GSV Capital Corp (NASDAQ:GSVC) CEO Mark D. Klein acquired 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 13th. The stock was bought at an average cost of $5.11 per share, for a total transaction of $51,100.00. Following the completion of the purchase, the chief executive officer now owns 77,340 shares of the company’s stock, valued at $395,207.40. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
GSV Capital Corp (GSVC) traded up 4.50% during trading on Friday, hitting $5.34. The company had a trading volume of 164,289 shares. The company’s 50 day moving average price is $4.54 and its 200-day moving average price is $4.56. GSV Capital Corp has a 1-year low of $3.83 and a 1-year high of $5.61.
GSV Capital Corp (NASDAQ:GSVC) last issued its earnings results on Tuesday, August 8th. The investment management company reported ($0.27) earnings per share for the quarter, missing the consensus estimate of ($0.20) by ($0.07). GSV Capital Corp had a negative net margin of 1,701.22% and a negative return on equity of 5.43%. The company had revenue of $370.59 million for the quarter. Equities analysts anticipate that GSV Capital Corp will post $0.25 EPS for the current fiscal year.
GSV Capital Corp declared that its board has approved a share buyback plan on Tuesday, August 8th that permits the company to repurchase $5.00 million in shares. This repurchase authorization permits the investment management company to buy shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.
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Separately, ValuEngine raised GSV Capital Corp from a “hold” rating to a “buy” rating in a research note on Friday, September 1st.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. UBS Group AG lifted its stake in shares of GSV Capital Corp by 7.3% in the 1st quarter. UBS Group AG now owns 26,138 shares of the investment management company’s stock valued at $117,000 after purchasing an additional 1,780 shares during the period. Janney Montgomery Scott LLC purchased a new position in shares of GSV Capital Corp in the 1st quarter valued at approximately $142,000. Wells Fargo & Company MN lifted its stake in shares of GSV Capital Corp by 9.1% in the 1st quarter. Wells Fargo & Company MN now owns 82,401 shares of the investment management company’s stock valued at $370,000 after purchasing an additional 6,858 shares during the period. Intrinsic Edge Capital Management LLC purchased a new position in shares of GSV Capital Corp in the 2nd quarter valued at approximately $389,000. Finally, Oppenheimer & Co. Inc. lifted its stake in shares of GSV Capital Corp by 42.9% in the 1st quarter. Oppenheimer & Co. Inc. now owns 247,457 shares of the investment management company’s stock valued at $1,109,000 after purchasing an additional 74,300 shares during the period. Institutional investors own 29.67% of the company’s stock.
GSV Capital Corp Company Profile
GSV Capital Corp. (GSV Capital) is an externally managed, non-diversified closed-end management investment company. The Company’s investment objective is to maximize its portfolio’s total return, principally by seeking capital gains on its equity and equity-related investments. The Company invests principally in the equity securities, which are venture-capital-backed emerging companies.
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