Key Points
- Bradley Louis Radoff bought 30,000 KVH shares on Feb. 12 at an average price of $6.26 for $187,800, bringing his holding to 2,180,000 shares (a 1.40% ownership increase); he also bought 40,000 shares on Nov. 14 at $5.78.
- KVH stock opened around $6.20 (up ~2.6%), has a market cap of about $121M and a negative P/E, and currently carries a consensus analyst rating of Sell.
- Institutional investors own roughly 73.66% of KVH, with several hedge funds (e.g., Potomac Capital, Renaissance Technologies) recently adding to or initiating positions.
KVH Industries, Inc. (NASDAQ:KVHI - Get Free Report) major shareholder Bradley Louis Radoff acquired 30,000 shares of the business's stock in a transaction that occurred on Thursday, February 12th. The stock was purchased at an average price of $6.26 per share, for a total transaction of $187,800.00. Following the completion of the transaction, the insider owned 2,180,000 shares in the company, valued at $13,646,800. The trade was a 1.40% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own at least 10% 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 Friday, November 14th, Bradley Louis Radoff bought 40,000 shares of KVH Industries stock. The stock was purchased at an average price of $5.78 per share, with a total value of $231,200.00.
KVH Industries Trading Up 2.6%
Shares of NASDAQ:KVHI opened at $6.20 on Friday. The firm's 50 day moving average is $6.85 and its two-hundred day moving average is $6.09. The firm has a market capitalization of $121.33 million, a P/E ratio of -10.00 and a beta of 0.72. KVH Industries, Inc. has a 52 week low of $4.69 and a 52 week high of $7.71.
Wall Street Analysts Forecast Growth
KVHI has been the topic of a number of research analyst reports. Wall Street Zen raised KVH Industries to a "hold" rating in a report on Saturday, December 13th. Weiss Ratings reissued a "sell (e+)" rating on shares of KVH Industries in a research note on Monday, December 22nd. One analyst has rated the stock with a Sell rating, According to MarketBeat, KVH Industries presently has a consensus rating of "Sell".
Check Out Our Latest Research Report on KVH Industries
Hedge Funds Weigh In On KVH Industries
Several hedge funds and other institutional investors have recently added to or reduced their stakes in KVHI. Potomac Capital Management Inc. bought a new position in shares of KVH Industries in the 4th quarter valued at approximately $3,252,000. Peapod Lane Capital LLC increased its position in shares of KVH Industries by 0.7% during the 4th quarter. Peapod Lane Capital LLC now owns 414,734 shares of the communications equipment provider's stock worth $2,891,000 after purchasing an additional 3,058 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in KVH Industries by 6.9% during the 4th quarter. Renaissance Technologies LLC now owns 283,108 shares of the communications equipment provider's stock valued at $1,973,000 after purchasing an additional 18,193 shares during the last quarter. First Eagle Investment Management LLC boosted its position in KVH Industries by 7.9% in the third quarter. First Eagle Investment Management LLC now owns 211,826 shares of the communications equipment provider's stock valued at $1,186,000 after buying an additional 15,482 shares in the last quarter. Finally, Mink Brook Asset Management LLC grew its stake in KVH Industries by 11.6% during the third quarter. Mink Brook Asset Management LLC now owns 171,569 shares of the communications equipment provider's stock worth $961,000 after buying an additional 17,886 shares during the last quarter. Institutional investors own 73.66% of the company's stock.
About KVH Industries
(
Get Free Report)
KVH Industries, Inc develops and manufactures mobile connectivity, inertial navigation, and stabilization systems for maritime, land mobile and defense markets. Its Satellite Communications Group delivers a range of mobile VSAT and broadband systems under the TracPhone and TracNet brands, offering high-speed data, voice and TV programming for commercial and leisure vessels. The company pairs its hardware offerings with the OneCare global network and service platform, providing 24/7 support and coverage across major satellite constellations.
The Inertial Systems Group at KVH produces fiber-optic and hemispherical resonator gyros, inertial measurement units (IMUs) and related inertial navigation products for aerospace, unmanned platforms and precision stabilization applications.
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