GSV Capital Corp (NASDAQ:GSVC) saw some unusual options trading activity on Friday. Stock traders acquired 1,194 call options on the company. This represents an increase of approximately 1,144% compared to the typical daily volume of 96 call options.
Hedge funds have recently modified their holdings of the business. OxFORD Asset Management LLP bought a new position in GSV Capital in the 3rd quarter worth about $725,000. Intrinsic Edge Capital Management LLC purchased a new stake in shares of GSV Capital in the 2nd quarter worth approximately $389,000. NJ State Employees Deferred Compensation Plan lifted its position in shares of GSV Capital by 23.1% in the 3rd quarter. NJ State Employees Deferred Compensation Plan now owns 80,000 shares of the investment management company’s stock worth $433,000 after purchasing an additional 15,000 shares during the period. Wells Fargo & Company MN lifted its position in shares of GSV Capital by 5.9% in the 2nd quarter. Wells Fargo & Company MN now owns 87,301 shares of the investment management company’s stock worth $379,000 after purchasing an additional 4,900 shares during the period. Finally, Janney Montgomery Scott LLC lifted its position in shares of GSV Capital by 51.2% in the 3rd quarter. Janney Montgomery Scott LLC now owns 42,800 shares of the investment management company’s stock worth $232,000 after purchasing an additional 14,500 shares during the period. Institutional investors and hedge funds own 31.58% of the company’s stock.
GSV Capital (NASDAQ:GSVC) traded up $0.01 on Thursday, hitting $6.83. 59,072 shares of the company were exchanged, compared to its average volume of 303,712. The stock has a market cap of $147.33, a PE ratio of -11.91 and a beta of 0.90. GSV Capital has a 52 week low of $3.83 and a 52 week high of $8.22. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.06 and a current ratio of 0.06.
GSV Capital (NASDAQ:GSVC) last issued its earnings results on Wednesday, November 8th. The investment management company reported ($0.20) EPS for the quarter. The company had revenue of $0.18 million during the quarter. GSV Capital had a negative return on equity of 6.73% and a negative net margin of 769.78%. equities research analysts anticipate that GSV Capital will post 0.25 EPS for the current year.
GSV Capital declared that its Board of Directors has approved a share buyback program on Wednesday, November 8th that authorizes the company to repurchase $5.00 million in outstanding shares. This repurchase authorization authorizes the investment management company to repurchase shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its shares are undervalued.
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GSV Capital Company 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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