Hyperscale Data Stock Set to Split on Tuesday, September 15th (NYSEAMERICAN:GPUS)

Hyperscale Data, Inc. (NYSEAMERICAN:GPUS) shares are going to split on the morning of Tuesday, September 15th. The 1.04066734 split was recently announced. The newly minted shares will be payable to shareholders after the market closes on Monday, September 14th.

Hyperscale Data Stock Performance

NYSEAMERICAN:GPUS remained flat at $0.19 during mid-day trading on Monday. The company’s stock had a trading volume of 62,222,022 shares, compared to its average volume of 24,555,876. The company has a 50 day moving average of $0.70 and a two-hundred day moving average of $0.80. Hyperscale Data has a twelve month low of $0.17 and a twelve month high of $3.65. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.54 and a current ratio of 0.57.

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

Hyperscale Data declared that its Board of Directors has initiated a share buyback plan on Tuesday, May 26th that authorizes the company to buyback $5.00 million in shares. This buyback authorization authorizes the company to purchase up to 6.6% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its stock is undervalued.

Insider Activity at Hyperscale Data

In other news, CEO William B. Horne purchased 40,000 shares of the company’s stock in a transaction on Thursday, June 11th. The stock was acquired at an average cost of $0.85 per share, for a total transaction of $34,000.00. Following the completion of the transaction, the chief executive officer directly owned 40,000 shares in the company, valued at $34,000. This trade represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Chairman Milton C. Ault III purchased 150,000 shares of the company’s stock in a transaction on Friday, August 28th. The stock was purchased at an average price of $0.30 per share, with a total value of $45,000.00. Following the completion of the transaction, the chairman owned 700,001 shares of the company’s stock, valued at approximately $210,000.30. This trade represents a 27.27% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired 633,260 shares of company stock worth $318,070 in the last ninety days. Insiders own 40.09% of the company’s stock.

Institutional Investors Weigh In On Hyperscale Data

A number of institutional investors have recently bought and sold shares of the business. Qube Research & Technologies Ltd bought a new stake in Hyperscale Data during the second quarter valued at about $47,000. Geode Capital Management LLC grew its position in shares of Hyperscale Data by 2,029.5% during 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. LPL Financial LLC bought a new stake in Hyperscale Data during the 4th quarter valued at approximately $73,000. State Street Corp bought a new stake in Hyperscale Data during the 4th quarter valued at approximately $335,000. Finally, Virtu Financial LLC purchased a new position in Hyperscale Data in the 4th quarter worth approximately $152,000. Hedge funds and other institutional investors own 41.05% of the company’s stock.

Hyperscale Data Company Profile

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.