Hyperscale Data (NYSEAMERICAN:GPUS) CEO William Horne Purchases 100,000 Shares of Stock

Hyperscale Data, Inc. (NYSEAMERICAN:GPUS) CEO William Horne purchased 100,000 shares of the stock in a transaction dated Friday, September 4th. The stock was purchased at an average cost of $0.20 per share, for a total transaction of $20,000.00. Following the completion of the acquisition, the chief executive officer owned 240,000 shares of the company’s stock, valued at approximately $48,000. This represents a 71.43% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Hyperscale Data Stock Up 1.3%

GPUS stock opened at $0.19 on Wednesday. The firm has a 50 day moving average of $0.68 and a 200-day moving average of $0.79. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.54 and a current ratio of 0.57. Hyperscale Data, Inc. has a 12 month low of $0.17 and a 12 month high of $3.65.

Shares of Hyperscale Data are scheduled to split before the market opens on Tuesday, September 15th. The 1.04066734 split was recently announced. The newly minted shares will be issued to shareholders after the closing bell on Monday, September 14th.

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

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

Hedge Funds Weigh In On Hyperscale Data

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Qube Research & Technologies Ltd purchased a new stake in shares of Hyperscale Data in the 2nd quarter valued at about $47,000. LPL Financial LLC bought a new position in shares of Hyperscale Data during the 4th quarter valued at about $73,000. Virtu Financial LLC bought a new stake in Hyperscale Data in the 4th quarter worth approximately $152,000. State Street Corp purchased a new stake in Hyperscale Data in the fourth quarter worth approximately $335,000. Finally, Geode Capital Management LLC grew its position in Hyperscale Data by 2,029.5% during the fourth quarter. Geode Capital Management LLC now owns 3,482,917 shares of the company’s stock valued at $639,000 after acquiring an additional 3,319,363 shares during the last quarter. 41.05% of the stock is currently owned by hedge funds and other institutional investors.

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.