Insider Buying: KVH Industries, Inc. (NASDAQ:KVHI) Director Acquires $224,394.00 in Stock

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

KVH Industries Stock Performance

Shares of KVHI stock opened at $4.75 on Friday. The stock has a fifty day simple moving average of $4.57 and a two-hundred day simple moving average of $4.78. The firm has a market capitalization of $93.65 million, a PE ratio of -4.95 and a beta of 0.60. KVH Industries, Inc. has a 52-week low of $4.17 and a 52-week high of $5.49.

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

Institutional Trading of KVH Industries

Hedge funds have recently bought and sold shares of the stock. Twin Focus Capital Partners LLC bought a new stake in shares of KVH Industries in the fourth quarter worth about $859,000. AMH Equity Ltd increased its stake in KVH Industries by 187.2% in the 1st quarter. AMH Equity Ltd now owns 250,000 shares of the communications equipment provider’s stock worth $1,275,000 after acquiring an additional 162,949 shares during the last quarter. Palogic Value Management L.P. raised its holdings in shares of KVH Industries by 77.0% during the 4th quarter. Palogic Value Management L.P. now owns 268,724 shares of the communications equipment provider’s stock worth $1,413,000 after acquiring an additional 116,895 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of KVH Industries by 38.8% during the 2nd quarter. Renaissance Technologies LLC now owns 177,400 shares of the communications equipment provider’s stock valued at $825,000 after acquiring an additional 49,600 shares during the last quarter. Finally, Acuitas Investments LLC grew its holdings in shares of KVH Industries by 19.1% in the second quarter. Acuitas Investments LLC now owns 266,055 shares of the communications equipment provider’s stock valued at $1,237,000 after purchasing an additional 42,613 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.