Hyperscale Data (NYSEAMERICAN:GPUS) Chairman Purchases $363,601.29 in Stock

Hyperscale Data, Inc. (NYSEAMERICAN:GPUS) Chairman Milton Ault III bought 1,913,691 shares of Hyperscale Data stock in a transaction on Friday, September 4th. The shares were purchased at an average cost of $0.19 per share, for a total transaction of $363,601.29. Following the completion of the purchase, the chairman directly owned 2,613,692 shares of the company’s stock, valued at $496,601.48. This trade represents a 273.38% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link.

Hyperscale Data Stock Performance

Hyperscale Data stock opened at $0.19 on Friday. The firm has a 50 day simple moving average of $0.66 and a 200-day simple moving average of $0.78. Hyperscale Data, Inc. has a 1-year low of $0.17 and a 1-year high of $3.65. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.57 and a quick ratio of 0.54.

Hyperscale Data shares are set to split before the market opens on Tuesday, September 15th. The 1.04066734 split was recently announced. The newly issued shares will be issued to shareholders after the market closes on Monday, September 14th.

Hyperscale Data (NYSEAMERICAN:GPUS) last released its quarterly earnings results on Wednesday, August 19th. The company reported ($0.25) EPS for the quarter. Hyperscale Data had a negative net margin of 71.03% and a negative return on equity of 97.52%. The firm had revenue of $34.84 million for the quarter.

Hyperscale Data announced that its board has initiated a stock repurchase program on Tuesday, May 26th that allows the company to buyback $5.00 million in shares. This buyback authorization allows the company to buy up to 6.6% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Hedge Funds Weigh In On Hyperscale Data

A number of hedge funds have recently modified their holdings of GPUS. Virtu Financial LLC purchased a new stake in Hyperscale Data in the 4th quarter valued at about $152,000. State Street Corp acquired a new position in Hyperscale Data in the fourth quarter valued at about $335,000. Geode Capital Management LLC boosted its stake in Hyperscale Data by 2,029.5% during the fourth quarter. Geode Capital Management LLC now owns 3,482,917 shares of the company’s stock worth $639,000 after buying an additional 3,319,363 shares during the period. LPL Financial LLC purchased a new position in Hyperscale Data during the fourth quarter worth about $73,000. Finally, Qube Research & Technologies Ltd acquired a new stake in shares of Hyperscale Data during the second quarter valued at about $47,000. 41.05% of the stock is currently owned by hedge funds and other institutional investors.

About Hyperscale Data

Hyperscale Data, Inc, through its subsidiaries, provides customized solutions for the military markets in North America, Europe, the Middle East, and internationally. It operates through eight segments: Energy and Infrastructure, Technology and Finance, SMC, Sentinum, GIGA, TurnOnGreen, ROI, and Ault Disruptive. The company offers lifting services; virtual markets, real world goods marketplaces, gaming, sweepstakes gaming, contest of skill, and building private spaces, as well as socialization and connectivity and real and virtual concerts.