KVH Industries, Inc. (NASDAQ:KVHI - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $4.80 and traded as high as $5.85. KVH Industries shares last traded at $5.82, with a volume of 48,685 shares trading hands.
KVH Industries Price Performance
The company's fifty day moving average price is $5.10 and its 200-day moving average price is $4.80. The stock has a market cap of $114.44 million, a price-to-earnings ratio of -5.99 and a beta of 0.64.
Insider Activity at KVH Industries
In other KVH Industries news, major shareholder Bradley Louis Radoff purchased 17,499 shares of the firm's 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 owns 2,077,499 shares in the company, valued at approximately $9,701,920.33. This represents a 0.85 % increase in their position. The acquisition 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 Trading of KVH Industries
Institutional investors have recently made changes to their positions in the company. Renaissance Technologies LLC boosted its stake in shares of KVH Industries by 38.8% in the second quarter. Renaissance Technologies LLC now owns 177,400 shares of the communications equipment provider's stock valued at $825,000 after purchasing an additional 49,600 shares during the period. Acuitas Investments LLC raised its stake in shares of KVH Industries by 19.1% during the second quarter. Acuitas Investments LLC now owns 266,055 shares of the communications equipment provider's stock worth $1,237,000 after purchasing an additional 42,613 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in KVH Industries in the second quarter valued at about $130,000. Marshall Wace LLP acquired a new position in shares of KVH Industries during the 2nd quarter worth $75,000. Finally, AQR Capital Management LLC acquired a new position in KVH Industries during the second quarter worth $63,000. Hedge funds and other institutional investors own 73.66% of the company's stock.
KVH Industries Company Profile
(
Get Free Report)
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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