KVH Industries Inc. (KVHI) VP Sells $137,156.25 in Stock
KVH Industries Inc. (NASDAQ:KVHI) VP Robert J. Balog sold 13,125 shares of the company’s stock in a transaction dated Tuesday, November 29th. The shares were sold at an average price of $10.45, for a total transaction of $137,156.25. Following the sale, the vice president now owns 81,947 shares of the company’s stock, valued at $856,346.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Shares of KVH Industries Inc. (NASDAQ:KVHI) traded up 4.81% on Wednesday, hitting $10.90. 143,777 shares of the stock were exchanged. KVH Industries Inc. has a one year low of $7.31 and a one year high of $11.00. The firm has a market capitalization of $180.46 million, a PE ratio of 52.66 and a beta of 0.86. The company has a 50-day moving average price of $8.89 and a 200-day moving average price of $8.54.
KVH Industries (NASDAQ:KVHI) last issued its earnings results on Wednesday, November 2nd. The company reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.18. The firm earned $45.80 million during the quarter, compared to analyst estimates of $45.63 million. KVH Industries had a net margin of 1.81% and a return on equity of 7.10%. The company’s quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter last year, the business earned $0.12 earnings per share. Equities research analysts expect that KVH Industries Inc. will post $0.43 earnings per share for the current year.
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Separately, Zacks Investment Research upgraded shares of KVH Industries from a “hold” rating to a “strong-buy” rating and set a $9.25 price target for the company in a report on Wednesday, November 9th.
Institutional investors have recently modified their holdings of the company. California State Teachers Retirement System raised its position in shares of KVH Industries by 0.9% in the third quarter. California State Teachers Retirement System now owns 31,961 shares of the company’s stock worth $282,000 after buying an additional 300 shares in the last quarter. Genesee Valley Trust Co. raised its position in shares of KVH Industries by 7.9% in the second quarter. Genesee Valley Trust Co. now owns 14,318 shares of the company’s stock worth $110,000 after buying an additional 1,045 shares in the last quarter. Parametric Portfolio Associates LLC raised its position in shares of KVH Industries by 9.3% in the second quarter. Parametric Portfolio Associates LLC now owns 21,095 shares of the company’s stock worth $162,000 after buying an additional 1,799 shares in the last quarter. Rhumbline Advisers raised its position in shares of KVH Industries by 11.6% in the third quarter. Rhumbline Advisers now owns 26,075 shares of the company’s stock worth $230,000 after buying an additional 2,700 shares in the last quarter. Finally, Nationwide Fund Advisors raised its position in shares of KVH Industries by 33.7% in the second quarter. Nationwide Fund Advisors now owns 18,636 shares of the company’s stock worth $143,000 after buying an additional 4,700 shares in the last quarter. Hedge funds and other institutional investors own 64.59% of the company’s stock.
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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