GSV Capital Corp (GSVC) CEO Mark D. Klein Buys 10,000 Shares
GSV Capital Corp (NASDAQ:GSVC) CEO Mark D. Klein acquired 10,000 shares of GSV Capital Corp stock in a transaction dated Wednesday, September 20th. The shares were purchased at an average price of $5.36 per share, for a total transaction of $53,600.00. Following the completion of the transaction, the chief executive officer now directly owns 87,340 shares in the company, valued at approximately $468,142.40. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of GSV Capital Corp (NASDAQ:GSVC) traded up 0.57% during trading on Thursday, hitting $5.29. The stock had a trading volume of 64,533 shares. The stock has a 50 day moving average of $4.62 and a 200 day moving average of $4.54. GSV Capital Corp has a 12 month low of $3.83 and a 12 month high of $5.61.
GSV Capital Corp (NASDAQ:GSVC) last issued its earnings results on Tuesday, August 8th. The investment management company reported ($0.27) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate 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 firm had revenue of $370.59 million during the quarter. Analysts anticipate 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 initiated a stock buyback program on Tuesday, August 8th that permits the company to repurchase $5.00 million in outstanding shares. This repurchase authorization permits the investment management company to repurchase shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s management believes its stock is undervalued.
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Several hedge funds have recently modified their holdings of the company. Wellington Management Group LLP increased its holdings in shares of GSV Capital Corp by 187.3% in the first 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 during the last quarter. Oppenheimer & Co. Inc. increased its holdings in shares of GSV Capital Corp by 42.9% in the first quarter. Oppenheimer & Co. Inc. now owns 247,457 shares of the investment management company’s stock worth $1,109,000 after purchasing an additional 74,300 shares during the last quarter. Intrinsic Edge Capital Management LLC bought a new stake in shares of GSV Capital Corp in the second quarter worth about $389,000. Wells Fargo & Company MN increased its holdings in shares of GSV Capital Corp by 5.9% in the second quarter. Wells Fargo & Company MN now owns 87,301 shares of the investment management company’s stock worth $379,000 after purchasing an additional 4,900 shares during the last quarter. Finally, Janney Montgomery Scott LLC bought a new stake in shares of GSV Capital Corp in the first quarter worth about $142,000. 29.67% of the stock is currently owned by hedge funds and other institutional investors.
Separately, ValuEngine upgraded GSV Capital Corp from a “hold” rating to a “buy” rating in a research report on Friday, September 1st.
About GSV Capital Corp
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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