Hyperscale Data (NYSEAMERICAN:GPUS) Chairman Milton Ault III Buys 89,000 Shares

Hyperscale Data, Inc. (NYSEAMERICAN:GPUS) Chairman Milton Ault III purchased 89,000 shares of the company’s stock in a transaction on Monday, August 31st. The stock was bought at an average cost of $0.27 per share, for a total transaction of $24,030.00. Following the acquisition, the chairman directly owned 294,501 shares of the company’s stock, valued at $79,515.27. This represents a 43.31% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Hyperscale Data Price Performance

Shares of NYSEAMERICAN GPUS opened at $0.28 on Tuesday. The stock’s fifty day simple moving average is $0.76 and its 200 day simple moving average is $0.83. 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 52-week low of $0.26 and a 52-week high of $3.65.

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

Hyperscale Data announced that its board has approved a share repurchase plan on Tuesday, May 26th that permits the company to buyback $5.00 million in shares. This buyback authorization permits the company to purchase up to 6.6% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in GPUS. Geode Capital Management LLC grew its position in Hyperscale Data by 2,029.5% during 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. State Street Corp acquired a new stake in Hyperscale Data during the 4th quarter worth about $335,000. Virtu Financial LLC acquired a new position in shares of Hyperscale Data in the 4th quarter valued at about $152,000. LPL Financial LLC purchased a new stake in shares of Hyperscale Data in the fourth quarter worth approximately $73,000. Finally, Qube Research & Technologies Ltd purchased a new stake in shares of Hyperscale Data in the second quarter worth approximately $47,000. 41.05% of the stock is owned by hedge funds and other institutional investors.

About Hyperscale Data

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.