Firsthand Technology Value Fund Inc (SVVC) President Acquires $40,200.58 in Stock

Firsthand Technology Value Fund Inc (NASDAQ:SVVC) President Kevin M. Landis acquired 2,413 shares of the business’s stock in a transaction that occurred on Friday, October 5th. The shares were purchased at an average price of $16.66 per share, with a total value of $40,200.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Firsthand Technology Value Fund stock opened at $15.75 on Tuesday. Firsthand Technology Value Fund Inc has a 12-month low of $7.82 and a 12-month high of $17.74.

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

Institutional investors have recently added to or reduced their stakes in the stock. FNY Investment Advisers LLC acquired a new stake in Firsthand Technology Value Fund during the second quarter worth about $264,000. Intl Fcstone Inc. acquired a new stake in Firsthand Technology Value Fund during the second quarter worth about $314,000. Finally, Ladenburg Thalmann Financial Services Inc. increased its position in Firsthand Technology Value Fund by 16.1% during the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 46,940 shares of the investment management company’s stock worth $530,000 after purchasing an additional 6,506 shares during the last quarter. Hedge funds and other institutional investors own 3.91% 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.

Recommended Story: What is a closed-end mutual fund (CEF)?

Insider Buying and Selling by Quarter for Firsthand Technology Value Fund (NASDAQ:SVVC)

Receive News & Ratings for Firsthand Technology Value Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Firsthand Technology Value Fund and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply