Mark D. Klein Purchases 10,000 Shares of GSV Capital Corp (GSVC) Stock
GSV Capital Corp (NASDAQ:GSVC) CEO Mark D. Klein acquired 10,000 shares of the stock in a transaction dated Wednesday, September 6th. The shares were bought at an average cost of $4.92 per share, with a total value of $49,200.00. Following the completion of the transaction, the chief executive officer now owns 67,340 shares of the company’s stock, valued at approximately $331,312.80. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Shares of GSV Capital Corp (NASDAQ:GSVC) traded up 2.68% during trading on Friday, reaching $4.98. The company had a trading volume of 149,625 shares. The firm has a 50-day moving average price of $4.38 and a 200-day moving average price of $4.56. GSV Capital Corp has a 52-week low of $3.83 and a 52-week high of $5.61.
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 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 business had revenue of $370.59 million for the quarter. On average, analysts forecast that GSV Capital Corp will post $0.25 EPS for the current fiscal year.
GSV Capital Corp announced that its Board of Directors has authorized a share repurchase plan on Tuesday, August 8th that allows the company to buyback $5.00 million in shares. This buyback authorization allows the investment management company to reacquire shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s leadership believes its shares are undervalued.
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A number of hedge funds and other institutional investors have recently modified their holdings of the business. Intrinsic Edge Capital Management LLC acquired a new stake in GSV Capital Corp during the 2nd quarter valued at approximately $389,000. Wells Fargo & Company MN grew its stake in GSV Capital Corp by 5.9% during the 2nd quarter. Wells Fargo & Company MN now owns 87,301 shares of the investment management company’s stock valued at $379,000 after purchasing an additional 4,900 shares in the last quarter. Oppenheimer & Co. Inc. grew its stake in GSV Capital Corp by 42.9% during the 1st quarter. Oppenheimer & Co. Inc. now owns 247,457 shares of the investment management company’s stock valued at $1,109,000 after purchasing an additional 74,300 shares in the last quarter. UBS Group AG grew its stake in GSV Capital Corp by 7.3% during the 1st quarter. UBS Group AG now owns 26,138 shares of the investment management company’s stock valued at $117,000 after purchasing an additional 1,780 shares in the last quarter. Finally, Wellington Management Group LLP grew its stake in GSV Capital Corp by 187.3% during the 1st quarter. Wellington Management Group LLP now owns 1,257,796 shares of the investment management company’s stock valued at $5,635,000 after purchasing an additional 820,036 shares in the last quarter. Hedge funds and other institutional investors own 29.67% of the company’s stock.
Separately, ValuEngine raised GSV Capital Corp from a “hold” rating to a “buy” rating in a research report on Friday, September 1st.
GSV Capital Corp Company 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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