KVH Industries, Inc. (NASDAQ:KVHI) Major Shareholder Acquires $139,307.44 in Stock

KVH Industries, Inc. (NASDAQ:KVHI) major shareholder Bradley Louis Radoff acquired 30,088 shares of KVH Industries stock in a transaction dated Wednesday, September 4th. The shares were acquired at an average price of $4.63 per share, with a total value of $139,307.44. Following the transaction, the insider now owns 295,088 shares in the company, valued at approximately $1,366,257.44. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Major shareholders that own more than 10% of a company’s stock 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 bought 50,500 shares of KVH Industries stock. The stock was purchased at an average price of $4.50 per share, for a total transaction 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 Price Performance

KVH Industries stock remained flat at $4.66 during mid-day trading on Friday. The company had a trading volume of 4,962 shares, compared to its average volume of 96,359. KVH Industries, Inc. has a fifty-two week low of $4.17 and a fifty-two week high of $5.69. The firm has a market cap of $91.88 million, a PE ratio of -4.85 and a beta of 0.61. The firm’s 50 day moving average is $4.52 and its 200-day moving average is $4.80.

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

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Palogic Value Management L.P. grew its position in KVH Industries by 77.0% in the fourth quarter. Palogic Value Management L.P. now owns 268,724 shares of the communications equipment provider’s stock worth $1,413,000 after acquiring an additional 116,895 shares in the last quarter. Twin Focus Capital Partners LLC bought a new position in KVH Industries in the fourth quarter worth about $859,000. BNP Paribas Financial Markets grew its holdings in KVH Industries by 637.6% in the first quarter. BNP Paribas Financial Markets now owns 41,134 shares of the communications equipment provider’s stock worth $210,000 after purchasing an additional 35,557 shares during the period. Marquette Asset Management LLC grew its holdings in shares of KVH Industries by 26.6% during the first quarter. Marquette Asset Management LLC now owns 40,503 shares of the communications equipment provider’s stock valued at $207,000 after buying an additional 8,503 shares during the last quarter. Finally, AMH Equity Ltd boosted its position in KVH Industries by 187.2% in the first quarter. AMH Equity Ltd now owns 250,000 shares of the communications equipment provider’s stock worth $1,275,000 after purchasing an additional 162,949 shares during the last quarter. Hedge funds and other institutional investors own 73.66% of the company’s stock.

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.