Oppenheimer & Co. Inc. decreased its position in GSV Capital Corp (NASDAQ:GSVC) by 1.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 244,457 shares of the investment management company’s stock after selling 3,000 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in GSV Capital Corp were worth $1,061,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also recently added to or reduced their stakes in the business. UBS Group AG increased its stake in GSV Capital Corp by 7.3% in the 1st quarter. UBS Group AG now owns 26,138 shares of the investment management company’s stock worth $117,000 after acquiring an additional 1,780 shares during the last quarter. Wellington Management Group LLP increased its stake in GSV Capital Corp by 187.3% in the 1st quarter. Wellington Management Group LLP now owns 1,257,796 shares of the investment management company’s stock worth $5,635,000 after acquiring an additional 820,036 shares during the last quarter. Wells Fargo & Company MN increased its stake in GSV Capital Corp by 9.1% in the 1st quarter. Wells Fargo & Company MN now owns 82,401 shares of the investment management company’s stock worth $370,000 after acquiring an additional 6,858 shares during the last quarter. Finally, Janney Montgomery Scott LLC bought a new stake in GSV Capital Corp in the 1st quarter worth approximately $142,000. 29.67% of the stock is currently owned by institutional investors and hedge funds.
Separately, ValuEngine raised GSV Capital Corp from a “hold” rating to a “buy” rating in a research note on Friday, September 1st.
In other news, CEO Mark D. Klein bought 10,000 shares of the firm’s stock in a transaction dated Wednesday, September 6th. The shares were acquired at an average price of $4.92 per share, for a total transaction of $49,200.00. Following the completion of the transaction, the chief executive officer now directly owns 67,340 shares in the company, valued at approximately $331,312.80. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Marc Mazur bought 6,000 shares of the firm’s stock in a transaction dated Monday, August 14th. The stock was purchased at an average price of $4.45 per share, for a total transaction of $26,700.00. Following the transaction, the director now owns 6,000 shares of the company’s stock, valued at $26,700. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 26,000 shares of company stock worth $122,300. Company insiders own 0.50% of the company’s stock.
Shares of GSV Capital Corp (NASDAQ GSVC) opened at 4.98 on Friday. GSV Capital Corp has a 1-year low of $3.83 and a 1-year high of $5.61. The firm has a 50-day moving average price of $4.38 and a 200-day moving average price of $4.56.
GSV Capital Corp (NASDAQ:GSVC) last released its earnings results on Tuesday, August 8th. The investment management company reported ($0.27) earnings per share for the quarter, missing the consensus estimate of ($0.20) by $0.07. The firm had revenue of $370.59 million during the quarter. GSV Capital Corp had a negative net margin of 1,701.22% and a negative return on equity of 5.43%. Analysts predict that GSV Capital Corp will post $0.25 earnings per share for the current year.
GSV Capital Corp declared that its Board of Directors has approved a share buyback program on Tuesday, August 8th that authorizes the company to buyback $5.00 million in outstanding shares. This buyback authorization authorizes the investment management company to reacquire shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board believes its stock is undervalued.
GSV Capital Corp 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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