NJ State Employees Deferred Compensation Plan continued to hold its stake in shares of GSV Capital Corp (NASDAQ:GSVC) during the second quarter, Holdings Channel reports. The firm owned 65,000 shares of the investment management company’s stock at the end of the second quarter. NJ State Employees Deferred Compensation Plan’s holdings in GSV Capital Corp were worth $282,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of GSVC. Janney Montgomery Scott LLC bought a new stake in shares of GSV Capital Corp during the first quarter worth about $142,000. Supplemental Annuity Collective Trust of NJ boosted its stake in shares of GSV Capital Corp by 94.5% in the first quarter. Supplemental Annuity Collective Trust of NJ now owns 120,000 shares of the investment management company’s stock worth $538,000 after buying an additional 58,288 shares during the period. State of New Jersey Common Pension Fund D boosted its stake in shares of GSV Capital Corp by 6.7% in the first quarter. State of New Jersey Common Pension Fund D now owns 1,600,000 shares of the investment management company’s stock worth $7,168,000 after buying an additional 100,000 shares during the period. Wells Fargo & Company MN boosted its stake in shares of 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 period. Finally, Wellington Management Group LLP boosted its stake in shares of 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 period. 29.62% of the stock is currently owned by institutional investors and hedge funds.

GSV Capital Corp (NASDAQ:GSVC) opened at 4.42 on Thursday. The firm has a 50-day moving average price of $4.17 and a 200-day moving average price of $4.66. GSV Capital Corp has a 52 week low of $3.83 and a 52 week high of $5.61.

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 Thomson Reuters’ consensus estimate of ($0.20) by $0.07. GSV Capital Corp had a negative return on equity of 5.42% and a negative net margin of 6.40%. The firm had revenue of $370.59 million during the quarter. Analysts forecast that GSV Capital Corp will post $0.25 EPS for the current year.

GSV Capital Corp announced that its Board of Directors has initiated a stock buyback program 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 repurchase shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s management believes its stock is undervalued.

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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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Institutional Ownership by Quarter for GSV Capital Corp (NASDAQ:GSVC)

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