Short Interest in KVH Industries, Inc. (NASDAQ:KVHI) Decreases By 11.8%

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KVH Industries, Inc. (NASDAQ:KVHI) was the recipient of a large decrease in short interest during the month of December. As of December 31st, there was short interest totalling 88,600 shares, a decrease of 11.8% from the December 15th total of 100,400 shares. Approximately 0.6% of the company’s stock are short sold. Based on an average daily volume of 34,500 shares, the days-to-cover ratio is currently 2.6 days.

A number of equities research analysts recently weighed in on KVHI shares. Zacks Investment Research upgraded KVH Industries from a “sell” rating to a “hold” rating in a research note on Wednesday, October 16th. Needham & Company LLC restated a “buy” rating and set a $13.00 price objective on shares of KVH Industries in a research note on Monday, November 18th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $14.00.

In related news, CMO Elizabeth Jackson sold 2,297 shares of the company’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $11.36, for a total transaction of $26,093.92. Following the completion of the sale, the chief marketing officer now directly owns 30,938 shares in the company, valued at approximately $351,455.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Mark Woodhead sold 5,486 shares of the company’s stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $11.45, for a total value of $62,814.70. Following the sale, the executive vice president now owns 51,508 shares of the company’s stock, valued at $589,766.60. The disclosure for this sale can be found here. Insiders have sold a total of 11,413 shares of company stock valued at $128,657 over the last 90 days. 11.30% of the stock is currently owned by company insiders.

A number of large investors have recently made changes to their positions in the stock. Phoenix Holdings Ltd. acquired a new position in KVH Industries during the 3rd quarter valued at about $621,000. Rhumbline Advisers increased its position in KVH Industries by 8.2% during the 3rd quarter. Rhumbline Advisers now owns 25,422 shares of the communications equipment provider’s stock valued at $271,000 after buying an additional 1,935 shares in the last quarter. Moors & Cabot Inc. increased its position in KVH Industries by 1.6% during the 3rd quarter. Moors & Cabot Inc. now owns 96,968 shares of the communications equipment provider’s stock valued at $1,033,000 after buying an additional 1,500 shares in the last quarter. Brinker Capital Inc. increased its position in KVH Industries by 9.4% during the 3rd quarter. Brinker Capital Inc. now owns 74,029 shares of the communications equipment provider’s stock valued at $788,000 after buying an additional 6,336 shares in the last quarter. Finally, Needham Investment Management LLC increased its position in KVH Industries by 6.1% during the 2nd quarter. Needham Investment Management LLC now owns 1,065,998 shares of the communications equipment provider’s stock valued at $11,587,000 after buying an additional 61,000 shares in the last quarter. 57.68% of the stock is currently owned by institutional investors.

NASDAQ:KVHI traded up $0.09 during mid-day trading on Tuesday, hitting $10.95. 28,196 shares of the company’s stock traded hands, compared to its average volume of 28,060. The company has a fifty day moving average of $11.25 and a 200 day moving average of $10.35. KVH Industries has a twelve month low of $8.64 and a twelve month high of $11.89. The company has a market capitalization of $199.24 million, a P/E ratio of -91.25 and a beta of 0.93. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.16 and a current ratio of 2.77.

KVH Industries (NASDAQ:KVHI) last announced its earnings results on Wednesday, October 30th. The communications equipment provider reported ($0.12) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.09) by ($0.03). KVH Industries had a net margin of 21.47% and a negative return on equity of 7.81%. The business had revenue of $39.31 million for the quarter, compared to analyst estimates of $40.28 million. On average, research analysts expect that KVH Industries will post -0.63 earnings per share for the current fiscal year.

KVH Industries Company Profile

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; 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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