KVH Industries, Inc. (NASDAQ:KVHI) CEO Sells $20,509.30 in Stock

KVH Industries, Inc. (NASDAQ:KVHI) CEO Brent C. Bruun sold 3,530 shares of the company’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $5.81, for a total value of $20,509.30. Following the sale, the chief executive officer now owns 183,099 shares of the company’s stock, valued at approximately $1,063,805.19. The trade was a 1.89 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

KVH Industries Trading Down 1.7 %

KVHI stock opened at $5.84 on Friday. The company has a market cap of $115.63 million, a PE ratio of -6.02 and a beta of 0.63. The stock has a 50-day moving average price of $5.80 and a two-hundred day moving average price of $5.18. KVH Industries, Inc. has a 12-month low of $4.17 and a 12-month high of $6.16.

Institutional Trading of KVH Industries

A number of institutional investors have recently modified their holdings of KVHI. Hsbc Holdings PLC raised its holdings in KVH Industries by 4.5% in the fourth quarter. Hsbc Holdings PLC now owns 41,830 shares of the communications equipment provider’s stock valued at $226,000 after buying an additional 1,796 shares during the period. Barclays PLC increased its position in shares of KVH Industries by 4.2% in the third quarter. Barclays PLC now owns 65,466 shares of the communications equipment provider’s stock worth $316,000 after acquiring an additional 2,645 shares in the last quarter. State Street Corp raised its stake in shares of KVH Industries by 6.0% in the 3rd quarter. State Street Corp now owns 59,980 shares of the communications equipment provider’s stock valued at $290,000 after acquiring an additional 3,400 shares during the period. Geode Capital Management LLC lifted its holdings in shares of KVH Industries by 5.3% during the 4th quarter. Geode Capital Management LLC now owns 147,176 shares of the communications equipment provider’s stock valued at $839,000 after acquiring an additional 7,466 shares in the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of KVH Industries by 24.8% during the 4th quarter. Northern Trust Corp now owns 79,584 shares of the communications equipment provider’s stock valued at $454,000 after acquiring an additional 15,796 shares in the last quarter. Hedge funds and other institutional investors own 73.66% of the company’s stock.

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.