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KVHI KVH Industries Inc
XNAS
7.04
Delayed
Stock quote, options chain, IV rank, technicals, AI analysis, and institutional ownership. Iron condor setups Expected move IV rank history Fibonacci levels Insider trading
Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.
KVHI
$7.04
—
What changed
Recent filings, trades and movesKey stats
$7.04
- 52-Week Range
- $5.09 – $13.00
- YTD
- -0.42%
- IV Rank (30D)
- 39.48
- Straddle Price
- $0.00
- P/C Vol Ratio
- 0.07
- Market Cap
- $0.1B
- Open
- $7.36
- Day Range
- $7.04 – $7.36
- Volume
- 5,314
- Prev Close
- $7.31
Fair Value
MODEL: LONG
A blended fair-value estimate combining up to six valuation methods. Each method is weighted by how well it fits the company — DCF down-weights for unprofitable names; DDM only fires for steady dividend payers; comparables down-weight when peer multiples disagree.
- DCF (quality-aware) — projects free cash flow with a horizon that scales to business quality. True compounders (quality 6/6) get 10 years explicit + 10 years fade before terminal; cyclical/struggling names (quality 0-1) get a 5-year terminal cliff. Quality is scored from ROE, gross margin, growth, FCF margin, debt load, and FCF consistency — the same factors that drive market premium for compounders.
- Market-Implied Growth (in Model Inputs) — reverse-DCF that answers "what growth rate is the market pricing in?". Lets you sanity-check the deviation: if implied growth is plausible for the business, the model's bearish flag may be wrong; if implausible, the market may be over-extrapolating.
- DDM (Gordon Growth Dividend Model) — values the stream of future dividends. Only used when trailing yield ≥ 2% and dividend payments are stable — below that the dividend is a token payout and Gordon (which values only the dividend stream) systematically underprices growth names, so those route to DCF + comparables + market anchor instead.
- P/E, EV/EBITDA, P/B, P/S — applies the peer-group median multiple to this company's per-share metric. Peers come from the same set as the "Related symbols" card. Earnings/sales metrics are forward-tilted by the company's recent revenue growth (capped at 25%) so they're comparable to peers' growth-embedded multiples — mimics how analysts use NTM rather than TTM. Per-multiple weights are biased by company quality (e.g. P/B down-weighted for asset-light tech).
- Market Anchor (SMA50) — the 50-day moving average, weighted by recent trading-range stability (tighter Bollinger bands → higher weight). Captures information fundamentals miss (forward consensus, sentiment, supply/demand) — but only when recent trading is steady enough that the market has converged on a view. During wild breakouts or breakdowns the anchor's weight collapses.
- Options Expected (B-L 30d) — the risk-neutral expected stock price at 30-day options expiration, derived from the full implied-volatility surface via Breeden-Litzenberger (second derivative of call price wrt strike → implied PDF, then E[S_T]). Forward-looking, captures all options-implied information (smile, skew, term structure) in one number. Weighted by chain liquidity. SP500-only at present (pre-computed daily). Backtest evidence: adds modest alpha across most bucket × holding combos.
- Blended value — weighted average. Confidence reflects how many methods fired and how tight peer dispersion is.
- Deviation pill — green when blended FV ≥ 10% above current price (undervalued); red when ≥ 10% below; grey otherwise.
| 10-yr Treasury (rf) | 4.86% |
| Beta vs SPY | 0.62 |
| Cost of Equity (CAPM) | 7.97% (VRP-adj) |
| WACC | 7.96% |
| Volatility Risk Premium | +27.7pp (IV − HV30) |
| Effective Tax Rate | 7.7% |
| Rev. Growth (YoY, DCF input) | +30.0% |
| DCF Horizon | 10 years explicit + fade |
| Forward Tilt (NTM/TTM) | ×1.10 (applied to P/E, EV/EBITDA, P/S) |
| Free Cash Flow (TTM) | $-0.0B |
| Return on Equity (TTM) | 0.4% |
| Book / Price | 89.6% — banking bias active (P/B is primary) |
| Gross Margin (TTM) | 28.1% |
| FCF Margin (TTM) | -4.3% |
| Debt / Equity | 0.00 |
| Quality Score | 2/6 — normal (10y DCF) |
| SMA 50 | $6.94 (Market Anchor value) |
| SMA 20 / Bollinger Mid | $6.82 |
| Bollinger Width / SMA20 | 34.4% (drives anchor stability) |
| Net Debt | $-0.1B |
| Market Cap | $0B |
Peers used for multiples: CMCSA, ECHO, SIRI, VSAT
(filtered from 8 ETF-co-members; sector bias active)
60-Day Conviction
41%
20-Day Fair Value
≈ by Dec 10, 2026
$7.06
α +0.3%
rank 34%
conviction
20%
40-Day Fair Value
≈ by Jan 8, 2027
$7.15
α +1.6%
rank 54%
conviction
54%
60-Day Fair Value
≈ by Feb 8, 2027
$7.15
α +1.5%
rank 57%
conviction
41%
| Method | Implied Price | Weight | Detail |
|---|---|---|---|
| DCF | n/a | 0% | |
| DDM (Gordon) | n/a | 0% | |
| Peer P/E | $0.25 | 18% | median 7.7× · 3 peers |
| Peer EV/EBITDA | $6.55 | 23% | median 8.7× · 4 peers |
| Peer P/B | $8.77 | 30% | median 1.3× · 4 peers |
| Peer P/S | $14.24 | 30% | median 1.8× · 4 peers |
| Market Anchor (SMA50) | $6.94 | 0% | stability 0% (BB-width) |
| Options Expected (B-L 30d) | n/a | 0% |
As of 2026-11-11 · updated
Related
About
- Industry (SIC)
- COMMUNICATIONS SERVICES, NEC (4899) · industry map
- Exchange
- XNAS
- Market Cap
- $0.1B
- Employees
- 290
- List Date
- 1996-04-02
- CIK
- 0001007587
- Last Earnings
- Nov 5 before open · −14.8% vs ±22.9% expected
- Headquarters
- Bristol, RI
- Homepage
- https://www.kvh.com
KVH Industries Inc provides integrated, end-to-end services, software, and hardware that support its customers' need for access to the Internet, VoIP, operations content, and entertainment services. It offers high-speed Internet and Voice over Internet Protocol (VoIP) services via satellite and integrated 5G/LTE cellular communications 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. It operates in several geographic areas,…
Summary
—
composite
—
No summary data available for this symbol yet.
Each spoke is this symbol's rank within its sector (0–100; the dotted ring marks the sector median at 50). Higher is more constructive for a long. One spoke — News sentiment — is an absolute reading, not a sector rank. Grayed spokes have no data. A fuller shape is a summary, not a recommendation.
Chart
Seasonality
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | 9.74% | -1.21% | 1.89% | -9.48% | 9.11% | -5.52% | 0.75% |
| Feb | 0.74% | -1.93% | -0.60% | -1.86% | -2.67% | -7.37% | -2.28% |
| Mar | -11.20% | 8.33% | 15.89% | 8.05% | -8.00% | 45.22% | 9.71% |
| Apr | 4.53% | -15.12% | -11.30% | -5.88% | -1.16% | 1.00% | -4.66% |
| May | 5.77% | -3.83% | -13.91% | 5.93% | 7.13% | 0.43% | 0.25% |
| Jun | -15.52% | 15.69% | 0.11% | -9.00% | 2.90% | 12.36% | 1.09% |
| Jul | -9.58% | 0.94% | -5.83% | 1.83% | -2.22% | 1.09% | -2.29% |
| Aug | -1.86% | 16.95% | -37.94% | -3.06% | 7.24% | -17.56% | -6.04% |
| Sep | -7.23% | -3.66% | -5.20% | 7.57% | -2.27% | 1.44% | -1.56% |
| Oct | 5.56% | 16.38% | -9.83% | -3.54% | 7.37% | 9.12% | 4.18% |
| Nov | -3.57% | 2.71% | 5.51% | 19.78% | 4.72% | -2.90%* | 4.38% |
| Dec | -5.74% | -11.05% | 8.45% | -0.87% | 15.97% | -- | 1.35% |
| Total | -27.57% | 19.85% | -48.71% | 5.92% | 42.25% | 29.75% | 3.58% |
Technical Indicators
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
Trend Indicators
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
Volume & Volatility
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
SMA 20: $6.87
SMA 50: $6.95
SMA 200: $8.10
Current: $7.04
EMA 12: $6.98
EMA 26: $6.95
MACD: 0.0252 | Signal: 0.0112
BULLISH
ADX (14): 22.81
WEAK TREND
+DI: 24.17
−DI: 24.61
Momentum Oscillators
RSI (14): 51.17
NEUTRAL
Stoch %K: 59.93
Stoch %D: 45.77
Williams %R: -44.04
Volume & Volatility
BB Upper: $8.00
BB Lower: $5.74
NEUTRAL
OBV: 1,933,177
Vol SMA 20: 90,355
Vol ROC: -93.59%
ATR: $0.46
True Range: $0.32
HV 20: 84.7%
HV 30: 73.1%
HV 60: 58.2%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-11-12T00:00:00 – 2026-11-10T00:00:00
AI Analysis
Written before KVHI’s Nov 5 earnings report, so it doesn’t reflect the results.
LLM Stock Analysis Report
Executive Summary
Overall Assessment: BULLISH (Confidence Level: 7/10)
Key Drivers:
- Technical indicators suggesting a bullish trend
- Recent news headlines highlighting positive earnings and market developments
Primary Risks:
- Potential correction or consolidation before further upside
- Market volatility could impact overall performance
Investment Thesis: KVHI is poised for continued growth, driven by its strong technical momentum, positive earnings, and favorable market trends. However, caution is advised due to the risk of a potential correction.
Recent News Sentiment Impact: The positive sentiment from recent news headlines has contributed to the stock's upward momentum, with 4 out of 6 headlines having a positive or neutral tone.
Technical Analysis
Trend Direction:
- Short-term (1-4 weeks): Uptrend
- Medium-term (1-3 months): Uptrend
- Long-term (3-12 months): Uptrend
Support/Resistance Levels: The stock is trading above its short-term SMA 20 ($10.35) and EMA 12 ($10.83), providing support for further upside.
Momentum Signals:
- RSI: 64.45 (neutral)
- MACD: Bullish, with a histogram value of 0.46
- Bollinger Bands: Neutral, with the price above the middle band
Volume Analysis: The volume SMA 20 is trending upward, indicating increasing institutional interest.
News & Sentiment Analysis
Recent Headlines Summary:
- Positive earnings call transcript from Q4 2025 (Motley Fool)
- Neutral conference call schedule announcement (GlobeNewswire)
- Positive market size and growth forecasts for VSAT and Maritime Satellite Communication markets
- Positive market trends and developments in the Connected Ship market
Sentiment Assessment: The overall sentiment is positive, with 3 out of 6 headlines having a positive tone.
Catalyst Identification:
- Q2 earnings release (August 7, 2025)
- Upcoming conference calls and product launches
- Regulatory changes and industry trends supporting growth in the VSAT market
Market Narrative: The recent news highlights have aligned with the technical signals, reinforcing the bullish trend. However, caution is advised due to potential divergences between technical and news-driven sentiment.
Risk & Volatility Assessment
Risk Assessment:
- Beta: 0.69 (low risk relative to SPY)
- Alpha: 0.71
- Correlation: 0.16 (low correlation with market)
Volatility Regime: The stock is trading in a low volatility regime, with a historical volatility of HV20 at 77.0%.
Options Market Signals:
- IV Rank: 24.5% (Low - historically high/low)
- Current IV: 84.3%
- Expected Move: $2.23 (23 DTE), 7-DTE: $2.23
Downside Protection: The stock is trading above its short-term SMA 20 and EMA 12, providing support for further upside.
Market Context & Positioning
Sector Performance: KVHI is outperforming the broader market sector.
Institutional Activity: The volume SMA 20 is trending upward, indicating increasing institutional interest.
Correlation Analysis: The stock has a low correlation with the market (0.16), making it more independent of overall market trends.
Relative Valuation: KVHI is trading within its historical range, suggesting fair value.
Key Levels & Action Items
Critical Price Levels:
- Support: SMA 20 ($10.35)
- Resistance: EMA 12 ($10.83)
Breakout/Breakdown Levels:
- Uptrend confirmation: $11.93 (upper Bollinger Band)
- Downtrend confirmation: $8.77 (lower Bollinger Band)
Time-Sensitive Catalysts:
- Q2 earnings release (August 7, 2025)
- Upcoming conference calls and product launches
Risk Management: Consider setting a stop-loss at the SMA 20 ($10.35) or using options to hedge against potential volatility.
Please let me know if you would like me to revise anything or if this meets your requirements!
Generated
News
All KVHI news →
Earnings History
13 of 14 under expected move
Avg Expected Move
24.02%
Avg Actual Move
6.90%
| Earnings Date | Timing | Expected Move | Actual Move | Ratio | Outcome |
|---|---|---|---|---|---|
| 2023-05-04 | Pre-Market | 9.90% | 0.86% | 0.09x | Within |
| 2023-08-09 | Pre-Market | 19.84% | 31.54% | 1.59x | Exceeded |
| 2023-11-09 | Pre-Market | 12.12% | 4.11% | 0.34x | Within |
| 2024-03-15 | Pre-Market | 13.41% | 2.64% | 0.20x | Within |
| 2024-05-06 | Pre-Market | 8.02% | 0.20% | 0.02x | Within |
| 2024-08-01 | Pre-Market | 41.01% | 2.92% | 0.07x | Within |
| 2024-11-07 | Pre-Market | 44.12% | 1.74% | 0.04x | Within |
| 2025-05-07 | After-Close | 20.00% | 0.00% | 0.00x | Within |
| 2025-08-07 | Pre-Market | 28.74% | 2.11% | 0.07x | Within |
| 2025-11-06 | Pre-Market | 31.98% | 6.31% | 0.20x | Within |
| 2026-03-10 | Pre-Market | 32.95% | 11.86% | 0.36x | Within |
| 2026-05-06 | After-Close | 25.02% | 2.76% | 0.11x | Within |
| 2026-08-06 | Pre-Market | 26.23% | 14.71% | 0.56x | Within |
| 2026-11-05 | Pre-Market | 22.92% | 14.81% | 0.65x | Within |
Earnings calendar: this week’s reports with expected vs actual moves →
KVHI Options Activity & IV Rank
KVHI IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 97.8%
7-DTE IV: 100.3%
Expected Move: $0.00
7-DTE Move: $0.00
Days to Exp: 37 (2026-12-18)
Options Flow · All expiries
Call Volume: 1,960
Put Volume: 137
P/C Volume: 0.07
BULLISH
Call OI: 2,453
Put OI: 269
P/C OI: 0.11
Total OI: 2,722
ATM Options Pricing
ATM Call: $0.00
ATM Put: $0.00
Call %: 0.0%
Put %: 0.0%
Chain Summary
Chain Volume: 2,097
Chain OI: 2,722
Last Updated: 11/11/2026
Spread Scanner
Each spread is ranked by a composite score built in three stages. Full documentation →
Stage 1 — Base Score
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
Calendars: the long leg is valued at the short leg’s expiration (Black-Scholes at its current IV) across the range of prices the short leg’s IV implies, giving the best-case profit (R/R = that over the debit) and P(profit).
Stage 2 — Skew Adjustment (±25% cap)
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Scanning bull put, bear call, iron condor and calendar spreads…
Dealer Positioning
TYPICAL γ
Estimated net dealer gamma is at the 78th percentile of this name's own daily history, within its typical range. This describes current positioning; it is not a forecast or a trading signal.
Gamma percentile
78%
vs own history
GEX tilt
+0.77
OI-weighted, today
Vanna tilt
+0.76
δ-sensitivity to IV
Charm tilt
-0.80
δ-decay vs time
Vanna tilt +0.76: the estimated dealer exposure leans positive, so the modeled hedge would shift noticeably if implied volatility changed.
Charm tilt -0.80: the estimated dealer exposure leans negative, so the modeled hedge would shift noticeably as time passes and options approach expiry.
? What is this?
· 6 ATM contracts, 1k total OI
Net dealer gamma is an estimate of the aggregate gamma held by options market makers across this name's option chain, weighted by open interest. Dealer positions aren't public, so it uses a standard simplifying assumption: dealers are treated as long the calls and short the puts that are open. Actual dealer books can differ.
Gamma percentile ranks today's estimate against this name's own daily history, from 0% (the lowest reading on record) to 100% (the highest). Raw gamma scales with how much open interest a chain carries, so it isn't comparable across names; the percentile is. The badge marks the bottom 20% as low and the top 20% as high.
Tilts run from −1 to +1 and show how lopsided the estimated dealer exposure is. GEX tilt compares call gamma with put gamma. Vanna tilt describes how the hedge would shift if implied volatility changed, and charm tilt how it would shift with the passage of time.
This card describes estimated positioning and where it sits historically. It is not a forecast of price direction or volatility and not a trading signal. Market-wide view: Dealer positioning screener.
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Wing vs ATM
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together
Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d
—
—
pts
EXTREME
as of Nov 10 · No data
30 DTE / 10d
—
—
pts
EXTREME
as of Nov 10 · No data
Extreme reading.
Historically these have been contrarian — on the small set of observed earnings-day cases, large negative wing-vs-ATM gaps (calls pricing much richer than puts at the same delta) preceded sharp drops in the underlying within 1-12 days. Not financial advice and the dataset is small.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Volatility Surface
Loading the implied volatility surface…
Volatility Smile
Loading the implied volatility smile…
IV Rank (7 DTE)14.5LowNov 11
IV Rank (30 DTE)39.5MediumNov 11
Straddle Price (30 DTE)$0.00Nov 11
Beta Analysis
Risk Metrics
Beta: 1.4495
Alpha: 28.35%
Correlation: 0.3209
R-Squared: 10.3%
Stock Volatility: 61.9%
Market Volatility: 13.7%
Analysis Details
Benchmark: SPY
Data Points: 251
Period: 252 trading days
Data Points: 251
Period: 252 trading days
Interpretation:
High volatility - stock moves more than market
High volatility - stock moves more than market
Beta & Alpha Over Time
Notable investors who own KVHI
2 of 37 tracked investors
| Investor | Value | Share of their portfolio | Rank | Q/Q shares | Source |
|---|---|---|---|---|---|
| Renaissance Technologies Hedge fund Jim Simons | $2.8M | #1782 of 3138 | -17.8% | 13F | |
| Citadel Hedge fund Ken Griffin | $218K | #5398 of 6285 | -22.6% | 13F |
Hedge funds, activists, holding companies and family offices we track, from their latest 13F (quarter-end value) and Form 4 filings in the last 3 years. Family offices · all institutions
KVHI Institutional Ownership (13F)
Filings for 2026-06-30 · 24 already for 2026-09-30
? 13F Guide
Diluted shares outstanding: 19,160,500 (as of 2026-09-30)
Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.
- Shares — long equity positions in this name, aggregated across share classes.
- Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
- % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
- Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.
Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.
1 filers$703 notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Simplex Trading, LLC Custodian | $703 | 100.00% | 2026-09-30 |
1 filers$198.20K notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Citadel Advisors LLC Custodian | $198.20K | 100.00% | 2026-06-30 |
KVHI Insider Trading (Form 4)
Latest: 2026-10-13Form 4 filings — insider beneficial-ownership changes by officers, directors, and 10%+ holders. Filed within 2 business days of transaction.
| Filed | Reporter | Role | Action | Shares | Avg Price | Net $ | Link |
|---|---|---|---|---|---|---|---|
| 2026-10-13 | Brent C Bruun | CEO | Sell (S) | −662 | $6.54 | -$4.3K | EDGAR |
| 2026-08-24 | Joseph Anthony Spytek | Director | Other (J) | +12,548 | — | EDGAR | |
| 2026-08-24 | David Tolley | Director | Other (J) | +13,499 | — | EDGAR | |
| 2026-08-24 | Black Diamond Capital Management I, LLLP | 10%+ Owner | Award (A) | +9,506 | — | EDGAR | |
| 2026-08-24 | David B. Kagan | Director | Other (J) | +13,055 | — | EDGAR | |
| 2026-06-12 | Brent C Bruun | CEO | Sell (S) | −2,230 | $7.60 | -$16.9K | EDGAR |
| 2026-06-12 | Felise Feingold | SVP General Counsel | Sell (S) | −1,862 | $7.60 | -$14.1K | EDGAR |
| 2026-05-29 | Radoff Family Foundation | Sell (S) | −35,000 | $11.20 | -$392.0K | EDGAR | |
| 2026-03-12 | Felise Feingold | SVP General Counsel | Sell (S) | −1,594 | $6.64 | -$10.6K | EDGAR |
| 2026-03-12 | Brent C Bruun | CEO | Sell (S) | −2,049 | $6.64 | -$13.6K | EDGAR |
| 2026-03-09 | Anthony Pike | CFO | Other (J) | — | — | EDGAR | |
| 2026-03-09 | Brent C Bruun | CEO | Other (J) | — | — | EDGAR | |
| 2026-03-09 | Felise Feingold | SVP General Counsel | Other (J) | — | — | EDGAR | |
| 2026-02-19 | Brent C Bruun | CEO | Sell (S) | −3,537 | $6.38 | -$22.6K | EDGAR |
| 2026-02-19 | Felise Feingold | SVP General Counsel | Sell (S) | −1,715 | $6.38 | -$10.9K | EDGAR |
Codes: P = open-market purchase · S = open-market sale · A = grant/award · M = option exercise · F = tax withholding at vest · G = bona-fide gift · D = disposition to issuer · J = other (described in filing footnote — typically 401(k), trust, inheritance) · W = will/inheritance. Only P / S codes carry directional signal.
KVHI Insider Holdings
10 insiders · @ $7.04
Officers, directors, and 10%+ owners who have filed a Form 4 in the past two years, ranked by current disclosed exposure (shares × today's price). Shares are direct + indirect (via trusts / LLCs / spouse). Excludes unvested RSU and option grants — those aren't beneficially owned until vest.
| # | Insider | Role | Shares | Disclosed Exposure | Lifetime OM Net | Filings | Last Filed |
|---|---|---|---|---|---|---|---|
| 1 | Black Diamond Capital Management I, LLLP | 10%+ Owner | 3,518,330 | $24.77M | $424.7K | 2 | 2026-08-24 |
| 2 | Stephen H Deckoff | Director | 3,438,206 | $24.20M | $298.8K | 4 | 2025-12-02 |
| 3 | Bradley Louis Radoff | 10%+ Owner | 2,505,000 | $17.64M | $1.97M | 3 | 2026-02-12 |
| 4 | Radoff Family Foundation | 2,494,059 | $17.56M | $125.5K | 3 | 2026-05-29 | |
| 5 | Brent C Bruun | CEO | 166,732 | $1.17M | -$5.09M | 89 | 2026-10-13 |
| 6 | David Tolley | Director | 76,234 | $536.7K | $0 | 5 | 2026-08-24 |
| 7 | David B. Kagan | Director | 73,447 | $517.1K | $0 | 5 | 2026-08-24 |
| 8 | Felise Feingold | SVP General Counsel | 67,792 | $477.3K | -$2.25M | 84 | 2026-06-12 |
| 9 | Joseph Anthony Spytek | Director | 30,548 | $215.1K | $0 | 2 | 2026-08-24 |
| 10 | Anthony Pike | CFO | 18,200 | $128.1K | $0 | 2 | 2026-03-09 |
Lifetime OM Net = signed sum of open-market buys (P) and sells (S) over their career; excludes grants, tax withholdings, and dispositions to issuer. A large negative number is normal for long-tenured executives — they've sold compensation grants over many years.
KVHI Board & Officers
As of SEC filings through Oct 13, 2026Directors 5
- David Tolley · since Jun 15, 2022
- David B. Kagan · since Jun 21, 2022
- Brent C Bruun · listed since Oct 2022
- Stephen H Deckoff · listed since Aug 2023
- Joseph Anthony Spytek · on file since Aug 2025
Officers 3
- Brent C Bruun · CEO · listed since Aug 2022
- Anthony Pike · CFO · on file since Feb 2025
- Felise Feingold · SVP General Counsel · listed since Jul 2019
10% owners 3
- Black Diamond Capital Management I, LLLP (entity) · on file since Dec 2025
- Bradley Louis Radoff · since Aug 1, 2024
- Stephen H Deckoff · since Aug 19, 2022
Changes in the last 10 years (49)
| Dec 2, 2025 | Black Diamond Capital Management I, LLLP first on file as a 10% owner |
| Aug 28, 2025 | Joseph Anthony Spytek first on file as a director |
| Feb 13, 2025 | Anthony Pike first on file as CFO |
| Aug 1, 2024 | Bradley Louis Radoff became a 10% owner |
| Jan 22, 2024 | Robert J Balog listed as COO (previously CTO) in SEC filings |
| Aug 10, 2023 | Stephen H Deckoff first listed as a director in an SEC filing |
| Jan 13, 2023 | Needham Group, Inc. reported in an SEC filing no longer being a 10% owner |
| Jan 13, 2023 | George A Needham reported in an SEC filing no longer being a 10% owner |
| Dec 14, 2022 | The company announced the departure of Jennifer Louise Baker as VP/Chief Accounting Officer in an SEC filing |
| Oct 13, 2022 | Brent C Bruun first listed as a director in an SEC filing |
| Aug 19, 2022 | Stephen H Deckoff became a 10% owner |
| Aug 19, 2022 | Black Diamond Capital Management, L.l.c. became a 10% owner |
| Aug 5, 2022 | Brent C Bruun listed as CEO (previously Interim CEO) in SEC filings |
| Jun 21, 2022 | David B. Kagan became a director |
| Jun 15, 2022 | David Tolley became a director |
| May 25, 2022 | Needham Group, Inc. became a 10% owner |
| May 25, 2022 | George A Needham became a 10% owner |
| May 4, 2022 | The company announced the departure of Danelle Marie Barrett from the board in an SEC filing |
| Mar 15, 2022 | Brent C Bruun listed as Interim CEO (previously COO) in SEC filings |
| Jan 31, 2022 | The company announced the departure of Robert Tavares from the board in an SEC filing |
| Aug 3, 2021 | Cielo Hernandez became a director |
| Aug 3, 2021 | Cathy-Ann Martine-Dolecki became a director |
| Mar 24, 2021 | Brent C Bruun listed as COO (previously Coo/cfo) in SEC filings |
| Mar 8, 2021 | Roger Kuebel became CFO |
| Jan 21, 2021 | Brent C Bruun listed as Coo/cfo (previously Chief Operating Officer) in SEC filings |
| Jun 10, 2020 | Danelle Marie Barrett became a director |
| Apr 8, 2020 | Robert Tavares became a director |
| Jan 6, 2020 | Van Heyningen Martin Kits listed as CEO/Chairman BOD (previously President/CEO/Chairman) in SEC filings |
| Jan 6, 2020 | Jennifer Louise Baker listed as VP/Chief Accounting Officer (previously VP & Chief Acct Officer) in SEC filings |
| Jul 2, 2019 | Felise Feingold listed as SVP General Counsel (previously VP/General Counsel) in SEC filings |
| Feb 15, 2019 | Elizabeth Jackson listed as Chief Marketing Officer (previously Chief Marketing Officer/SVP) in SEC filings |
| Feb 4, 2019 | Robert J Balog listed as CTO (previously Senior VP Engineering) in SEC filings |
| Jan 16, 2019 | Van Heyningen Martin Kits first listed as a director in an SEC filing |
| Jan 16, 2019 | Van Heyningen Martin Kits first listed as President/CEO/Chairman in an SEC filing |
| Jan 11, 2019 | Jennifer Louise Baker listed as VP & Chief Acct Officer (previously Chief Accounting Officer) in SEC filings |
| Nov 19, 2018 | Mark Woodhead became EVP Mobile Connectivity |
| Apr 11, 2018 | Daniel R Conway listed as EVP, Inertial Navigation (previously VP, Business Development) in SEC filings |
| Feb 26, 2018 | Van Heyningen Martin Kits reported in an SEC filing no longer being a director |
| Feb 26, 2018 | Van Heyningen Martin Kits reported in an SEC filing no longer being CEO/Chairman BOD |
| Feb 26, 2018 | Robert J Balog listed as Senior VP Engineering (previously SVP Engineering) in SEC filings |
| Feb 26, 2018 | Daniel R Conway listed as VP, Business Development (previously EVP Inertial Navigation) in SEC filings |
| Nov 20, 2017 | Elizabeth Jackson became Chief Marketing Officer/SVP |
| Oct 27, 2017 | Jennifer Louise Baker listed as Chief Accounting Officer (previously Chief Acct Officer/Controller) in SEC filings |
| Oct 18, 2017 | Robert J Balog listed as SVP Engineering (previously Senior VP Engineering) in SEC filings |
| Jun 9, 2017 | James S Dodez first listed as a director in an SEC filing |
| May 25, 2017 | Jennifer Louise Baker became Chief Acct Officer/Controller |
| Mar 13, 2017 | Daniel R Conway listed as EVP Inertial Navigation (previously EVP G&S Group) in SEC filings |
| Dec 19, 2016 | Donald W. Reilly became CFO |
| Dec 15, 2016 | Brent C Bruun listed as Chief Operating Officer (previously EVP MBB Group) in SEC filings |
Not reported recently (16)
- Charles Robert Trimble · Last reported as a director in an SEC filing dated Feb 13, 2025
- Black Diamond Capital Management, L.l.c. · Last reported as a 10% owner in an SEC filing dated Dec 18, 2024
- Robert J Balog · Last reported as COO in an SEC filing dated Apr 4, 2024
- Roger Kuebel · Last reported as CFO in an SEC filing dated Mar 13, 2024
- Cathy-Ann Martine-Dolecki · Last reported as a director in an SEC filing dated Jan 22, 2024
- Cielo Hernandez · Last reported as a director in an SEC filing dated Jan 22, 2024
- James S Dodez · Last reported as a director in an SEC filing dated Jan 31, 2023
- Daniel R Conway · Last reported as EVP, Inertial Navigation in an SEC filing dated Jun 10, 2022
- Elizabeth Jackson · Last reported as Chief Marketing Officer in an SEC filing dated Feb 16, 2022
- Van Heyningen Martin Kits · Last reported as a director in an SEC filing dated Feb 11, 2022
- Mark Woodhead · Last reported as EVP Mobile Connectivity in an SEC filing dated Jun 9, 2021
- Stanley K Honey · Last reported as a director in an SEC filing dated Jan 26, 2021
- Mark Ain · Last reported as a director in an SEC filing dated Jan 26, 2021
- Donald W. Reilly · Last reported as CFO in an SEC filing dated Jan 26, 2021
- Bruce J Ryan · Last reported as a director in an SEC filing dated Jan 6, 2020
- Van Heyningen Robert Wb Kits · Last reported as a director in an SEC filing dated Mar 19, 2018
Compiled from SEC filings by the company and its directors and officers. Dates are as stated in those filings. Where no filing says when someone left, we show the last filing that listed them.
Recent SEC Filings
Latest: 2026-11-05
Current reports — material events the company must disclose within 4 business days (earnings releases, M&A, executive changes, etc.).
Annual report — audited financial statements, MD&A, risk factors. Filed 60–90 days after fiscal year-end.
| Filing Date | Accession | Link |
|---|
ETF Holders
28 ETFs hold KVHI
25 shown · $13.35M total exposure · 0.00% AUM-weighted avg weight
| # | ETF | Provider | Weight | $ Exposure | ETF AUM | As Of |
|---|---|---|---|---|---|---|
| 1 | VTI Vanguard Morningstar Total Stock Market ETF | Vanguard | 0.00% | $2.6M | — | 2026-09-30 |
| 2 | IWM iShares Russell 2000 ETF | iShares (BlackRock) | 0.00% | $2.2M | $77.8B | 2026-11-09 |
| 3 | NASA Tema Space Innovators ETF | Nport | 0.13% | $1.4M | — | 2026-08-31 |
| 4 | DFAS Dimensional US Small Cap ETF | Dimensional | 0.00% | $1.2M | — | 2026-11-09 |
| 5 | VXF Vanguard Extended Market ETF | Vanguard | 0.00% | $1.1M | — | 2026-09-30 |
| 6 | IWN iShares Russell 2000 Value ETF | iShares (BlackRock) | 0.01% | $799,190 | $14.1B | 2026-11-09 |
| 7 | DFAC Dimensional US Core Equity 2 ETF | Dimensional | 0.00% | $614,817 | — | 2026-11-09 |
| 8 | DFSV Dimensional US Small Cap Value ETF | Dimensional | 0.00% | $603,568 | — | 2026-11-09 |
| 9 | UFO Procure Space ETF | Nport | 0.09% | $534,802 | — | 2026-07-31 |
| 10 | VTWO Vanguard Russell 2000 ETF | Vanguard | 0.00% | $507,229 | — | 2026-09-30 |
| 11 | DFMC Dimensional US Micro Cap ETF | Dimensional | 0.01% | $501,473 | — | 2026-11-09 |
| 12 | BSVO EA Bridgeway Omni Small-Cap Value ETF | Nport | 0.01% | $334,879 | — | 2026-06-30 |
| 13 | IWC iShares Micro-Cap ETF | iShares (BlackRock) | 0.02% | $265,657 | $1.2B | 2026-11-09 |
| 14 | DCOR Dimensional US Core Equity 1 ETF | Dimensional | 0.00% | $154,021 | — | 2026-11-09 |
| 15 | QQQS Invesco NASDAQ Future Gen 200 ETF | Invesco | 0.52% | $109,032 | — | 2026-11-09 |
| 16 | AVSC Avantis U.S. Small Cap Equity ETF | Avantis | 0.00% | $104,391 | $3.2B | 2026-11-09 |
| 17 | VTWV Vanguard Russell 2000 Value ETF | Vanguard | 0.01% | $80,578 | — | 2026-09-30 |
| 18 | DXUV Dimensional US Vector Equity ETF | Dimensional | 0.00% | $67,886 | — | 2026-11-09 |
| 19 | RSSL Global X Russell 2000 ETF | Global X | 0.00% | $44,226 | — | 2026-11-10 |
| 20 | OMFS Invesco Russell 2000 Dynamic Multifactor ETF | Invesco | 0.01% | $25,746 | — | 2026-11-09 |
| 21 | DFSU Dimensional US Sustainability Core 1 ETF | Dimensional | 0.00% | $18,984 | $2.4B | 2026-11-09 |
| 22 | DFUS Dimensional US Equity Market ETF | Dimensional | 0.00% | $14,000 | $21.4B | 2026-11-09 |
| 23 | VTHR Vanguard Russell 3000 ETF | Vanguard | 0.00% | $11,311 | — | 2026-09-30 |
| 24 | ITWO ProShares Russell 2000 High Income ETF | ProShares | 0.00% | $5,080 | — | 2026-11-10 |
| 25 | URTY ProShares UltraPro Russell2000 | ProShares | 0.00% | $3,794 | — | 2026-11-10 |
Fundamentals
Quarterly filings sourced from SEC 10-Q / 10-K reports. TTM tiles aggregate the most recent four quarters; bars show the last ~12 quarters oldest → newest.
Metrics
- Revenue — top-line sales. Look for consistent YoY growth; seasonal businesses need same-quarter comparisons (Q4 '24 vs Q4 '23).
- Net Income — bottom-line profit after all expenses. Can be volatile from one-time items; red bars = net loss.
- Diluted EPS — net income per share assuming options/converts are exercised. Direct input to the P/E ratio.
- Operating Cash Flow — cash generated from core operations, before capex and financing. Harder to manipulate than net income; growing OCF is a quality signal.
How to read the bars
- Sequential growth — quarter-over-quarter trend. Accelerating bars are a momentum signal.
- YoY growth — compare to the same quarter a year earlier to remove seasonality.
- Quality — OCF should roughly track Net Income over time. Large divergence (net income ≫ OCF) flags accruals risk.
- Margins — scan the bar ratios: Net Income / Revenue tells you margin trend without needing a separate chart.
TTM (trailing-twelve-month) smooths seasonality and is used for the P/E calculation. Filings appear 30–90 days after the period closes.
Trailing P/E
234.67
TTM Diluted EPS
$0.03
TTM Revenue
$135.01M
TTM Net Income
$481.00K
TTM Op. Cash Flow
$1.85M
Quarterly figures (12 quarters)
| Quarter | Period End | Revenue | Net Income | Diluted EPS | Op. Cash Flow |
|---|---|---|---|---|---|
| Q3 '26 | 2026-09-30 | $38.45M | $-601.00K | $-0.03 | $4.84M |
| Q1 '26 | 2026-03-31 | $32.32M | $588.00K | $0.03 | $-8.26M |
| Q4 '25 | 2025-12-31 | $30.52M | $331.00K | $0.02 | $3.39M |
| Q3 '25 | 2025-09-30 | $28.45M | $-6.93M | $-0.36 | $9.90M |
| Q2 '25 | 2025-06-30 | $26.62M | $930.00K | $0.05 | $5.10M |
| Q1 '25 | 2025-03-31 | $25.41M | $-1.71M | $-0.09 | $-1.28M |
| Q4 '24 | 2024-12-31 | $26.92M | $-4.31M | $-0.22 | $403.00K |
| Q3 '24 | 2024-09-30 | $28.97M | $-1.20M | $-0.06 | $1.88M |
| Q2 '24 | 2024-06-30 | $28.67M | $-2.38M | $-0.12 | $-14.66M |
| Q1 '24 | 2024-03-31 | $29.27M | $-3.16M | $-0.16 | $-792.00K |
| Q4 '23 | 2023-12-31 | $31.45M | $-12.19M | $-0.64 | $5.21M |
| Q3 '23 | 2023-09-30 | $33.20M | $-4.37M | $-0.23 | $508.00K |
Q3 2026 • period ending 2026-09-30 • filed 2026-11-05
Valuation
Ratios derived from TTM financials and the current market price, sampled daily. History chart shows how expensive the stock is today relative to its own recent past.
Price Multiples
- P/E — price / TTM earnings. Rough market rule: 10–15 value, 15–25 market, >30 growth/premium. Negative when earnings are negative.
- P/B — price / book value. Useful for financials and asset-heavy names; meaningless for asset-light software.
- P/S — price / TTM revenue. Useful when earnings are negative or noisy (early-stage growth).
- EV/EBITDA — capital-structure-neutral. <10 cheap, 10–15 reasonable, >20 rich. Good for comparing across leverage profiles.
- EV/Sales — like P/S but accounts for debt + cash. Compare within sector.
Profitability & Yields
- ROE — return on equity. >15% strong, >25% exceptional. Caution: high leverage inflates ROE.
- ROA — return on assets. Leverage-neutral; >5% solid, >10% exceptional.
- Div Yield — annual dividend / price. Compare to 10Y Treasury; sustained yield >6% often signals distress.
- FCF Yield — free cash flow / market cap. >5% is attractive; negative means burning cash.
Balance Sheet
- Debt/Equity — leverage. <1 conservative, >2 aggressive. Sector-dependent (utilities naturally high, tech low).
- Current Ratio — short-term liquidity. >1.5 comfortable, <1 raises short-term solvency flags.
Reading the history chart
- Compare current level to the 3-year band: near the high end = relatively expensive; near the low = relatively cheap.
- Multiples expanding while earnings are flat = sentiment-driven rally.
- Multiples compressing while earnings grow = value coming from fundamentals.
P/E
234.67
P/B
1.04
P/S
1.16
EV/EBITDA
62.78
EV/Sales
0.66
ROE
-3.9%
ROA
-3.3%
Div Yield
0.00%
FCF Yield
7.41%
Debt/Equity
0.00
Current Ratio
—
Market Cap
$136.62M
as of 2026-11-11
KVHI vs Peers
Related companies, largest first| Company | Market cap | P/E | Revenue growth | YTD | IV rank |
|---|---|---|---|---|---|
| CMCSA Comcast Corp | $87.0B | 7.7 | −0.2% | −17.2% | 81 |
| RKLB Rocket Lab Corporation Common Stock | $37.6B | — | +45.8% | −12.4% | 28 |
| ECHO EchoStar Corporation | $29.4B | 3.8 | — | +4.5% | 88 |
| GSAT Globalstar, Inc. Common Stock | $11.1B | — | +5.9% | +35.5% | 6 |
| ASTS AST SpaceMobile, Inc. Class A Common Sto | $11.1B | — | +2256.9% | −57.1% | 48 |
| SIRI Sirius XM Holdings, Inc | $11.0B | 12.9 | +0.5% | +55.7% | 9 |
| VSAT Viasat Inc | $10.4B | — | +2.7% | +106.3% | 58 |
| IRDM Iridium Communications Inc. | $4.8B | 31.4 | +3.6% | +165.6% | 23 |
| KVHI KVH Industries Inc | $127M | 234.7 | +25.7% | −0.4% | 39 |
| Peer median | $11.1B | 10.3 | +3.6% | +20.0% | 38 |
P/E uses the latest reported trailing-12-month diluted EPS; "—" means no positive earnings or no data.
Short Interest & Float
Regulatory short-interest reports publish on a bi-weekly settlement cadence; short-volume is reported daily by the trade-reporting facilities. Float is derived from insider-ownership filings.
Metric definitions
- Short Interest — total shares currently sold short as of the settlement date. Lags real time by ~8 business days.
- SI % of Float — short interest / free float. The key crowding metric.
- Days to Cover — short interest / avg daily volume. How many full trading days it would take shorts to buy back. High DTC + catalyst = squeeze fuel.
- Short Vol Ratio — today's short-sale volume / total volume. Intraday selling pressure proxy (not the same as short interest).
- Free Float — shares available for public trading (total shares minus insider / restricted).
- Float % — free float / shares outstanding. <50% = tightly held, more prone to squeezes.
How to read the signals
- SI % of Float < 5% — typical, no particular signal.
- 5–15% — elevated; watch for catalysts (earnings, guidance, macro).
- 15–30% — heavily shorted; tight-float names in this range have produced notable squeezes historically.
- >30% — extreme; borrow is likely expensive and squeeze risk is material.
- Days to Cover > 5 combined with high SI% amplifies squeeze potential.
History chart
- Trend matters more than level. Rapidly rising short interest often precedes negative catalysts or heavy hedging.
- A sudden drop in SI after a rally may indicate a squeeze in progress.
Short interest is reported mid-month and end-of-month; short volume is daily.
Short Interest
924.38K
SI % of Float
8.61%
Days to Cover
10.66
Short Vol Ratio
29.9%
Free Float
10.74M
Float %
59.2%
Short interest 2026-10-15 • Short volume 2026-11-10 • Float 2026-10-13