Van Heyningen Martin Kits Sells 1,036 Shares of KVH Industries, Inc. (KVHI) Stock

KVH Industries, Inc. (NASDAQ:KVHI) CEO Van Heyningen Martin Kits sold 1,036 shares of the company’s stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $10.08, for a total value of $10,442.88. Following the completion of the sale, the chief executive officer now directly owns 808,531 shares of the company’s stock, valued at $8,149,992.48. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Van Heyningen Martin Kits also recently made the following trade(s):

  • On Wednesday, March 27th, Van Heyningen Martin Kits sold 3,293 shares of KVH Industries stock. The shares were sold at an average price of $10.21, for a total value of $33,621.53.
  • On Wednesday, February 20th, Van Heyningen Martin Kits sold 5,166 shares of KVH Industries stock. The shares were sold at an average price of $11.51, for a total value of $59,460.66.
  • On Tuesday, January 15th, Van Heyningen Martin Kits sold 270 shares of KVH Industries stock. The shares were sold at an average price of $10.58, for a total value of $2,856.60.

KVHI traded up $0.06 on Friday, hitting $9.81. 4,476 shares of the company traded hands, compared to its average volume of 31,496. The company has a market cap of $174.35 million, a PE ratio of -81.75 and a beta of 0.79. KVH Industries, Inc. has a 12-month low of $9.16 and a 12-month high of $14.15. The company has a quick ratio of 0.98, a current ratio of 1.39 and a debt-to-equity ratio of 0.20.

KVH Industries (NASDAQ:KVHI) last issued its earnings results on Friday, March 1st. The communications equipment provider reported ($0.03) earnings per share (EPS) for the quarter. The business had revenue of $43.75 million for the quarter, compared to analysts’ expectations of $46.08 million. KVH Industries had a negative return on equity of 2.43% and a negative net margin of 4.82%. As a group, sell-side analysts expect that KVH Industries, Inc. will post -0.15 EPS for the current fiscal year.

Several analysts have commented on the company. ValuEngine raised KVH Industries from a “hold” rating to a “buy” rating in a research note on Monday, March 11th. Raymond James set a $13.00 price objective on KVH Industries and gave the company a “buy” rating in a research note on Tuesday, March 5th. B. Riley assumed coverage on KVH Industries in a research note on Wednesday, March 6th. They set a “buy” rating and a $15.00 price objective for the company. Finally, Zacks Investment Research downgraded KVH Industries from a “hold” rating to a “sell” rating in a research note on Tuesday, January 1st. One analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the stock. KVH Industries presently has an average rating of “Buy” and an average target price of $15.20.

Several hedge funds have recently modified their holdings of the company. BNP Paribas Arbitrage SA raised its stake in shares of KVH Industries by 565.0% during the 1st quarter. BNP Paribas Arbitrage SA now owns 3,458 shares of the communications equipment provider’s stock worth $35,000 after buying an additional 2,938 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of KVH Industries by 37.4% in the 4th 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 period. Vanguard Group Inc grew its holdings in shares of KVH Industries by 0.6% in the 3rd quarter. Vanguard Group Inc now owns 669,605 shares of the communications equipment provider’s stock worth $8,772,000 after acquiring an additional 4,081 shares during the period. Pitcairn Co. grew its holdings in shares of KVH Industries by 26.6% in the 4th 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 period. Finally, First Republic Investment Management Inc. grew its holdings in shares of KVH Industries by 46.2% in the 3rd 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 period. 54.88% of the stock is owned by institutional investors and hedge funds.

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About KVH Industries

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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