Media headlines about GSV Capital Corp (NASDAQ:GSVC) have been trending somewhat positive recently, Accern Sentiment reports. The research firm identifies negative and positive media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. GSV Capital Corp earned a media sentiment score of 0.13 on Accern’s scale. Accern also gave press coverage about the investment management company an impact score of 47.1793534969117 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
GSV Capital Corp (GSVC) traded up 1.91% during midday trading on Friday, reaching $4.54. 70,494 shares of the company traded hands. GSV Capital Corp has a 12-month low of $3.83 and a 12-month high of $5.61. The company has a 50-day moving average price of $4.19 and a 200-day moving average price of $4.62.
GSV Capital Corp (NASDAQ:GSVC) last announced its earnings results on Tuesday, August 8th. The investment management company reported ($0.27) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.20) by $0.07. GSV Capital Corp had a negative net margin of 6.40% and a negative return on equity of 5.43%. The business had revenue of $370.59 million during the quarter. On average, analysts forecast that GSV Capital Corp will post $0.25 earnings per share for the current fiscal year.
GSV Capital Corp announced that its Board of Directors has approved a share buyback program on Tuesday, August 8th that permits the company to repurchase $5.00 million in shares. This repurchase authorization permits the investment management company to repurchase shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s leadership believes its shares are undervalued.
In other news, Director Marc Mazur acquired 6,000 shares of the stock in a transaction that occurred on Monday, August 14th. The stock was purchased at an average cost of $4.45 per share, for a total transaction of $26,700.00. Following the completion of the transaction, the director now directly owns 6,000 shares in the company, valued at $26,700. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.50% of the stock is owned by company insiders.
About GSV Capital Corp
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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