Shares of KVH Industries, Inc. (NASDAQ:KVHI - Get Free Report) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $4.99 and traded as high as $6.15. KVH Industries shares last traded at $5.96, with a volume of 23,681 shares trading hands.
KVH Industries Trading Down 0.7 %
The business has a 50 day moving average of $5.70 and a 200-day moving average of $5.03. The stock has a market cap of $118.70 million, a PE ratio of -6.18 and a beta of 0.62.
Insider Buying and Selling at KVH Industries
In other KVH Industries news, major shareholder Bradley Louis Radoff purchased 17,499 shares of the business's stock in a transaction on Monday, November 11th. The stock was bought at an average cost of $4.67 per share, for a total transaction of $81,720.33. Following the acquisition, the insider now 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 acquisition was disclosed in a legal filing with the SEC, which is available at this link. 20.70% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of the business. Barclays PLC raised its holdings in KVH Industries by 4.2% in the 3rd quarter. Barclays PLC now owns 65,466 shares of the communications equipment provider's stock valued at $316,000 after acquiring an additional 2,645 shares during the last quarter. State Street Corp raised its holdings in KVH Industries by 6.0% in the 3rd quarter. State Street Corp now owns 59,980 shares of the communications equipment provider's stock valued at $290,000 after acquiring an additional 3,400 shares during the last quarter. Hsbc Holdings PLC raised its holdings in KVH Industries by 19.7% in the 2nd quarter. Hsbc Holdings PLC now owns 30,733 shares of the communications equipment provider's stock valued at $145,000 after acquiring an additional 5,054 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new stake in shares of KVH Industries during the 2nd quarter worth $30,000. Finally, American Century Companies Inc. acquired a new stake in shares of KVH Industries during the 2nd quarter worth $54,000. 73.66% of the stock is currently owned by institutional investors and hedge funds.
About KVH Industries
(
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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.
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