KVH Industries (NASDAQ:KVHI) Major Shareholder Bradley Louis Radoff Purchases 30,000 Shares

KVH Industries, Inc. (NASDAQ:KVHI) major shareholder Bradley Louis Radoff purchased 30,000 shares of KVH Industries stock in a transaction that occurred on Thursday, February 12th. The shares were bought at an average cost of $6.26 per share, with a total value of $187,800.00. Following the completion of the transaction, the insider directly owned 2,180,000 shares of the company’s stock, valued at approximately $13,646,800. The trade was a 1.40% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 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 Friday, November 14th, Bradley Louis Radoff purchased 40,000 shares of KVH Industries stock. The shares were bought at an average cost of $5.78 per share, for a total transaction of $231,200.00.

KVH Industries Stock Up 2.6%

Shares of NASDAQ KVHI traded up $0.16 during trading hours on Thursday, hitting $6.20. The company had a trading volume of 82,333 shares, compared to its average volume of 50,584. KVH Industries, Inc. has a 1-year low of $4.69 and a 1-year high of $7.71. The firm’s 50 day moving average is $6.84 and its 200-day moving average is $6.09. The stock has a market capitalization of $121.33 million, a P/E ratio of -10.00 and a beta of 0.72.

Institutional Investors Weigh In On KVH Industries

Large investors have recently added to or reduced their stakes in the stock. Hillsdale Investment Management Inc. bought a new position in shares of KVH Industries in the fourth quarter worth $54,000. NewEdge Advisors LLC bought a new position in KVH Industries in the 3rd quarter valued at about $90,000. Jacobs Levy Equity Management Inc. bought a new stake in shares of KVH Industries during the 3rd quarter worth approximately $113,000. Squarepoint Ops LLC boosted its position in shares of KVH Industries by 27.8% during the 3rd quarter. Squarepoint Ops LLC now owns 27,303 shares of the communications equipment provider’s stock worth $153,000 after acquiring an additional 5,935 shares in the last quarter. Finally, Jane Street Group LLC increased its stake in KVH Industries by 134.0% in the first quarter. Jane Street Group LLC now owns 33,227 shares of the communications equipment provider’s stock valued at $176,000 after acquiring an additional 19,026 shares during the last quarter. Institutional investors and hedge funds own 73.66% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Wall Street Zen upgraded shares of KVH Industries to a “hold” rating in a research note on Saturday, December 13th. Weiss Ratings reiterated a “sell (e+)” rating on shares of KVH Industries in a report on Monday, December 22nd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.

About KVH Industries

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.