GSV Capital Corp (GSVC) Position Lowered by Emerald Advisers Inc. PA
Emerald Advisers Inc. PA cut its holdings in shares of GSV Capital Corp (NASDAQ:GSVC) by 11.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 666,076 shares of the investment management company’s stock after selling 83,376 shares during the period. Emerald Advisers Inc. PA’s holdings in GSV Capital Corp were worth $3,603,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in GSVC. Wellington Management Group LLP boosted its position in shares of GSV Capital Corp by 187.3% during the first quarter. Wellington Management Group LLP now owns 1,257,796 shares of the investment management company’s stock valued at $5,635,000 after buying an additional 820,036 shares during the last quarter. Intrinsic Edge Capital Management LLC purchased a new stake in shares of GSV Capital Corp during the second quarter valued at $389,000. NJ State Employees Deferred Compensation Plan boosted its position in shares of GSV Capital Corp by 23.1% during the third quarter. NJ State Employees Deferred Compensation Plan now owns 80,000 shares of the investment management company’s stock valued at $433,000 after buying an additional 15,000 shares during the last quarter. Wells Fargo & Company MN boosted its position in shares of GSV Capital Corp by 9.1% during the first quarter. Wells Fargo & Company MN now owns 82,401 shares of the investment management company’s stock valued at $370,000 after buying an additional 6,858 shares during the last quarter. Finally, UBS Group AG lifted its holdings in GSV Capital Corp by 7.3% in the first quarter. UBS Group AG now owns 26,138 shares of the investment management company’s stock valued at $117,000 after acquiring an additional 1,780 shares during the period. 29.51% of the stock is currently owned by institutional investors.
Separately, ValuEngine raised GSV Capital Corp from a “hold” rating to a “buy” rating in a report on Friday, September 1st.
GSV Capital Corp (GSVC) opened at $5.52 on Friday. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 0.38.
GSV Capital Corp (NASDAQ:GSVC) last posted its earnings results on Tuesday, August 8th. The investment management company reported ($0.27) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.07). GSV Capital Corp had a negative net margin of 1,701.22% and a negative return on equity of 5.43%. The firm had revenue of $370.59 million during the quarter. analysts forecast that GSV Capital Corp will post 0.25 EPS for the current fiscal year.
GSV Capital Corp declared that its board has authorized a share repurchase plan 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 reacquire shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its shares are undervalued.
In other news, Director David S. Pottruck bought 10,000 shares of the stock in a transaction on Friday, September 15th. The shares were bought at an average price of $5.37 per share, with a total value of $53,700.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Marc Mazur bought 6,000 shares of the stock in a transaction on Monday, August 14th. The stock was purchased at an average cost of $4.45 per share, for a total transaction of $26,700.00. Following the acquisition, the director now owns 6,000 shares of the company’s stock, valued at approximately $26,700. The disclosure for this purchase can be found here. In the last three months, insiders acquired 77,772 shares of company stock worth $392,602. 0.70% of the stock is owned by corporate insiders.
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GSV Capital Corp 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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