Kevin M. Landis Acquires 2,000 Shares of Firsthand Technology Value Fund, Inc. (NASDAQ:SVVC) Stock

Firsthand Technology Value Fund, Inc. (NASDAQ:SVVC) President Kevin M. Landis acquired 2,000 shares of the stock in a transaction dated Tuesday, June 8th. The stock was bought at an average cost of $5.61 per share, with a total value of $11,220.00. Following the completion of the purchase, the president now directly owns 621,429 shares in the company, valued at $3,486,216.69. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

NASDAQ:SVVC opened at $5.67 on Friday. The company has a market cap of $39.08 million, a price-to-earnings ratio of 1.23 and a beta of 1.66. Firsthand Technology Value Fund, Inc. has a 1 year low of $2.98 and a 1 year high of $7.37. The company has a 50 day moving average of $6.08.

Firsthand Technology Value Fund (NASDAQ:SVVC) last posted its quarterly earnings data on Friday, May 14th. The investment management company reported $0.07 earnings per share (EPS) for the quarter. Firsthand Technology Value Fund had a return on equity of 1.09% and a net margin of 781.32%. The business had revenue of $1.29 million during the quarter.

An institutional investor recently raised its position in Firsthand Technology Value Fund stock. Game Plan Financial Advisors LLC increased its holdings in shares of Firsthand Technology Value Fund, Inc. (NASDAQ:SVVC) by 50.1% in the first quarter, according to its most recent filing with the SEC. The fund owned 55,316 shares of the investment management company’s stock after acquiring an additional 18,451 shares during the period. Game Plan Financial Advisors LLC owned about 0.80% of Firsthand Technology Value Fund worth $301,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 4.16% of the company’s stock.

About Firsthand Technology Value Fund

Firsthand Technology Value Fund, Inc is a business development company specializes in investments in start-up, late, development stage, and PIPEs. It seeks to invest in pre-IPO companies. The fund also seeks to make investments in companies with operating histories that are unprofitable or marginally profitable, that have negative net worth, or that are involved in bankruptcy or reorganization proceedings.

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