KVH Industries, Inc. (NASDAQ:KVHI) CTO Robert J. Balog sold 1,508 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $10.56, for a total transaction of $15,924.48. Following the completion of the sale, the chief technology officer now directly owns 78,990 shares in the company, valued at $834,134.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of KVHI traded down $0.01 during mid-day trading on Friday, hitting $10.54. The company had a trading volume of 10 shares, compared to its average volume of 41,985. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.98 and a current ratio of 1.39. KVH Industries, Inc. has a 1-year low of $9.16 and a 1-year high of $14.15. The stock has a market capitalization of $189.29 million, a PE ratio of -88.08 and a beta of 0.80.

Several equities research analysts recently issued reports on the stock. ValuEngine raised shares of KVH Industries from a “hold” rating to a “buy” rating in a research report on Monday. B. Riley assumed coverage on shares of KVH Industries in a research report on Wednesday, March 6th. They issued a “buy” rating and a $15.00 target price on the stock. Raymond James set a $13.00 target price on shares of KVH Industries and gave the stock a “buy” rating in a research report on Tuesday, March 5th. Finally, Zacks Investment Research cut shares of KVH Industries from a “hold” rating to a “sell” rating in a research report on Tuesday, January 1st. One analyst has rated the stock with a sell rating and five have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $15.20.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bank of America Corp DE boosted its position in shares of KVH Industries by 37.4% in the fourth quarter. Bank of America Corp DE now owns 14,693 shares of the communications equipment provider’s stock worth $152,000 after acquiring an additional 3,999 shares during the last quarter. Pitcairn Co. boosted its position in shares of KVH Industries by 26.6% in the fourth quarter. Pitcairn Co. now owns 20,683 shares of the communications equipment provider’s stock worth $213,000 after acquiring an additional 4,352 shares during the last quarter. First Republic Investment Management Inc. boosted its position in shares of KVH Industries by 46.2% in the third quarter. First Republic Investment Management Inc. now owns 17,166 shares of the communications equipment provider’s stock worth $225,000 after acquiring an additional 5,421 shares during the last quarter. Rhumbline Advisers boosted its position in shares of KVH Industries by 44.0% in the fourth quarter. Rhumbline Advisers now owns 22,987 shares of the communications equipment provider’s stock worth $237,000 after acquiring an additional 7,022 shares during the last quarter. Finally, ETF Managers Group LLC acquired a new stake in shares of KVH Industries in the fourth quarter worth approximately $250,000. 54.92% of the stock is currently owned by institutional investors and hedge funds.

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KVH Industries Company Profile

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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