Insider Buying: Firsthand Technology Value Fund Inc (SVVC) President Buys 3,468 Shares of Stock

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Firsthand Technology Value Fund Inc (NASDAQ:SVVC) President Kevin M. Landis acquired 3,468 shares of the stock in a transaction dated Monday, October 15th. The shares were bought at an average price of $16.35 per share, with a total value of $56,701.80. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

NASDAQ SVVC traded down $0.43 on Friday, reaching $12.45. 7,747 shares of the company’s stock traded hands, compared to its average volume of 27,648. Firsthand Technology Value Fund Inc has a fifty-two week low of $8.04 and a fifty-two week high of $17.74.

Firsthand Technology Value Fund (NASDAQ:SVVC) last posted its earnings results on Thursday, August 9th. The investment management company reported ($0.22) earnings per share (EPS) for the quarter. The business had revenue of $0.78 million for the quarter. Firsthand Technology Value Fund had a net margin of 2,030.85% and a negative return on equity of 4.41%.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Intl Fcstone Inc. lifted its position in Firsthand Technology Value Fund by 35.8% during the third quarter. Intl Fcstone Inc. now owns 30,087 shares of the investment management company’s stock valued at $510,000 after purchasing an additional 7,924 shares during the period. FNY Investment Advisers LLC acquired a new position in Firsthand Technology Value Fund during the second quarter valued at $264,000. Finally, Ladenburg Thalmann Financial Services Inc. lifted its position in Firsthand Technology Value Fund by 16.1% during the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 46,940 shares of the investment management company’s stock valued at $530,000 after purchasing an additional 6,506 shares during the period. Institutional investors own 4.20% of the company’s stock.

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Firsthand Technology Value Fund Company Profile

Firsthand Technology Value Fund, Inc is a publicly traded ventures capital fund invests in companies located in the US. The fund target companies operating in the fields of game changing technology and cleantech services. It provides financing in the form of equity and debt for early, growth and later stage capital requirements with an investment size ranges between $1 and $10 million.

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Insider Buying and Selling by Quarter for Firsthand Technology Value Fund (NASDAQ:SVVC)

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