KVH Industries, Inc. (NASDAQ:KVHI) Major Shareholder Bradley Louis Radoff Purchases 30,088 Shares

KVH Industries, Inc. (NASDAQ:KVHI) major shareholder Bradley Louis Radoff acquired 30,088 shares of the company’s stock in a transaction dated Wednesday, September 4th. The shares were acquired at an average price of $4.63 per share, for a total transaction of $139,307.44. Following the completion of the purchase, the insider now owns 295,088 shares of the company’s stock, valued at approximately $1,366,257.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• On Monday, August 5th, Bradley Louis Radoff acquired 50,500 shares of KVH Industries stock. The stock was purchased at an average cost of $4.50 per share, with a total value of $227,250.00.
• On Thursday, August 1st, Bradley Louis Radoff purchased 239,173 shares of KVH Industries stock. The shares were acquired at an average price of $4.35 per share, for a total transaction of $1,040,402.55.

KVH Industries Stock Performance

KVHI remained flat at $4.66 during trading hours on Friday. 4,962 shares of the company traded hands, compared to its average volume of 96,359. KVH Industries, Inc. has a 1 year low of $4.17 and a 1 year high of $5.69. The stock’s 50-day moving average price is $4.52 and its 200 day moving average price is $4.80. The stock has a market cap of $91.88 million, a price-to-earnings ratio of -4.85 and a beta of 0.61.

KVH Industries (NASDAQ:KVHI) last issued its quarterly earnings results on Thursday, August 1st. The communications equipment provider reported ($0.07) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.02. The firm had revenue of $28.67 million during the quarter. KVH Industries had a negative net margin of 17.88% and a negative return on equity of 2.64%.

Institutional Investors Weigh In On KVH Industries

A number of institutional investors have recently bought and sold shares of the stock. Cubist Systematic Strategies LLC bought a new position in KVH Industries during the second quarter valued at approximately $30,000. American Century Companies Inc. bought a new position in shares of KVH Industries in the second quarter valued at about $54,000. AQR Capital Management LLC bought a new position in shares of KVH Industries in the second quarter valued at about $63,000. Marshall Wace LLP bought a new stake in KVH Industries during the 2nd quarter worth about $75,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in KVH Industries during the 2nd quarter worth about $130,000. 73.66% of the stock is currently owned by hedge funds and other 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.