KVH Industries, Inc. (NASDAQ:KVHI – Get Free Report) major shareholder Bradley Louis Radoff sold 35,000 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $11.20, for a total transaction of $392,000.00. Following the completion of the sale, the insider owned 290,000 shares of the company’s stock, valued at $3,248,000. This trade represents a 10.77% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.
KVH Industries Price Performance
Shares of KVH Industries stock traded down $1.12 during trading on Friday, hitting $9.28. The stock had a trading volume of 329,405 shares, compared to its average volume of 275,925. The firm’s fifty day simple moving average is $9.78 and its 200-day simple moving average is $7.68. The stock has a market cap of $180.96 million, a PE ratio of -35.69 and a beta of 0.43. KVH Industries, Inc. has a 12 month low of $5.09 and a 12 month high of $13.00.
KVH Industries (NASDAQ:KVHI – Get Free Report) last released its earnings results on Wednesday, May 6th. The communications equipment provider reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.05. The firm had revenue of $32.32 million during the quarter, compared to analyst estimates of $30.56 million. KVH Industries had a negative net margin of 4.31% and a negative return on equity of 0.80%.
Analyst Ratings Changes
View Our Latest Report on KVH Industries
Institutional Investors Weigh In On KVH Industries
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Hillsdale Investment Management Inc. bought a new stake in KVH Industries during the 4th quarter valued at about $54,000. HRT Financial LP bought a new stake in KVH Industries during the 4th quarter valued at about $70,000. OMERS ADMINISTRATION Corp bought a new stake in KVH Industries during the 4th quarter valued at about $86,000. NewEdge Advisors LLC bought a new stake in KVH Industries during the 3rd quarter valued at about $90,000. Finally, Virtu Financial LLC bought a new stake in KVH Industries during the 4th quarter valued at about $102,000. Institutional investors own 73.66% of the company’s stock.
KVH Industries Company Profile
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.
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