Hyperscale Data (NYSEAMERICAN:GPUS) Shares to Split on Tuesday, September 15th

Shares of Hyperscale Data, Inc. (NYSEAMERICAN:GPUS) are going to split on Tuesday, September 15th. The 1.04066734 split was recently announced. The newly issued shares will be distributed to shareholders after the market closes on Monday, September 14th.

Hyperscale Data Stock Performance

Shares of GPUS stock remained flat at $0.19 during mid-day trading on Monday. 62,222,022 shares of the stock were exchanged, compared to its average volume of 24,555,876. Hyperscale Data has a 1 year low of $0.17 and a 1 year high of $3.65. The company has a current ratio of 0.57, a quick ratio of 0.54 and a debt-to-equity ratio of 0.29. The firm’s 50 day simple moving average is $0.70 and its 200-day simple moving average is $0.80.

Hyperscale Data (NYSEAMERICAN:GPUS) last announced its quarterly earnings data on Wednesday, August 19th. The company reported ($0.25) earnings per share for the quarter. The business had revenue of $34.84 million during the quarter. Hyperscale Data had a negative return on equity of 97.52% and a negative net margin of 71.03%.

Hyperscale Data declared that its board has initiated a stock repurchase program on Tuesday, May 26th that authorizes the company to repurchase $5.00 million in shares. This repurchase authorization authorizes the company to buy up to 6.6% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s board of directors believes its shares are undervalued.

Insiders Place Their Bets

In other Hyperscale Data news, CEO William B. Horne bought 1,000 shares of the firm’s stock in a transaction on Monday, June 29th. The stock was acquired at an average price of $95.00 per share, with a total value of $95,000.00. Following the transaction, the chief executive officer owned 1,000 shares in the company, valued at $95,000. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman Milton C. Ault III bought 107,999 shares of the stock in a transaction on Tuesday, September 1st. The shares were bought at an average price of $0.25 per share, for a total transaction of $26,999.75. Following the purchase, the chairman directly owned 402,500 shares in the company, valued at approximately $100,625. This trade represents a 36.67% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders acquired 633,260 shares of company stock valued at $318,070. Corporate insiders own 40.09% of the company’s stock.

Institutional Investors Weigh In On Hyperscale Data

Large investors have recently added to or reduced their stakes in the stock. Qube Research & Technologies Ltd bought a new position in Hyperscale Data in the second quarter valued at about $47,000. LPL Financial LLC purchased a new position in shares of Hyperscale Data during the 4th quarter worth $73,000. Virtu Financial LLC bought a new stake in shares of Hyperscale Data during the 4th quarter valued at $152,000. State Street Corp purchased a new stake in shares of Hyperscale Data in the 4th quarter worth $335,000. Finally, Geode Capital Management LLC increased its stake in shares of Hyperscale Data by 2,029.5% in the 4th quarter. Geode Capital Management LLC now owns 3,482,917 shares of the company’s stock worth $639,000 after purchasing an additional 3,319,363 shares in the last quarter. Institutional investors own 41.05% of the company’s stock.

Hyperscale Data Company Profile

Hyperscale Data, Inc, through its subsidiaries, provides customized solutions for the military markets in North America, Europe, the Middle East, and internationally. It operates through eight segments: Energy and Infrastructure, Technology and Finance, SMC, Sentinum, GIGA, TurnOnGreen, ROI, and Ault Disruptive. The company offers lifting services; virtual markets, real world goods marketplaces, gaming, sweepstakes gaming, contest of skill, and building private spaces, as well as socialization and connectivity and real and virtual concerts.