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

KVH Industries, Inc. (NASDAQ:KVHI) Director Stephen H. Deckoff purchased 50,200 shares of the business’s stock in a transaction on Thursday, September 12th. The shares were acquired at an average cost 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 filing with the SEC, which is available through this link.

KVH Industries Price Performance

Shares of NASDAQ:KVHI opened at $4.75 on Friday. The company’s 50-day moving average price is $4.56 and its two-hundred day moving average price is $4.78. KVH Industries, Inc. has a one year low of $4.17 and a one year high of $5.49. The stock has a market capitalization of $93.65 million, a PE ratio of -4.95 and a beta of 0.60.

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

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Cubist Systematic Strategies LLC acquired a new position in shares of KVH Industries during the 2nd quarter worth about $30,000. American Century Companies Inc. acquired a new position in shares of KVH Industries during the 2nd quarter worth about $54,000. AQR Capital Management LLC acquired a new position in shares of KVH Industries during the 2nd quarter worth about $63,000. Marshall Wace LLP acquired a new position in shares of KVH Industries during the 2nd quarter worth about $75,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of KVH Industries during the 2nd quarter worth about $130,000. 73.66% of the stock is currently owned by institutional investors and hedge funds.

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.