KVH Industries, Inc. (NASDAQ:KVHI) Major Shareholder Acquires $81,720.33 in Stock

KVH Industries, Inc. (NASDAQ:KVHI) major shareholder Bradley Louis Radoff bought 17,499 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were purchased at an average cost of $4.67 per share, with a total value of $81,720.33. Following the acquisition, the insider now directly owns 2,077,499 shares of the company’s stock, valued at approximately $9,701,920.33. This represents a 0.85 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Bradley Louis Radoff also recently made the following trade(s):

• On Wednesday, September 4th, Bradley Louis Radoff purchased 30,088 shares of KVH Industries stock. The shares were acquired at an average cost of $4.63 per share, for a total transaction of $139,307.44.

KVH Industries Stock Up 2.4 %

NASDAQ KVHI opened at $5.11 on Friday. The firm has a 50-day moving average price of $4.72 and a two-hundred day moving average price of $4.73. KVH Industries, Inc. has a 12-month low of $4.17 and a 12-month high of $5.49. The company has a market capitalization of $101.18 million, a P/E ratio of -5.20 and a beta of 0.60.

Institutional Investors Weigh In On KVH Industries

Institutional investors have recently made changes to their positions in the stock. Renaissance Technologies LLC raised its stake in KVH Industries by 38.8% in the second quarter. Renaissance Technologies LLC now owns 177,400 shares of the communications equipment provider’s stock valued at $825,000 after purchasing an additional 49,600 shares in the last quarter. Acuitas Investments LLC increased its holdings in KVH Industries by 19.1% in the 2nd quarter. Acuitas Investments LLC now owns 266,055 shares of the communications equipment provider’s stock valued at $1,237,000 after buying an additional 42,613 shares during the period. BNP Paribas Financial Markets raised its position in shares of KVH Industries by 637.6% in the 1st quarter. BNP Paribas Financial Markets now owns 41,134 shares of the communications equipment provider’s stock valued at $210,000 after buying an additional 35,557 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of KVH Industries during the 2nd quarter worth approximately $130,000. Finally, Marshall Wace LLP acquired a new stake in shares of KVH Industries during the 2nd quarter worth approximately $75,000. 73.66% of the stock is currently owned by institutional investors.

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.