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
About Powerlaw
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.
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