KVH Industries (NASDAQ:KVHI) Downgraded by Wall Street Zen to "Hold"

Key Points

• Wall Street Zen downgraded KVH Industries from "buy" to "hold," while Weiss Ratings reaffirmed a "sell (e+)" and the stock's MarketBeat consensus rating is "Sell."
• Major shareholder Bradley Louis Radoff purchased 30,000 shares at $6.26 on Feb. 12, increasing his stake to 2,180,000 shares; insiders now own 21.10% of the company.
• Shares opened at $8.01 with a market cap of $156.0M, a 50-day/200-day simple moving average of $6.70/$6.32, and a one-year trading range of $4.69–$8.48.

KVH Industries (NASDAQ:KVHI - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a report issued on Sunday.

Separately, Weiss Ratings reaffirmed a "sell (e+)" rating on shares of KVH Industries in a report on Monday, December 22nd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has an average rating of "Sell".

KVH Industries Price Performance

Shares of KVHI opened at $8.01 on Friday. The company has a 50-day simple moving average of $6.70 and a two-hundred day simple moving average of $6.32. The firm has a market capitalization of $156.03 million, a PE ratio of -21.08 and a beta of 0.72. KVH Industries has a one year low of $4.69 and a one year high of $8.48.

Insiders Place Their Bets

In other KVH Industries news, major shareholder Bradley Louis Radoff purchased 30,000 shares of the company's stock in a transaction on Thursday, February 12th. The stock was acquired at an average cost of $6.26 per share, for a total transaction of $187,800.00. Following the purchase, the insider directly owned 2,180,000 shares of the company's stock, valued at $13,646,800. This trade represents a 1.40% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 21.10% of the stock is owned by insiders.

Hedge Funds Weigh In On KVH Industries

Several hedge funds have recently modified their holdings of KVHI. Virtu Financial LLC bought a new position in shares of KVH Industries during the fourth quarter worth $102,000. NewEdge Advisors LLC lifted its stake in KVH Industries by 96.1% in the 4th quarter. NewEdge Advisors LLC now owns 31,566 shares of the communications equipment provider's stock worth $220,000 after purchasing an additional 15,469 shares in the last quarter. Bridgeway Capital Management LLC lifted its stake in KVH Industries by 126.9% in the 4th quarter. Bridgeway Capital Management LLC now owns 145,284 shares of the communications equipment provider's stock worth $1,013,000 after purchasing an additional 81,252 shares in the last quarter. OMERS ADMINISTRATION Corp bought a new position in shares of KVH Industries during the 4th quarter valued at about $86,000. Finally, Marshall Wace LLP bought a new position in shares of KVH Industries during the 4th quarter valued at about $239,000. Hedge funds and other institutional investors own 73.66% of the company's stock.

About KVH Industries

KVH Industries, Inc develops and manufactures mobile connectivity, inertial navigation, and stabilization systems for maritime, land mobile and defense markets. Its Satellite Communications Group delivers a range of mobile VSAT and broadband systems under the TracPhone and TracNet brands, offering high-speed data, voice and TV programming for commercial and leisure vessels. The company pairs its hardware offerings with the OneCare global network and service platform, providing 24/7 support and coverage across major satellite constellations.

The Inertial Systems Group at KVH produces fiber-optic and hemispherical resonator gyros, inertial measurement units (IMUs) and related inertial navigation products for aerospace, unmanned platforms and precision stabilization applications.

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