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 dated Wednesday, February 19th. The shares were sold at an average price of $5.81, for a total transaction of $20,509.30. Following the completion of the transaction, the chief executive officer now owns 183,099 shares in the company, valued at approximately $1,063,805.19. This trade represents a 1.89 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

KVH Industries Price Performance

NASDAQ:KVHI opened at $5.84 on Friday. The firm has a market cap of $115.63 million, a PE ratio of -6.02 and a beta of 0.63. The firm has a 50 day simple moving average of $5.80 and a 200-day simple moving average of $5.18. KVH Industries, Inc. has a 1-year low of $4.17 and a 1-year high of $6.16.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Black Diamond Capital Management L.L.C. boosted its holdings in shares of KVH Industries by 0.8% during the fourth quarter. Black Diamond Capital Management L.L.C. now owns 3,384,054 shares of the communications equipment provider’s stock worth $19,289,000 after purchasing an additional 26,656 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in KVH Industries by 2.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 840,622 shares of the communications equipment provider’s stock worth $4,791,000 after buying an additional 18,448 shares during the period. Peapod Lane Capital LLC purchased a new position in KVH Industries during the fourth quarter worth about $1,909,000. Renaissance Technologies LLC boosted its stake in KVH Industries by 23.8% in the 4th quarter. Renaissance Technologies LLC now owns 249,915 shares of the communications equipment provider’s stock worth $1,425,000 after buying an additional 48,002 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in KVH Industries by 5.3% in the 4th quarter. Geode Capital Management LLC now owns 147,176 shares of the communications equipment provider’s stock worth $839,000 after buying an additional 7,466 shares during the last quarter. 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.