GSV Capital Corp (GSVC) Hits New 1-Year High at $6.12
GSV Capital Corp (NASDAQ:GSVC) hit a new 52-week high during trading on Wednesday . The company traded as high as $6.12 and last traded at $6.11, with a volume of 235024 shares trading hands. The stock had previously closed at $5.88.
Separately, ValuEngine raised shares of GSV Capital Corp from a “hold” rating to a “buy” rating in a report on Friday, September 1st.
The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.03 and a current ratio of 0.03.
GSV Capital Corp (NASDAQ:GSVC) last announced its quarterly earnings results on Tuesday, August 8th. The investment management company reported ($0.27) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.20) by ($0.07). GSV Capital Corp had a negative net margin of 1,701.22% and a negative return on equity of 5.43%. The business had revenue of $370.59 million for the quarter. sell-side analysts anticipate that GSV Capital Corp will post 0.25 earnings per share for the current year.
GSV Capital Corp announced that its board has authorized a share buyback program 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 programs are typically a sign that the company’s board believes its shares are undervalued.
In other news, Director Marc Mazur purchased 6,000 shares of GSV Capital Corp stock in a transaction dated Monday, August 14th. The shares were bought at an average cost of $4.45 per share, for a total transaction of $26,700.00. Following the completion of the acquisition, the director now owns 6,000 shares in the company, valued at approximately $26,700. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Mark D. Klein purchased 10,000 shares of GSV Capital Corp stock in a transaction dated Wednesday, September 27th. The shares were purchased at an average price of $5.02 per share, for a total transaction of $50,200.00. Following the completion of the acquisition, the chief executive officer now owns 97,340 shares of the company’s stock, valued at approximately $488,646.80. The disclosure for this purchase can be found here. Insiders have bought 77,772 shares of company stock valued at $392,602 in the last three months. Insiders own 0.70% of the company’s stock.
Several institutional investors have recently bought and sold shares of the stock. UBS Group AG lifted its stake 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 valued at $117,000 after buying an additional 1,780 shares during the period. Wells Fargo & Company MN grew its holdings in GSV Capital Corp by 9.1% during 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 in the last quarter. Intrinsic Edge Capital Management LLC bought a new stake in GSV Capital Corp during the second quarter worth $389,000. Finally, NJ State Employees Deferred Compensation Plan grew its holdings in GSV Capital Corp by 23.1% during the third quarter. NJ State Employees Deferred Compensation Plan now owns 80,000 shares of the investment management company’s stock worth $433,000 after buying an additional 15,000 shares in the last quarter. 28.90% of the stock is currently owned by institutional investors.
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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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