Bradley Louis Radoff Purchases 30,000 Shares of KVH Industries (NASDAQ:KVHI) Stock

KVH Industries, Inc. (NASDAQ:KVHI) major shareholder Bradley Louis Radoff purchased 30,000 shares of the stock in a transaction that occurred on Thursday, February 12th. The stock was bought at an average cost of $6.26 per share, with a total value of $187,800.00. Following the acquisition, the insider owned 2,180,000 shares of the company’s stock, valued at $13,646,800. This represents a 1.40% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Major shareholders that own at least 10% 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 Friday, November 14th, Bradley Louis Radoff acquired 40,000 shares of KVH Industries stock. The stock was purchased at an average price of $5.78 per share, for a total transaction of $231,200.00.

KVH Industries Price Performance

Shares of KVHI stock traded up $0.16 on Thursday, reaching $6.20. 82,333 shares of the stock were exchanged, compared to its average volume of 50,584. KVH Industries, Inc. has a one year low of $4.69 and a one year high of $7.71. The stock has a market cap of $121.33 million, a PE ratio of -10.00 and a beta of 0.72. The stock has a 50 day moving average price of $6.84 and a 200 day moving average price of $6.09.

Institutional Trading of KVH Industries

A number of hedge funds have recently modified their holdings of the company. Orion Porfolio Solutions LLC raised its holdings in KVH Industries by 3.3% in the second quarter. Orion Porfolio Solutions LLC now owns 68,829 shares of the communications equipment provider’s stock worth $367,000 after purchasing an additional 2,222 shares during the period. Peapod Lane Capital LLC boosted its position in KVH Industries by 0.7% during the 4th quarter. Peapod Lane Capital LLC now owns 414,734 shares of the communications equipment provider’s stock worth $2,891,000 after acquiring an additional 3,058 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of KVH Industries by 20.6% during the 4th quarter. Goldman Sachs Group Inc. now owns 31,445 shares of the communications equipment provider’s stock worth $219,000 after acquiring an additional 5,378 shares in the last quarter. Squarepoint Ops LLC raised its holdings in shares of KVH Industries by 27.8% in the third quarter. Squarepoint Ops LLC now owns 27,303 shares of the communications equipment provider’s stock valued at $153,000 after purchasing an additional 5,935 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of KVH Industries by 4.9% in the fourth quarter. Geode Capital Management LLC now owns 160,108 shares of the communications equipment provider’s stock worth $1,116,000 after purchasing an additional 7,474 shares in the last quarter. 73.66% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Weiss Ratings reiterated a “sell (e+)” rating on shares of KVH Industries in a research report on Monday, December 22nd. Wall Street Zen raised shares of KVH Industries to a “hold” rating in a report on Saturday, December 13th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, KVH Industries has an average 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.