GSV Capital Corp (GSVC) Releases Earnings Results, Misses Estimates By $0.07 EPS
GSV Capital Corp (NASDAQ:GSVC) released its quarterly earnings results on Tuesday. The investment management company reported ($0.27) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.20) by $0.07, Morningstar.com reports.
GSV Capital Corp (NASDAQ GSVC) opened at 3.86 on Wednesday. GSV Capital Corp has a 52-week low of $3.83 and a 52-week high of $5.80. The company has a 50 day moving average price of $4.20 and a 200-day moving average price of $4.69.
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Several large investors have recently made changes to their positions in GSVC. Oppenheimer & Co. Inc. boosted its stake in shares of GSV Capital Corp by 42.9% in the first quarter. Oppenheimer & Co. Inc. now owns 247,457 shares of the investment management company’s stock worth $1,109,000 after buying an additional 74,300 shares during the period. UBS Group AG boosted its stake in shares of GSV Capital Corp by 7.3% in the first quarter. UBS Group AG now owns 26,138 shares of the investment management company’s stock worth $117,000 after buying an additional 1,780 shares during the period. Wellington Management Group LLP boosted its position in GSV Capital Corp by 187.3% in the first quarter. Wellington Management Group LLP now owns 1,257,796 shares of the investment management company’s stock worth $5,635,000 after buying an additional 820,036 shares during the last quarter. Wells Fargo & Company MN boosted its position in GSV Capital Corp by 9.1% in the first quarter. Wells Fargo & Company MN now owns 82,401 shares of the investment management company’s stock worth $370,000 after buying an additional 6,858 shares during the last quarter. Finally, NJ State Employees Deferred Compensation Plan acquired a new position in GSV Capital Corp during the first quarter worth about $291,000. 29.62% of the stock is owned by institutional investors and hedge funds.
GSV Capital Corp Company Profile
GSV Capital Corp. (GSV Capital) is an externally managed, non-diversified closed-end management investment company. The Company’s investment objective is to maximize its portfolio’s total return, principally by seeking capital gains on its equity and equity-related investments. The Company invests principally in the equity securities, which are venture-capital-backed emerging companies.
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