Hyperscale Data (NYSEAMERICAN:GPUS) Shares Set to Split on Tuesday, September 15th

Shares of Hyperscale Data, Inc. (NYSEAMERICAN:GPUS) are set to split on Tuesday, September 15th. The 1.04066734 split was recently announced. The newly minted shares will be payable to shareholders after the market closes on Monday, September 14th.

Hyperscale Data Price Performance

Shares of Hyperscale Data stock remained flat at $0.19 during trading on Monday. 62,222,022 shares of the company were exchanged, compared to its average volume of 24,555,876. The company has a quick ratio of 0.54, a current ratio of 0.57 and a debt-to-equity ratio of 0.29. Hyperscale Data has a 52 week low of $0.17 and a 52 week high of $3.65. The company has a fifty day moving average price of $0.69 and a 200 day moving average price of $0.80.

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

Hyperscale Data announced that its Board of Directors has approved a share repurchase plan on Tuesday, May 26th that permits the company to repurchase $5.00 million in shares. This repurchase authorization permits the company to repurchase up to 6.6% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

Insider Activity at Hyperscale Data

In other news, CEO William B. Horne acquired 40,000 shares of the firm’s stock in a transaction dated Thursday, June 11th. The stock was purchased at an average price of $0.85 per share, for a total transaction of $34,000.00. Following the completion of the acquisition, the chief executive officer directly owned 40,000 shares in the company, valued at $34,000. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Chairman Milton C. Ault III acquired 150,000 shares of the firm’s stock in a transaction dated Friday, August 28th. The shares were purchased at an average price of $0.30 per share, with a total value of $45,000.00. Following the acquisition, the chairman owned 700,001 shares of the company’s stock, valued at approximately $210,000.30. This represents a 27.27% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders acquired 633,260 shares of company stock worth $318,070. Corporate insiders own 40.09% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Geode Capital Management LLC increased its position in shares of 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 acquiring an additional 3,319,363 shares in the last quarter. State Street Corp bought a new position in Hyperscale Data in the 4th quarter valued at about $335,000. Virtu Financial LLC bought a new position in Hyperscale Data in the 4th quarter valued at about $152,000. LPL Financial LLC acquired a new position in Hyperscale Data during the 4th quarter valued at about $73,000. Finally, Qube Research & Technologies Ltd acquired a new position in Hyperscale Data during the 2nd quarter valued at about $47,000. 41.05% of the stock is owned by institutional investors.

Hyperscale Data Company Profile

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.