Insider Buying: KVH Industries (NASDAQ:KVHI) Major Shareholder Acquires $187,800.00 in Stock

KVH Industries, Inc. (NASDAQ:KVHI) major shareholder Bradley Louis Radoff acquired 30,000 shares of KVH Industries stock in a transaction on Thursday, February 12th. The stock was purchased at an average price of $6.26 per share, with a total value of $187,800.00. Following the transaction, the insider directly owned 2,180,000 shares in the company, valued at approximately $13,646,800. This trade represents a 1.40% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own at least 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 Friday, November 14th, Bradley Louis Radoff acquired 40,000 shares of KVH Industries stock. The shares were 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 opened at $6.71 on Friday. KVH Industries, Inc. has a one year low of $4.69 and a one year high of $7.71. The stock has a fifty day moving average price of $6.86 and a 200 day moving average price of $6.11. The stock has a market cap of $131.31 million, a P/E ratio of -10.82 and a beta of 0.72.

Analysts Set New Price Targets

A number of brokerages have commented on KVHI. Wall Street Zen upgraded shares of KVH Industries to a “hold” rating in a research note on Saturday, December 13th. Weiss Ratings restated a “sell (e+)” rating on shares of KVH Industries in a research report on Monday, December 22nd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. Jane Street Group LLC boosted its holdings in shares of KVH Industries by 134.0% in the 1st quarter. Jane Street Group LLC now owns 33,227 shares of the communications equipment provider’s stock worth $176,000 after acquiring an additional 19,026 shares in the last quarter. Peapod Lane Capital LLC grew its holdings in shares of KVH Industries by 7.7% during the second quarter. Peapod Lane Capital LLC now owns 362,086 shares of the communications equipment provider’s stock worth $1,930,000 after purchasing an additional 25,993 shares during the last quarter. First Eagle Investment Management LLC grew its holdings in shares of KVH Industries by 77.1% during the second quarter. First Eagle Investment Management LLC now owns 196,344 shares of the communications equipment provider’s stock worth $1,047,000 after purchasing an additional 85,509 shares during the last quarter. Mink Brook Asset Management LLC increased its stake in shares of KVH Industries by 84.5% in the second quarter. Mink Brook Asset Management LLC now owns 153,683 shares of the communications equipment provider’s stock valued at $819,000 after buying an additional 70,382 shares in the last quarter. Finally, Orion Porfolio Solutions LLC raised its holdings in shares of 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 valued at $367,000 after buying an additional 2,222 shares during the last quarter. Institutional investors own 73.66% of the company’s stock.

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.