KVH Industries, Inc. (NASDAQ:KVHI) Major Shareholder Bradley Louis Radoff Purchases 17,499 Shares of Stock

KVH Industries, Inc. (NASDAQ:KVHI) major shareholder Bradley Louis Radoff acquired 17,499 shares of the stock in a transaction dated Monday, November 11th. The stock was acquired at an average price of $4.67 per share, for a total transaction of $81,720.33. Following the completion of the transaction, the insider now directly owns 2,077,499 shares of the company’s stock, valued at approximately $9,701,920.33. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Large 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 acquired 30,088 shares of KVH Industries stock. The stock was acquired at an average price of $4.63 per share, for a total transaction of $139,307.44.

KVH Industries Stock Up 2.1 %

Shares of KVH Industries stock opened at $4.85 on Thursday. The stock’s 50-day simple moving average is $4.71 and its 200-day simple moving average is $4.73. KVH Industries, Inc. has a 52 week low of $4.17 and a 52 week high of $5.49. The company has a market capitalization of $96.03 million, a price-to-earnings ratio of -5.00 and a beta of 0.60.

Institutional Investors Weigh In On KVH Industries

A number of hedge funds have recently made changes to their positions in KVHI. 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 KVH Industries during the second quarter valued at approximately $54,000. AQR Capital Management LLC bought a new stake in shares of KVH Industries in the 2nd quarter valued at approximately $63,000. Marshall Wace LLP bought a new stake in shares of KVH Industries in the 2nd quarter valued at approximately $75,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of KVH Industries in the 2nd quarter valued at approximately $130,000. 73.66% of the stock is currently owned by hedge funds and other institutional investors.

About KVH Industries

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.