Mark D. Klein Acquires 10,000 Shares of GSV Capital Corp (GSVC) Stock
GSV Capital Corp (NASDAQ:GSVC) CEO Mark D. Klein purchased 10,000 shares of the stock in a transaction dated Wednesday, September 13th. The stock was acquired at an average cost of $5.11 per share, for a total transaction of $51,100.00. Following the completion of the transaction, the chief executive officer now owns 77,340 shares of the company’s stock, valued at approximately $395,207.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Shares of GSV Capital Corp (GSVC) traded up 0.59% during midday trading on Thursday, hitting $5.12. The stock had a trading volume of 90,723 shares. GSV Capital Corp has a 1-year low of $3.83 and a 1-year high of $5.61. The company’s 50 day moving average price is $4.50 and its 200-day moving average price is $4.55.
GSV Capital Corp (NASDAQ:GSVC) last issued its earnings results on Tuesday, August 8th. The investment management company reported ($0.27) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.20) by ($0.07). The firm had revenue of $370.59 million during 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 expect that GSV Capital Corp will post $0.25 EPS for the current fiscal year.
GSV Capital Corp announced that its Board of Directors has initiated a share buyback plan on Tuesday, August 8th that permits the company to repurchase $5.00 million in outstanding shares. This repurchase authorization permits the investment management company to purchase shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its shares are undervalued.
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Separately, ValuEngine raised GSV Capital Corp from a “hold” rating to a “buy” rating in a research report on Friday, September 1st.
Hedge funds have recently modified their holdings of the company. UBS Group AG raised its holdings in shares of 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 valued at $117,000 after purchasing an additional 1,780 shares during the period. Janney Montgomery Scott LLC bought a new stake in shares of GSV Capital Corp in the 1st quarter valued at about $142,000. Wells Fargo & Company MN raised its holdings in shares of 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 valued at $370,000 after purchasing an additional 6,858 shares during the period. Intrinsic Edge Capital Management LLC bought a new stake in shares of GSV Capital Corp in the 2nd quarter valued at about $389,000. Finally, Oppenheimer & Co. Inc. raised its holdings in shares of 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 valued at $1,109,000 after purchasing an additional 74,300 shares during the period. 29.67% of the stock is currently owned by institutional investors.
About GSV Capital Corp
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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