GSV Capital Corp (NASDAQ:GSVC) Director David S. Pottruck bought 10,000 shares of the company’s stock in a transaction dated Friday, September 15th. The stock was acquired at an average price of $5.37 per share, for a total transaction of $53,700.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of GSV Capital Corp (GSVC) traded up 0.94% during trading on Monday, hitting $5.39. The stock had a trading volume of 83,853 shares. The firm has a 50 day moving average of $4.54 and a 200 day moving average of $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 released its quarterly earnings data on Tuesday, August 8th. The investment management company reported ($0.27) earnings per share for the quarter, missing the Thomson Reuters’ 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 business had revenue of $370.59 million for the quarter. On average, analysts anticipate that GSV Capital Corp will post $0.25 EPS for the current year.
GSV Capital Corp declared that its board has authorized a stock buyback plan on Tuesday, August 8th that allows the company to buyback $5.00 million in outstanding shares. This buyback authorization allows the investment management company to reacquire shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.
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Separately, ValuEngine upgraded GSV Capital Corp from a “hold” rating to a “buy” rating in a report on Friday, September 1st.
Large investors have recently added to or reduced their stakes in the company. UBS Group AG lifted its holdings in shares of GSV Capital Corp by 7.3% during 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 in the last quarter. Janney Montgomery Scott LLC bought a new stake in GSV Capital Corp in the 1st quarter valued at approximately $142,000. Wells Fargo & Company MN lifted its stake in 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 acquiring an additional 6,858 shares in the last quarter. Intrinsic Edge Capital Management LLC bought a new stake in GSV Capital Corp in the 2nd quarter valued at approximately $389,000. Finally, Oppenheimer & Co. Inc. lifted its stake in 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 acquiring an additional 74,300 shares in the last quarter. Institutional investors and hedge funds 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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