Powerlaw (NASDAQ:PWRL) Stock: Insider Mike John Dinsdale Acquires 8,726 Shares

Powerlaw Corp (NASDAQ:PWRL – Get Free Report) CEO Mike Dinsdale purchased 8,726 shares of the stock in a transaction dated Wednesday, September 23rd. The stock was acquired at an average cost of $11.46 per share, for a total transaction of $99,999.96. Following the completion of the transaction, the chief executive officer owned 695,230 shares of the company’s stock, valued at $7,967,335.80. The trade was a 1.27% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Powerlaw Stock Performance

Shares of NASDAQ PWRL traded down $0.36 during trading hours on Thursday, hitting $11.05. 143,855 shares of the company’s stock were exchanged, compared to its average volume of 207,126. The firm has a 50-day moving average of $11.30. Powerlaw Corp has a 1-year low of $9.40 and a 1-year high of $40.00.

Powerlaw Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, December 30th. Shareholders of record on Monday, December 21st will be given a $0.0812 dividend. This represents a $0.97 annualized dividend and a yield of 8.8%. The ex-dividend date of this dividend is Monday, December 21st.

Institutional Investors Weigh In On Powerlaw

Several hedge funds have recently modified their holdings of PWRL. HighTower Advisors LLC acquired a new stake in shares of Powerlaw in the second quarter worth $431,000. Resolute Advisors LLC acquired a new position in Powerlaw during the 2nd quarter valued at $869,000. Bank of America Corp DE acquired a new position in Powerlaw during the 2nd quarter valued at $1,718,000. Finally, Ieq Capital LLC bought a new stake in Powerlaw in the 2nd quarter valued at $232,000.

About Powerlaw

(Get Free Report)

Powerlaw Corp. is a venture capital fund specializing in directly investing. It prefers investing in growth capital and late stage. The fund prefers to invest in private technology companies, technology: artificial intelligence, next-generation software, modern aerospace and defense, and leading consumer technology platforms and enterprise SaaS sectors.

Further Reading

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