Insider Buying: KVH Industries, Inc. (NASDAQ:KVHI) Major Shareholder Buys 17,499 Shares of Stock

KVH Industries, Inc. (NASDAQ:KVHI) major shareholder Bradley Louis Radoff acquired 17,499 shares of KVH Industries stock in a transaction dated Monday, November 11th. The stock was bought at an average price of $4.67 per share, for a total transaction of $81,720.33. Following the completion of the purchase, the insider now owns 2,077,499 shares of the company’s stock, valued at approximately $9,701,920.33. This represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Major shareholders that own at least 10% of a company’s shares 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 stock was bought at an average cost of $4.63 per share, for a total transaction of $139,307.44.

KVH Industries Trading Up 2.3 %

NASDAQ:KVHI traded up $0.11 during trading hours on Wednesday, hitting $4.86. The company’s stock had a trading volume of 29,858 shares, compared to its average volume of 82,244. KVH Industries, Inc. has a 52-week low of $4.17 and a 52-week high of $5.49. The stock has a market capitalization of $96.23 million, a P/E ratio of -5.01 and a beta of 0.60. The stock has a fifty day moving average of $4.71 and a 200-day moving average of $4.73.

Institutional Investors Weigh In On KVH Industries

Hedge funds and other institutional investors have recently made changes to their positions in the business. Cubist Systematic Strategies LLC acquired a new position in KVH Industries in the second quarter valued at approximately $30,000. American Century Companies Inc. acquired a new position in shares of KVH Industries in the 2nd quarter valued at $54,000. AQR Capital Management LLC purchased a new position in shares of KVH Industries in the 2nd quarter valued at $63,000. Marshall Wace LLP acquired a new stake in KVH Industries during the 2nd quarter worth $75,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in KVH Industries in the second quarter valued at $130,000. Institutional investors and hedge funds own 73.66% of the company’s stock.

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.