Brent C. Bruun Sells 1,177 Shares of KVH Industries (KVHI) Stock

KVH Industries (NASDAQ:KVHI) COO Brent C. Bruun sold 1,177 shares of the stock in a transaction that occurred on Thursday, April 12th. The shares were sold at an average price of $10.65, for a total value of $12,535.05. Following the sale, the chief operating officer now directly owns 104,700 shares of the company’s stock, valued at approximately $1,115,055. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

NASDAQ:KVHI opened at $10.75 on Monday. KVH Industries has a fifty-two week low of $7.65 and a fifty-two week high of $12.65. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.26 and a quick ratio of 1.73.

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KVH Industries (NASDAQ:KVHI) last released its quarterly earnings data on Friday, March 2nd. The communications equipment provider reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.07). The company had revenue of $38.98 million for the quarter, compared to analysts’ expectations of $40.11 million. KVH Industries had a negative net margin of 6.89% and a negative return on equity of 1.25%. research analysts forecast that KVH Industries will post -0.18 EPS for the current fiscal year.

A number of analysts have recently weighed in on the company. ValuEngine lowered KVH Industries from a “hold” rating to a “sell” rating in a research note on Thursday, March 1st. Zacks Investment Research lowered KVH Industries from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 9th.

Several institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP raised its holdings in shares of KVH Industries by 2.9% during the third quarter. Dimensional Fund Advisors LP now owns 1,237,751 shares of the communications equipment provider’s stock valued at $14,791,000 after acquiring an additional 34,714 shares in the last quarter. State Street Corp raised its holdings in shares of KVH Industries by 6.2% during the second quarter. State Street Corp now owns 267,550 shares of the communications equipment provider’s stock valued at $2,540,000 after acquiring an additional 15,506 shares in the last quarter. Thomson Horstmann & Bryant Inc. raised its holdings in shares of KVH Industries by 18.4% during the fourth quarter. Thomson Horstmann & Bryant Inc. now owns 211,606 shares of the communications equipment provider’s stock valued at $2,190,000 after acquiring an additional 32,852 shares in the last quarter. Stone Ridge Asset Management LLC bought a new position in shares of KVH Industries during the fourth quarter valued at approximately $401,000. Finally, Deutsche Bank AG raised its holdings in shares of KVH Industries by 81.7% during the fourth quarter. Deutsche Bank AG now owns 38,445 shares of the communications equipment provider’s stock valued at $396,000 after acquiring an additional 17,291 shares in the last quarter. Institutional investors own 54.88% of the company’s stock.

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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, including satellite TV antennas; 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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