GSV Capital Corp (GSVC) Scheduled to Post Earnings on Monday
GSV Capital Corp (NASDAQ:GSVC) is scheduled to be posting its quarterly earnings results after the market closes on Monday, November 6th. Analysts expect GSV Capital Corp to post earnings of ($0.09) per share for the quarter.
GSV Capital Corp (NASDAQ:GSVC) last issued its quarterly earnings results on Tuesday, August 8th. The investment management company reported ($0.27) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.07). The business had revenue of $370.59 million during the quarter. GSV Capital Corp had a negative return on equity of 5.43% and a negative net margin of 1,701.22%. On average, analysts expect GSV Capital Corp to post $0.25 EPS for the current fiscal year and $0.3 EPS for the next fiscal year.
GSV Capital Corp (NASDAQ:GSVC) traded up 0.71% during trading on Monday, hitting $5.69. The stock had a trading volume of 42,164 shares. GSV Capital Corp has a 12-month low of $3.83 and a 12-month high of $6.00. The company has a 50 day moving average of $5.49 and a 200-day moving average of $4.69.
GSV Capital Corp declared that its Board of Directors has approved a share repurchase 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 reacquire shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.
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Separately, ValuEngine upgraded GSV Capital Corp from a “hold” rating to a “buy” rating in a research note on Friday, September 1st.
In related news, CEO Mark D. Klein purchased 10,000 shares of the firm’s stock in a transaction dated Wednesday, August 30th. The stock was bought at an average price of $4.64 per share, for a total transaction of $46,400.00. Following the purchase, the chief executive officer now owns 57,340 shares in the company, valued at approximately $266,057.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Marc Mazur purchased 6,000 shares of the firm’s stock in a transaction dated Monday, August 14th. The shares were bought at an average price of $4.45 per share, with a total value of $26,700.00. Following the purchase, the director now owns 6,000 shares in the company, valued at approximately $26,700. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 77,772 shares of company stock valued at $392,602. 0.70% of the stock is currently owned by corporate insiders.
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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