Firsthand Technology Value Fund (NASDAQ:SVVC) Coverage Initiated by Analysts at StockNews.com

StockNews.com started coverage on shares of Firsthand Technology Value Fund (NASDAQ:SVVCGet Rating) in a research note released on Monday morning. The brokerage issued a hold rating on the investment management company’s stock.

Firsthand Technology Value Fund Trading Up 3.5 %

NASDAQ SVVC opened at $1.17 on Monday. The company has a fifty day simple moving average of $1.27 and a two-hundred day simple moving average of $1.76. The stock has a market cap of $8.06 million, a P/E ratio of -0.13 and a beta of 1.42. Firsthand Technology Value Fund has a 12-month low of $1.07 and a 12-month high of $4.48.

Institutional Investors Weigh In On Firsthand Technology Value Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Shufro Rose & Co. LLC acquired a new position in shares of Firsthand Technology Value Fund in the 1st quarter valued at about $61,000. Yakira Capital Management Inc. lifted its holdings in Firsthand Technology Value Fund by 17.0% in the first quarter. Yakira Capital Management Inc. now owns 99,309 shares of the investment management company’s stock valued at $345,000 after acquiring an additional 14,400 shares during the period. Finally, Atria Wealth Solutions Inc. purchased a new stake in Firsthand Technology Value Fund in the 1st quarter worth approximately $79,000. 8.01% of the stock is owned by institutional investors and hedge funds.

Firsthand Technology Value Fund Company Profile

(Get Rating)

Firsthand Technology Value Fund, Inc is a business development company specializes in venture capital investments in start-up, early stage, middle stage, late stage, early development stage, and PIPEs. It seeks to invest in pre-IPO companies. The fund also seeks to make investments in companies with operating histories that are unprofitable or marginally profitable, that have negative net worth, or that are involved in bankruptcy or reorganization proceedings.

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