Insider Selling: KVH Industries, Inc. (NASDAQ:KVHI) CEO Sells $11,829.12 in Stock

KVH Industries, Inc. (NASDAQ:KVHI) CEO Brent C. Bruun sold 2,424 shares of the stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $4.88, for a total transaction of $11,829.12. Following the sale, the chief executive officer now owns 189,795 shares of the company’s stock, valued at approximately $926,199.60. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

KVH Industries Trading Down 1.8 %

Shares of KVHI stock opened at $4.79 on Friday. The business’s 50 day moving average is $5.03 and its two-hundred day moving average is $4.98. KVH Industries, Inc. has a twelve month low of $4.30 and a twelve month high of $10.17.

KVH Industries (NASDAQ:KVHI) last announced its quarterly earnings data on Monday, May 6th. The communications equipment provider reported ($0.05) earnings per share (EPS) for the quarter. KVH Industries had a negative net margin of 14.54% and a negative return on equity of 0.98%. The firm had revenue of $29.27 million during the quarter.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of KVH Industries from a “sell” rating to a “hold” rating in a report on Wednesday, May 8th.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in KVH Industries by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 962,968 shares of the communications equipment provider’s stock worth $4,911,000 after purchasing an additional 6,382 shares during the period. Potomac Capital Management Inc. boosted its stake in shares of KVH Industries by 15.9% in the third quarter. Potomac Capital Management Inc. now owns 714,255 shares of the communications equipment provider’s stock valued at $3,643,000 after buying an additional 98,032 shares in the last quarter. Roumell Asset Management LLC grew its holdings in KVH Industries by 235.0% during the third quarter. Roumell Asset Management LLC now owns 331,653 shares of the communications equipment provider’s stock worth $1,691,000 after acquiring an additional 232,642 shares during the period. Palogic Value Management L.P. raised its position in KVH Industries by 77.0% in the fourth 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. Finally, AMH Equity Ltd lifted its holdings in KVH Industries by 187.2% in the first quarter. AMH Equity Ltd now owns 250,000 shares of the communications equipment provider’s stock valued at $1,275,000 after acquiring an additional 162,949 shares during the period. 73.66% of the stock is owned by hedge funds and other institutional investors.

About KVH Industries

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.