Insider Buying: KVH Industries, Inc. (NASDAQ:KVHI) Major Shareholder Purchases 17,499 Shares of Stock

KVH Industries, Inc. (NASDAQ:KVHI) major shareholder Bradley Louis Radoff purchased 17,499 shares of KVH Industries 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 acquisition, the insider now owns 2,077,499 shares of the company’s stock, valued at approximately $9,701,920.33. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Major shareholders that own 10% or more 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 Wednesday, September 4th, Bradley Louis Radoff purchased 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 Performance

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

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Cubist Systematic Strategies LLC purchased a new position in KVH Industries during the 2nd quarter worth $30,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in KVH Industries during the 2nd quarter worth $130,000. AQR Capital Management LLC purchased a new position in KVH Industries during the 2nd quarter worth $63,000. Marshall Wace LLP purchased a new position in KVH Industries during the 2nd quarter worth $75,000. Finally, Hsbc Holdings PLC increased its holdings in KVH Industries by 19.7% during the 2nd quarter. Hsbc Holdings PLC now owns 30,733 shares of the communications equipment provider’s stock worth $145,000 after purchasing an additional 5,054 shares during the period. 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.