Brent C. Bruun Sells 3,530 Shares of KVH Industries, Inc. (NASDAQ:KVHI) Stock

KVH Industries, Inc. (NASDAQ:KVHI) CEO Brent C. Bruun sold 3,530 shares of the firm’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $5.81, for a total transaction of $20,509.30. Following the completion of the sale, the chief executive officer now directly owns 183,099 shares of the company’s stock, valued at approximately $1,063,805.19. This represents a 1.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

KVH Industries Price Performance

KVHI stock opened at $5.84 on Friday. KVH Industries, Inc. has a 1 year low of $4.17 and a 1 year high of $6.16. The firm has a 50-day moving average of $5.80 and a 200 day moving average of $5.17. The company has a market cap of $115.63 million, a P/E ratio of -6.02 and a beta of 0.63.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Advisory Services Network LLC purchased a new position in shares of KVH Industries in the 4th quarter valued at approximately $121,000. Squarepoint Ops LLC bought a new position in KVH Industries in the fourth quarter worth $154,000. Kovack Advisors Inc. purchased a new position in KVH Industries during the fourth quarter valued at $197,000. Hsbc Holdings PLC boosted its holdings in shares of KVH Industries by 4.5% during the 4th 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 in the last quarter. Finally, State Street Corp boosted its holdings in shares of KVH Industries by 6.0% during the 3rd quarter. State Street Corp now owns 59,980 shares of the communications equipment provider’s stock valued at $290,000 after buying an additional 3,400 shares in the last quarter. Hedge funds and other institutional investors own 73.66% of the company’s stock.

About KVH Industries

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.