KVH Industries, Inc. (NASDAQ:KVHI) Earns “Buy” Rating from Needham & Company LLC

KVH Industries, Inc. (NASDAQ:KVHI)‘s stock had its “buy” rating restated by stock analysts at Needham & Company LLC in a research report issued on Friday, November 3rd.

Separately, Zacks Investment Research cut KVH Industries from a “buy” rating to a “hold” rating in a research report on Friday, October 27th.

KVH Industries (NASDAQ KVHI) traded down $0.25 during trading on Friday, hitting $10.90. The stock had a trading volume of 12,900 shares, compared to its average volume of 67,034. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.30 and a quick ratio of 1.80. KVH Industries has a 1-year low of $7.65 and a 1-year high of $12.75.

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A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Parametric Portfolio Associates LLC lifted its stake in KVH Industries by 0.8% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 20,669 shares of the communications equipment provider’s stock worth $196,000 after acquiring an additional 165 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in KVH Industries by 1.9% during the 2nd quarter. PNC Financial Services Group Inc. now owns 22,000 shares of the communications equipment provider’s stock worth $210,000 after purchasing an additional 400 shares during the period. Bank of New York Mellon Corp increased its holdings in KVH Industries by 0.6% during the 1st quarter. Bank of New York Mellon Corp now owns 124,423 shares of the communications equipment provider’s stock worth $1,046,000 after purchasing an additional 774 shares during the period. Russell Investments Group Ltd. increased its holdings in KVH Industries by 26.6% during the 1st quarter. Russell Investments Group Ltd. now owns 13,311 shares of the communications equipment provider’s stock worth $112,000 after purchasing an additional 2,800 shares during the period. Finally, Teachers Advisors LLC increased its holdings in KVH Industries by 14.0% during the 2nd quarter. Teachers Advisors LLC now owns 26,203 shares of the communications equipment provider’s stock worth $249,000 after purchasing an additional 3,227 shares during the period. 60.73% of the stock is currently owned by hedge funds and other institutional investors.

KVH Industries Company Profile

KVH Industries, Inc is a manufacturer of solutions that provide high-speed Internet, television and voice services through satellite to mobile users at sea and on land. The Company also provides commercially licensed entertainment, including news, sports, music and movies, to commercial and leisure customers in the maritime, hotel and retail markets.

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