GSV Capital Corp (GSVC) Shares Sold by Janney Montgomery Scott LLC
Janney Montgomery Scott LLC decreased its stake in shares of GSV Capital Corp (NASDAQ:GSVC) by 11.0% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 28,300 shares of the investment management company’s stock after selling 3,500 shares during the period. Janney Montgomery Scott LLC’s holdings in GSV Capital Corp were worth $123,000 as of its most recent filing with the SEC.
Other institutional investors also recently added to or reduced their stakes in the company. Oppenheimer & Co. Inc. boosted its position 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 buying an additional 74,300 shares in the last quarter. UBS Group AG boosted its position in shares of 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 worth $117,000 after buying an additional 1,780 shares in the last quarter. Wellington Management Group LLP boosted its position 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 buying an additional 820,036 shares in the last quarter. Wells Fargo & Company MN boosted its position in shares of GSV Capital Corp by 9.1% in the first quarter. Wells Fargo & Company MN now owns 82,401 shares of the investment management company’s stock worth $370,000 after buying an additional 6,858 shares in the last quarter. Finally, NJ State Employees Deferred Compensation Plan acquired a new position in shares of GSV Capital Corp during the first quarter worth about $291,000. Hedge funds and other institutional investors own 29.67% of the company’s stock.
GSV Capital Corp (GSVC) opened at 4.60 on Wednesday. GSV Capital Corp has a 52 week low of $3.83 and a 52 week high of $5.61. The stock has a 50 day moving average of $4.22 and a 200-day moving average of $4.60.
GSV Capital Corp (NASDAQ:GSVC) last issued its quarterly earnings data on Tuesday, August 8th. The investment management company reported ($0.27) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.20) by $0.07. The company 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 1,701.22%. On average, equities research analysts forecast that GSV Capital Corp will post $0.25 earnings per share for the current year.
GSV Capital Corp announced that its Board of Directors has initiated a share repurchase program on Tuesday, August 8th that authorizes the company to buyback $5.00 million in outstanding shares. This buyback authorization authorizes the investment management company to buy shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board believes its stock is undervalued.
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In related news, Director Marc Mazur acquired 6,000 shares of the company’s stock in a transaction that occurred on Monday, August 14th. The shares were acquired at an average price of $4.45 per share, with a total value 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 transaction was disclosed in a 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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