Hyperscale Data (NYSEAMERICAN:GPUS) Chairman Milton Ault III Buys 1,913,691 Shares of Stock

Hyperscale Data, Inc. (NYSEAMERICAN:GPUS) Chairman Milton Ault III acquired 1,913,691 shares of Hyperscale Data stock in a transaction dated Friday, September 4th. The stock was purchased at an average cost of $0.19 per share, for a total transaction of $363,601.29. Following the completion of the purchase, the chairman owned 2,613,692 shares in the company, valued at approximately $496,601.48. The trade was a 273.38% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Hyperscale Data Price Performance

GPUS opened at $0.19 on Wednesday. Hyperscale Data, Inc. has a twelve month low of $0.17 and a twelve month high of $3.65. The company has a fifty day moving average of $0.68 and a 200-day moving average of $0.79. The company has a current ratio of 0.57, a quick ratio of 0.54 and a debt-to-equity ratio of 0.29.

Shares of Hyperscale Data are going to split on Tuesday, September 15th. The 1.04066734 split was recently announced. The newly minted shares will be issued to shareholders after the market closes on Monday, September 14th.

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

Hyperscale Data declared that its board has authorized a stock buyback program on Tuesday, May 26th that allows the company to repurchase $5.00 million in shares. This repurchase authorization allows the company to purchase up to 6.6% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its stock is undervalued.

Institutional Investors Weigh In On Hyperscale Data

Several large investors have recently added to or reduced their stakes in GPUS. Geode Capital Management LLC increased its holdings in Hyperscale Data by 2,029.5% in the fourth 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 bought a new position in shares of Hyperscale Data during the 4th quarter worth approximately $335,000. Virtu Financial LLC acquired a new stake in shares of Hyperscale Data during the 4th quarter worth approximately $152,000. LPL Financial LLC acquired a new stake in shares of Hyperscale Data during the 4th quarter worth approximately $73,000. Finally, Qube Research & Technologies Ltd bought a new stake in shares of Hyperscale Data in the 2nd quarter valued at $47,000. Institutional investors and hedge funds own 41.05% of the company’s stock.

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.