GSV Capital Corp (GSVC) Receiving Somewhat Favorable News Coverage, Analysis Shows
News headlines about GSV Capital Corp (NASDAQ:GSVC) have been trending somewhat positive recently, according to Accern Sentiment. The research group rates the sentiment of news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. GSV Capital Corp earned a news sentiment score of 0.10 on Accern’s scale. Accern also assigned news articles about the investment management company an impact score of 46.9070148359083 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the news articles that may have impacted Accern’s rankings:
- GSV Capital Corp (NASDAQ:GSVC) Director Marc Mazur Buys 6,000 Shares (americanbankingnews.com)
- Gsv Capital Corp (GSVC) MFI Reading Under the Microscope – FLBC News (flbcnews.com)
- Founders Capital Management Increases Stake in Bristol-Myers Squibb Company (BMY) (newstrendstoday.com)
- Edited Transcript of GSVC earnings conference call or presentation 8-Aug-17 9:00pm GMT (finance.yahoo.com)
- GSV Capital Corp (GSVC) to Buyback $5.00 million in Outstanding Shares (americanbankingnews.com)
GSV Capital Corp (NASDAQ:GSVC) opened at 4.43 on Tuesday. GSV Capital Corp has a 52-week low of $3.83 and a 52-week high of $5.61. The firm has a 50-day moving average price of $4.17 and a 200 day moving average price of $4.63.
GSV Capital Corp (NASDAQ:GSVC) last announced its quarterly earnings results on Tuesday, August 8th. The investment management company reported ($0.27) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.20) by $0.07. The firm had revenue of $370.59 million for the quarter. GSV Capital Corp had a negative return on equity of 5.43% and a negative net margin of 6.40%. On average, equities research analysts predict that GSV Capital Corp will post $0.25 EPS for the current year.
GSV Capital Corp announced that its Board of Directors has approved a stock buyback program on Tuesday, August 8th that permits the company to buyback $5.00 million in shares. This buyback authorization permits the investment management company to repurchase shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.
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In other news, Director Marc Mazur purchased 6,000 shares of the company’s stock in a transaction on Monday, August 14th. The stock was bought at an average cost of $4.45 per share, for a total transaction of $26,700.00. Following the completion of the purchase, the director now directly owns 6,000 shares of the company’s stock, valued at approximately $26,700. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.50% of the company’s stock.
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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