Key Points
- Bradley Louis Radoff purchased 40,000 shares of KVH Industries on November 14 at an average price of $5.78, a $231,200 transaction that raises his stake to 2,150,000 shares (a 1.90% increase) valued at about $12.43 million.
- KVH (NASDAQ:KVHI) trades near $5.63 with a 52-week range of $4.69–$6.41 and a market cap of $110.2M; Wall Street sentiment is negative (average "Sell" rating, including a reissued "sell (e+)" from Weiss Ratings), and institutional investors own about 73.66% of the stock.
KVH Industries, Inc. (NASDAQ:KVHI - Get Free Report) major shareholder Bradley Louis Radoff bought 40,000 shares of KVH Industries stock in a transaction dated Friday, November 14th. The shares were bought at an average cost of $5.78 per share, for a total transaction of $231,200.00. Following the completion of the transaction, the insider owned 2,150,000 shares of the company's stock, valued at approximately $12,427,000. This trade represents a 1.90% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Major shareholders that own at least 10% of a company's shares are required to disclose their sales and purchases with the SEC.
KVH Industries Stock Performance
Shares of NASDAQ KVHI opened at $5.63 on Tuesday. KVH Industries, Inc. has a 52-week low of $4.69 and a 52-week high of $6.41. The firm has a market capitalization of $110.20 million, a price-to-earnings ratio of -17.59 and a beta of 0.83. The stock has a 50 day moving average price of $5.75 and a 200 day moving average price of $5.49.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reissued a "sell (e+)" rating on shares of KVH Industries in a research report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of "Sell".
Check Out Our Latest Stock Report on KVH Industries
Hedge Funds Weigh In On KVH Industries
Large investors have recently bought and sold shares of the business. NewEdge Advisors LLC purchased a new stake in KVH Industries during the third quarter worth $90,000. Jacobs Levy Equity Management Inc. purchased a new stake in shares of KVH Industries during the 3rd quarter worth $113,000. Squarepoint Ops LLC boosted its position in KVH Industries by 27.8% during the third quarter. Squarepoint Ops LLC now owns 27,303 shares of the communications equipment provider's stock valued at $153,000 after purchasing an additional 5,935 shares in the last quarter. Jane Street Group LLC boosted its position in KVH Industries by 134.0% during the first quarter. Jane Street Group LLC now owns 33,227 shares of the communications equipment provider's stock valued at $176,000 after purchasing an additional 19,026 shares in the last quarter. Finally, Orion Porfolio Solutions LLC grew its stake in KVH Industries by 3.3% in the second quarter. Orion Porfolio Solutions LLC now owns 68,829 shares of the communications equipment provider's stock valued at $367,000 after purchasing an additional 2,222 shares during the last quarter. Institutional investors own 73.66% of the company's stock.
KVH Industries Company Profile
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Get Free Report)
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.
Further Reading
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