Hyperscale Data (NYSEAMERICAN:GPUS) Chairman Milton Ault III Acquires 150,000 Shares of Stock

Hyperscale Data, Inc. (NYSEAMERICAN:GPUS) Chairman Milton Ault III acquired 150,000 shares of the firm’s stock in a transaction dated Friday, September 11th. The shares were acquired at an average price of $0.19 per share, with a total value of $28,500.00. Following the acquisition, the chairman owned 2,763,692 shares in the company, valued at approximately $525,101.48. The trade was a 5.74% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link.

Hyperscale Data Trading Down 0.3%

Shares of NYSEAMERICAN:GPUS opened at $0.19 on Friday. The company has a current ratio of 0.57, a quick ratio of 0.54 and a debt-to-equity ratio of 0.29. Hyperscale Data, Inc. has a twelve month low of $0.17 and a twelve month high of $3.65. The company’s 50 day moving average is $0.65 and its 200 day moving average is $0.78.

Hyperscale Data’s stock is scheduled to split on Tuesday, September 15th. The 1.04066734 split was recently announced. The newly created shares will be distributed to shareholders after the closing bell on Monday, September 14th.

Hyperscale Data (NYSEAMERICAN:GPUS) last posted 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 business had revenue of $34.84 million for the quarter.

Hyperscale Data declared that its board has initiated a stock repurchase plan on Tuesday, May 26th that permits the company to repurchase $5.00 million in shares. This repurchase authorization permits the company to repurchase up to 6.6% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. LPL Financial LLC acquired a new stake in Hyperscale Data in the fourth quarter valued at approximately $73,000. State Street Corp purchased a new position in shares of Hyperscale Data during the 4th quarter valued at approximately $335,000. Qube Research & Technologies Ltd acquired a new stake in Hyperscale Data in the 2nd quarter valued at $47,000. Geode Capital Management LLC grew its stake in Hyperscale Data by 2,029.5% in the 4th quarter. Geode Capital Management LLC now owns 3,482,917 shares of the company’s stock valued at $639,000 after acquiring an additional 3,319,363 shares during the period. Finally, Virtu Financial LLC purchased a new stake in Hyperscale Data in the 4th quarter worth $152,000. 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.