Gsv Capital Corp. (GSVC): Michael T. Moe , CEO of Gsv Capital Corp. purchased 979 shares on Jul 1, 2016. The Insider buying transaction was reported by the company on Jul 5, 2016 to the Securities and Exchange Commission. The shares were purchased at $5.10 per share for a total value of $4,995.54 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on May 17, 2016, Mark D Klein (director) purchased 1,000 shares at $5.10 per share price.On May 16, 2016, Michael T. Moe (CEO) purchased 1,000 shares at $5.15 per share price.Also, On Mar 28, 2016, Mark W. Flynn (President) purchased 5,000 shares at $5.69 per share price.On Mar 23, 2016, Leonard Potter (director) purchased 4,000 shares at $5.95 per share price.
GSV Capital Corp: On Friday, Jul 1, 2016 heightened volatility was witnessed in GSV Capital Corp which led to swings in the share price. The shares opened for trading at $5.03 and hit $5.24 on the upside , eventually ending the session at $5.16, with a gain of 2.79% or 0.14 points. The heightened volatility saw the trading volume jump to 1,56,191 shares. The 52-week high of the share price is $11.17 and the company has a market cap of $114 M . The 52-week low of the share price is at $4.47.
Company has been under the radar of several Street Analysts.GSV Capital Corp is Reiterated by Wunderlich to Buy while Lowering the Price Target of the company shares to $ 15 from a previous price target of $20 . The Rating was issued on May 18, 2016.
GSV Capital Corp. 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. It invests principally in the equity securities of venture capital-backed emerging companies. It seeks to deploy capital primarily in the form of non-controlling equity and equity-related investments including common stock warrants preferred stock and similar forms of senior equity which may or may not be convertible into a portfolio company’s common equity and convertible debt securities with an equity component. It seeks to acquire its investments primarily through Private secondary marketplaces and direct share purchases and direct investments in private companies. The Company’s investment activities are managed by GSV Asset Management LLC. GSV Capital Service Company LLC provides the administrative services.