Shares of KVH Industries, Inc. (NASDAQ:KVHI - Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $5.06 and traded as high as $6.07. KVH Industries shares last traded at $6.00, with a volume of 30,114 shares traded.
KVH Industries Stock Down 0.7 %
The firm has a market capitalization of $119.79 million, a price-to-earnings ratio of -6.24 and a beta of 0.63. The stock has a 50 day moving average of $5.77 and a 200 day moving average of $5.09.
Insider Transactions at KVH Industries
In other KVH Industries news, major shareholder Bradley Louis Radoff acquired 17,499 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was acquired at an average price of $4.67 per share, with a total value of $81,720.33. Following the transaction, the insider now directly owns 2,077,499 shares in the company, valued at approximately $9,701,920.33. This represents a 0.85 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 20.70% of the company's stock.
Hedge Funds Weigh In On KVH Industries
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Barclays PLC boosted its position in KVH Industries by 4.2% during the 3rd quarter. Barclays PLC now owns 65,466 shares of the communications equipment provider's stock valued at $316,000 after purchasing an additional 2,645 shares during the period. State Street Corp lifted its stake in KVH Industries by 6.0% in the third quarter. State Street Corp now owns 59,980 shares of the communications equipment provider's stock valued at $290,000 after buying an additional 3,400 shares during the last quarter. Cubist Systematic Strategies LLC bought a new stake in KVH Industries in the second quarter valued at $30,000. AQR Capital Management LLC acquired a new position in shares of KVH Industries during the second quarter valued at $63,000. Finally, Marshall Wace LLP bought a new position in shares of KVH Industries during the second quarter worth about $75,000. 73.66% of the stock is currently owned by institutional investors and hedge funds.
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.
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