosted its holdings in 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 acquiring an additional 2,222 shares in the last quarter. Empowered Funds LLC boosted its holdings in KVH Industries by 9.3% in the first quarter. Empowered Funds LLC now owns 31,775 shares of the communications equipment provider’s stock worth $285,000 after acquiring an additional 2,691 shares in the last quarter. State Street Corp boosted its holdings in KVH Industries by 4.4% in the fourth quarter. State Street Corp now owns 66,018 shares of the communications equipment provider’s stock worth $460,000 after acquiring an additional 2,800 shares in the last quarter. Peapod Lane Capital LLC boosted its holdings in KVH Industries by 0.7% in the fourth quarter. Peapod Lane Capital LLC now owns 414,734 shares of the communications equipment provider’s stock worth $2,891,000 after acquiring an additional 3,058 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in KVH Industries by 20.6% in the fourth quarter. Goldman Sachs Group Inc. now owns 31,445 shares of the communications equipment provider’s stock worth $219,000 after acquiring an additional 5,378 shares in the last quarter. 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.