Brent C. Bruun sells 2,424 shares of KVH Industries, Inc. (NASDAQ:KVHI)

KVH Industries, Inc. (NASDAQ:KVHI – Get Your Free Report ) CEO Brent C. Bruun sold 2,424 shares of the business’s stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $4.88, for a total value of $11,829.12. Following the completion of the transaction, the chief executive officer now owns 189,795 shares of the company’s stock, valued at approximately $926,199.60. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC’s website.

KVH Industries price performance

Shares of NASDAQ KVHI opened at $4.79 on Friday. KVH Industries, Inc. has a 1 year low of $4.30 and a 1 year high of $10.17. The stock’s 50-day moving average is $5.03 and its 200-day moving average is $4.98.

KVH Industries (NASDAQ:KVHI – Get Your Free Report ) last announced its quarterly earnings data on Monday, May 6th. The communications equipment provider reported ($0.05) earnings per share for the quarter. The firm had revenue of $29.27 million for the quarter. KVH Industries had a negative net margin of 14.54% and a negative return on equity of 0.98%.

Changes in Analyst Ratings

Separately, StockNews.com raised KVH Industries from a “sell” rating to a “hold” rating in a report on Wednesday, May 8th.

Check out our latest analysis of KVHI

Hedge funds influence KVH Industries

A number of large investors have recently modified their holdings of the company. Price T Rowe Associates Inc. MD boosted its holdings in shares of KVH Industries by 18.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 42,385 shares of the communications equipment provider’s stock valued at $217,000 after buying an additional 6,730 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of KVH Industries by 0.7% in the first quarter. Vanguard Group Inc. now owns 962,968 shares of the communications equipment provider’s stock valued at $4,911,000 after buying an additional 6,382 shares in the last quarter. AMH Equity Ltd raised its stake in KVH Industries by 187.2% in the first quarter. AMH Equity Ltd now owns 250,000 shares of the communications equipment provider’s stock worth $1,275,000 after buying an additional 162,949 shares during the period. Marquette Asset Management LLC raised its stake in KVH Industries by 26.6% in the first quarter. Marquette Asset Management LLC now owns 40,503 shares of the communications equipment provider’s stock worth $207,000 after purchasing an additional 8,503 shares during the period. Finally, BNP Paribas Financial Markets raised its position in shares of KVH Industries by 637.6% in the first quarter. BNP Paribas Financial Markets now owns 41,134 shares of the communications equipment provider’s stock worth $210,000 after buying an additional 35,557 shares in the last quarter. 73.66% of the shares are held by hedge funds and other institutional investors.

About KVH Industries

(Get a free report)

KVH Industries, Inc, together with its subsidiaries, is engaged in the design, development, manufacture and marketing of mobile connectivity solutions for the maritime 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 welfare content subscription service delivered via IP-Mobilecast; and OpenNet, a KVH VSAT data delivery service for non-KVH Ku-band VSAT terminals.

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