GSV Capital Corp (GSVC) CEO Acquires $49,200.00 in Stock
GSV Capital Corp (NASDAQ:GSVC) CEO Mark D. Klein purchased 10,000 shares of GSV Capital Corp stock in a transaction that occurred on Wednesday, September 6th. The shares were purchased at an average price of $4.92 per share, for a total transaction of $49,200.00. Following the transaction, the chief executive officer now directly owns 67,340 shares in the company, valued at approximately $331,312.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
GSV Capital Corp (GSVC) traded down 1.22% during mid-day trading on Thursday, hitting $4.85. 90,044 shares of the company traded hands. GSV Capital Corp has a one year low of $3.83 and a one year high of $5.61. The firm has a 50 day moving average of $4.34 and a 200 day moving average of $4.56.
GSV Capital Corp (NASDAQ:GSVC) last issued its quarterly earnings data on Tuesday, August 8th. The investment management company reported ($0.27) EPS for the quarter, missing the consensus estimate of ($0.20) by $0.07. The firm had revenue of $370.59 million for the quarter. GSV Capital Corp had a negative net margin of 1,701.22% and a negative return on equity of 5.43%. Equities research analysts forecast that GSV Capital Corp will post $0.25 EPS for the current year.
GSV Capital Corp declared that its Board of Directors has approved a stock repurchase plan on Tuesday, August 8th that permits the company to buyback $5.00 million in shares. This buyback authorization permits the investment management company to reacquire shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its shares are undervalued.
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A number of large investors have recently modified their holdings of GSVC. Janney Montgomery Scott LLC purchased a new position in GSV Capital Corp during the first quarter valued at approximately $142,000. Wells Fargo & Company MN grew its stake in GSV Capital Corp by 9.1% in the 1st 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 in the last quarter. Wellington Management Group LLP grew its stake in GSV Capital Corp by 187.3% in the 1st 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 in the last quarter. UBS Group AG grew its stake in GSV Capital Corp by 7.3% in the 1st 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 in the last quarter. Finally, Oppenheimer & Co. Inc. grew its stake in GSV Capital Corp by 42.9% in the 1st 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 in the last quarter. 29.67% of the stock is owned by institutional investors.
Separately, ValuEngine upgraded shares of GSV Capital Corp from a “hold” rating to a “buy” rating in a research report on Friday, September 1st.
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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