Leonard Potter Acquires 10,000 Shares of GSV Capital Corp (GSVC) Stock
GSV Capital Corp (NASDAQ:GSVC) Director Leonard Potter acquired 10,000 shares of the stock in a transaction dated Tuesday, September 12th. The stock was acquired at an average cost of $5.17 per share, for a total transaction of $51,700.00. Following the purchase, the director now directly owns 34,333 shares in the company, valued at $177,501.61. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.
GSV Capital Corp (GSVC) traded down 2.30% on Wednesday, hitting $5.09. 73,567 shares of the stock traded hands. GSV Capital Corp has a 12-month low of $3.83 and a 12-month high of $5.61. The company’s 50 day moving average price is $4.44 and its 200-day moving average price is $4.55.
GSV Capital Corp (NASDAQ:GSVC) last released its earnings results 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). 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. Equities analysts forecast that GSV Capital Corp will post $0.25 EPS for the current year.
GSV Capital Corp declared that its board has initiated a share repurchase plan on Tuesday, August 8th that allows the company to buyback $5.00 million in outstanding shares. This buyback authorization allows the investment management company to repurchase shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.
A number of institutional investors have recently added to or reduced their stakes in GSVC. Janney Montgomery Scott LLC acquired a new position in GSV Capital Corp during the 1st quarter valued at about $142,000. Wells Fargo & Company MN lifted its position in GSV Capital Corp by 9.1% during the 1st quarter. Wells Fargo & Company MN now owns 82,401 shares of the investment management company’s stock valued at $370,000 after purchasing an additional 6,858 shares during the period. Wellington Management Group LLP lifted its position 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 during the period. UBS Group AG lifted its position 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 during the period. Finally, Oppenheimer & Co. Inc. lifted its position 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 during the period. Institutional investors own 29.67% of the company’s stock.
Separately, ValuEngine raised shares of 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.
Receive News & Stock Ratings for GSV Capital Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GSV Capital Corp and related stocks with our FREE daily email newsletter.