KVH Industries, Inc. (NASDAQ:KVHI) Stock Position Boosted by Barclays PLC

Barclays PLC grew its stake in shares of KVH Industries, Inc. (NASDAQ:KVHI) by 4.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 65,466 shares of the communications equipment provider’s stock after buying an additional 2,645 shares during the quarter. Barclays PLC owned about 0.33% of KVH Industries worth $316,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in KVHI. Cubist Systematic Strategies LLC bought a new position in shares of KVH Industries in the second quarter worth about $30,000. State Street Corp grew its holdings in KVH Industries by 6.0% during the 3rd quarter. State Street Corp now owns 59,980 shares of the communications equipment provider’s stock worth $290,000 after acquiring an additional 3,400 shares during the period. AQR Capital Management LLC acquired a new stake in shares of KVH Industries during the second quarter worth $63,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of KVH Industries during the 2nd quarter worth about $130,000. Finally, American Century Companies Inc. bought a new stake in KVH Industries in the second quarter valued at approximately $54,000. 73.66% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other KVH Industries news, major shareholder Bradley Louis Radoff bought 17,499 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was acquired at an average cost of $4.67 per share, with a total value of $81,720.33. Following the purchase, the insider now owns 2,077,499 shares in the company, valued at $9,701,920.33. This trade represents a 0.85 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 20.70% of the stock is currently owned by company insiders.

KVH Industries Stock Performance

KVHI opened at $5.65 on Friday. The firm’s fifty day moving average is $5.29 and its two-hundred day moving average is $4.85. The firm has a market cap of $111.86 million, a PE ratio of -5.82 and a beta of 0.62. KVH Industries, Inc. has a twelve month low of $4.17 and a twelve month high of $6.00.

About KVH Industries

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.