Insider Buying: Hyperscale Data (NYSEAMERICAN:GPUS) General Counsel Acquires $47,500.00 in Stock

Hyperscale Data, Inc. (NYSEAMERICAN:GPUS) General Counsel Henry Carl Nisser purchased 250,000 shares of the company’s stock in a transaction that occurred on Friday, September 4th. The shares were acquired at an average price of $0.19 per share, for a total transaction of $47,500.00. Following the completion of the acquisition, the general counsel directly owned 250,000 shares of the company’s stock, valued at $47,500. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Hyperscale Data Stock Performance

NYSEAMERICAN:GPUS traded up $0.00 during trading on Tuesday, reaching $0.19. The company’s stock had a trading volume of 41,651,527 shares, compared to its average volume of 15,162,780. The company has a quick ratio of 0.54, a current ratio of 0.57 and a debt-to-equity ratio of 0.29. The firm has a 50 day moving average of $0.69 and a 200-day moving average of $0.80. Hyperscale Data, Inc. has a 12 month low of $0.17 and a 12 month high of $3.65.

Shares of Hyperscale Data are scheduled to split on Tuesday, September 15th. The 1.04066734 split was recently announced. The newly issued shares will be distributed to shareholders after the closing bell on Monday, September 14th.

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

Hyperscale Data announced that its board has initiated a share repurchase program on Tuesday, May 26th that authorizes the company to buyback $5.00 million in shares. This buyback authorization authorizes the company to reacquire up to 6.6% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its stock is undervalued.

Institutional Inflows and Outflows

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