KVH Industries, Inc. (NASDAQ:KVHI) Major Shareholder Bradley Louis Radoff Purchases 30,088 Shares

KVH Industries, Inc. (NASDAQ:KVHI) major shareholder Bradley Louis Radoff bought 30,088 shares of the firm’s stock in a transaction on Wednesday, September 4th. The shares were purchased at an average price of $4.63 per share, for a total transaction of $139,307.44. Following the purchase, the insider now owns 295,088 shares in the company, valued at approximately $1,366,257.44. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, 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 Monday, August 5th, Bradley Louis Radoff acquired 50,500 shares of KVH Industries stock. The shares were bought at an average cost of $4.50 per share, with a total value of $227,250.00.
• On Thursday, August 1st, Bradley Louis Radoff acquired 239,173 shares of KVH Industries stock. The shares were bought at an average cost of $4.35 per share, with a total value of $1,040,402.55.

KVH Industries Price Performance

Shares of KVHI opened at $4.56 on Friday. KVH Industries, Inc. has a 1 year low of $4.17 and a 1 year high of $5.69. The company has a 50 day simple moving average of $4.52 and a two-hundred day simple moving average of $4.79. The firm has a market cap of $89.90 million, a P/E ratio of -4.75 and a beta of 0.61.

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

Institutional Investors Weigh In On KVH Industries

Large investors have recently bought and sold shares of the business. Twin Focus Capital Partners LLC bought a new position in KVH Industries during the fourth quarter valued at $859,000. Vanguard Group Inc. increased its position in KVH Industries by 0.7% during the first quarter. Vanguard Group Inc. now owns 962,968 shares of the communications equipment provider’s stock valued at $4,911,000 after acquiring an additional 6,382 shares during the last quarter. BNP Paribas Financial Markets raised its stake in shares of 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 valued at $210,000 after acquiring an additional 35,557 shares during the period. Palogic Value Management L.P. lifted its holdings in shares of KVH Industries by 77.0% in the 4th 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 during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its stake in shares of KVH Industries by 18.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 42,385 shares of the communications equipment provider’s stock worth $217,000 after purchasing an additional 6,730 shares during the period. 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.