Firsthand Technology Value Fund Inc (SVVC) President Purchases $40,412.13 in Stock

Firsthand Technology Value Fund Inc (NASDAQ:SVVC) President Kevin M. Landis bought 2,433 shares of Firsthand Technology Value Fund stock in a transaction dated Wednesday, October 17th. The shares were acquired at an average price of $16.61 per share, with a total value of $40,412.13. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Firsthand Technology Value Fund stock opened at $16.62 on Friday. Firsthand Technology Value Fund Inc has a 52 week low of $7.82 and a 52 week high of $17.74.

Firsthand Technology Value Fund (NASDAQ:SVVC) last released its earnings results on Thursday, August 9th. The investment management company reported ($0.22) EPS for the quarter. The business had revenue of $0.78 million for the quarter. Firsthand Technology Value Fund had a net margin of 2,030.85% and a negative return on equity of 4.41%.

Institutional investors have recently added to or reduced their stakes in the company. FNY Investment Advisers LLC purchased a new position in shares of Firsthand Technology Value Fund during the 2nd quarter valued at approximately $264,000. Intl Fcstone Inc. purchased a new position in shares of Firsthand Technology Value Fund during the 2nd quarter valued at approximately $314,000. Finally, Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of Firsthand Technology Value Fund by 16.1% during the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 46,940 shares of the investment management company’s stock valued at $530,000 after buying an additional 6,506 shares during the last quarter. Institutional investors own 4.02% of the company’s stock.

About Firsthand Technology Value Fund

Firsthand Technology Value Fund, Inc is an externally managed, closed-end, non-diversified management investment company. The Fund’s investment objective is to seek long-term growth of capital, principally by seeking capital gains on its equity and equity-related investments. It invests at least 80% of its total assets in technology companies.

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