State of New Jersey Common Pension Fund D held its position in GSV Capital Corp (NASDAQ:GSVC) during the second quarter, Holdings Channel reports. The firm owned 1,600,000 shares of the investment management company’s stock at the end of the second quarter. State of New Jersey Common Pension Fund D’s holdings in GSV Capital Corp were worth $6,944,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in GSVC. UBS Group AG raised its position in 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 last quarter. Janney Montgomery Scott LLC bought a new position in GSV Capital Corp during the first quarter worth $142,000. NJ State Employees Deferred Compensation Plan bought a new position in GSV Capital Corp during the first quarter worth $291,000. Wells Fargo & Company MN raised 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, Supplemental Annuity Collective Trust of NJ raised its position in 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 last quarter. Institutional investors and hedge funds own 29.62% of the company’s stock.

GSV Capital Corp (GSVC) opened at 4.435 on Friday. The company has a 50 day moving average price of $4.17 and a 200 day moving average price of $4.65. 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 announced its earnings results on Tuesday, August 8th. The investment management company reported ($0.27) earnings per share for the quarter, missing the consensus estimate of ($0.20) by $0.07. GSV Capital Corp had a negative return on equity of 5.43% and a negative net margin of 6.40%. The business had revenue of $370.59 million for the quarter. Equities analysts forecast that GSV Capital Corp will post $0.38 earnings per share for the current year.

GSV Capital Corp announced that its Board of Directors has approved a share buyback plan on Tuesday, August 8th that permits the company to repurchase $5.00 million in shares. This repurchase authorization permits the investment management company to reacquire shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

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

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