Shares of KVH Industries, Inc. (NASDAQ:KVHI - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $4.83 and traded as high as $5.63. KVH Industries shares last traded at $5.55, with a volume of 21,077 shares traded.
KVH Industries Trading Up 3.5 %
The business has a 50-day moving average price of $5.20 and a 200-day moving average price of $4.83. The stock has a market cap of $109.88 million, a PE ratio of -5.72 and a beta of 0.64.
Insider Activity
In other news, major shareholder Bradley Louis Radoff purchased 17,499 shares of the stock in a transaction dated Monday, November 11th. The shares were purchased at an average cost of $4.67 per share, with a total value of $81,720.33. Following the completion of the purchase, the insider now directly owns 2,077,499 shares of the company's stock, valued at approximately $9,701,920.33. The trade was a 0.85 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 20.70% of the company's stock.
Institutional Investors Weigh In On KVH Industries
Several institutional investors and hedge funds have recently added to or reduced their stakes in KVHI. Cubist Systematic Strategies LLC purchased a new position in shares of KVH Industries in the second quarter worth about $30,000. American Century Companies Inc. purchased a new position in KVH Industries in the 2nd quarter worth approximately $54,000. AQR Capital Management LLC acquired a new position in shares of KVH Industries during the 2nd quarter worth approximately $63,000. Marshall Wace LLP acquired a new stake in shares of KVH Industries in the second quarter valued at approximately $75,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in KVH Industries during the second quarter worth approximately $130,000. Institutional investors and hedge funds own 73.66% of the company's stock.
KVH Industries Company Profile
(
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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.
Further Reading
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