KVH Industries (NASDAQ:KVHI) Stock Rating Upgraded by Wall Street Zen

KVH Industries (NASDAQ:KVHI) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Saturday.

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

KVH Industries Price Performance

KVHI opened at $7.09 on Friday. The stock’s 50 day simple moving average is $6.64 and its 200 day simple moving average is $6.23. The firm has a market cap of $138.11 million, a price-to-earnings ratio of -18.66 and a beta of 0.72. KVH Industries has a 1 year low of $4.69 and a 1 year high of $7.71.

Insider Buying and Selling

In other KVH Industries news, major shareholder Bradley Louis Radoff purchased 30,000 shares of the company’s stock in a transaction that occurred on Thursday, February 12th. The stock was bought at an average price of $6.26 per share, with a total value of $187,800.00. Following the completion of the purchase, the insider directly owned 2,180,000 shares of the company’s stock, valued at $13,646,800. The trade was a 1.40% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. 21.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Virtu Financial LLC purchased a new stake in shares of KVH Industries in the 4th quarter worth about $102,000. NewEdge Advisors LLC increased its position in shares of KVH Industries by 96.1% during the fourth quarter. NewEdge Advisors LLC now owns 31,566 shares of the communications equipment provider’s stock valued at $220,000 after buying an additional 15,469 shares during the period. Bridgeway Capital Management LLC increased its position in shares of KVH Industries by 126.9% during the fourth quarter. Bridgeway Capital Management LLC now owns 145,284 shares of the communications equipment provider’s stock valued at $1,013,000 after buying an additional 81,252 shares during the period. OMERS ADMINISTRATION Corp bought a new position in KVH Industries in the fourth quarter worth about $86,000. Finally, Marshall Wace LLP bought a new position in KVH Industries in the fourth quarter worth about $239,000. 73.66% of the stock is currently owned by institutional investors.

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.