GSV Capital Corp (NASDAQ:GSVC) CEO Mark D. Klein bought 10,000 shares of the company’s stock in a transaction dated Wednesday, September 13th. The stock was bought at an average price of $5.11 per share, for a total transaction of $51,100.00. Following the acquisition, the chief executive officer now directly owns 77,340 shares of the company’s stock, valued at $395,207.40. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
GSV Capital Corp (NASDAQ GSVC) traded up 4.50% on Friday, hitting $5.34. The stock had a trading volume of 164,289 shares. The stock has a 50 day moving average price of $4.54 and a 200 day moving average price 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 issued its quarterly earnings results on Tuesday, August 8th. The investment management company reported ($0.27) EPS for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.07). GSV Capital Corp had a negative return on equity of 5.43% and a negative net margin of 1,701.22%. The company had revenue of $370.59 million during the quarter. On average, analysts predict that GSV Capital Corp will post $0.25 earnings per share for the current fiscal year.
GSV Capital Corp announced that its Board of Directors has approved a share repurchase program on Tuesday, August 8th that authorizes the company to repurchase $5.00 million in outstanding shares. This repurchase authorization authorizes the investment management company to purchase shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership 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.
Several institutional investors and hedge funds have recently modified their holdings of the company. Wellington Management Group LLP boosted its position in shares of GSV Capital Corp by 187.3% in the 1st quarter. Wellington Management Group LLP now owns 1,257,796 shares of the investment management company’s stock worth $5,635,000 after purchasing an additional 820,036 shares in the last quarter. Oppenheimer & Co. Inc. lifted its position 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. Intrinsic Edge Capital Management LLC bought a new position in GSV Capital Corp in the 2nd quarter valued at approximately $389,000. Wells Fargo & Company MN lifted its position in GSV Capital Corp by 5.9% in the 2nd quarter. Wells Fargo & Company MN now owns 87,301 shares of the investment management company’s stock valued at $379,000 after acquiring an additional 4,900 shares in the last quarter. Finally, Janney Montgomery Scott LLC bought a new position in GSV Capital Corp in the 1st quarter valued at approximately $142,000. 29.67% of the stock is currently owned by hedge funds and other institutional investors.
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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