Firsthand Technology Value Fund (NASDAQ:SVVC) Coverage Initiated at StockNews.com

StockNews.com started coverage on shares of Firsthand Technology Value Fund (NASDAQ:SVVC – Get Rating) in a research note issued to investors on Wednesday. The brokerage set a “hold” rating on the investment management company’s stock.

Separately, TheStreet cut shares of Firsthand Technology Value Fund from a “c-” rating to a “d+” rating in a research note on Tuesday, March 15th.

NASDAQ SVVC opened at $1.96 on Wednesday. The company has a fifty day simple moving average of $2.84 and a 200 day simple moving average of $3.45. The company has a market cap of $13.51 million, a P/E ratio of -0.54 and a beta of 1.50. Firsthand Technology Value Fund has a 1 year low of $1.76 and a 1 year high of $5.89.

Firsthand Technology Value Fund (NASDAQ:SVVC – Get Rating) last posted its quarterly earnings data on Monday, May 16th. The investment management company reported $0.17 earnings per share (EPS) for the quarter. The business had revenue of $1.94 million during the quarter. Firsthand Technology Value Fund had a negative net margin of 359.39% and a positive return on equity of 3.87%.

Institutional investors have recently made changes to their positions in the stock. Shufro Rose & Co. LLC acquired a new stake in shares of Firsthand Technology Value Fund during the 1st quarter worth about $61,000. Atria Wealth Solutions Inc. acquired a new stake in shares of Firsthand Technology Value Fund during the 1st quarter worth about $79,000. Marquette Asset Management LLC acquired a new stake in shares of Firsthand Technology Value Fund during the 1st quarter worth about $98,000. Yakira Capital Management Inc. grew its holdings in Firsthand Technology Value Fund by 17.0% during the 1st quarter. Yakira Capital Management Inc. now owns 99,309 shares of the investment management company’s stock worth $345,000 after acquiring an additional 14,400 shares during the last quarter. Finally, Geneos Wealth Management Inc. grew its holdings in Firsthand Technology Value Fund by 15.4% during the 4th quarter. Geneos Wealth Management Inc. now owns 112,272 shares of the investment management company’s stock worth $450,000 after acquiring an additional 15,000 shares during the last quarter. Institutional investors and hedge funds own 7.71% of the company’s stock.

Firsthand Technology Value Fund Company Profile (Get Rating)

Firsthand Technology Value Fund, Inc is a business development company specializes in venture capital investments in start-up, early stage, middle stage, late stage, early development stage, and PIPEs. It seeks to invest in pre-IPO companies. The fund also seeks to make investments in companies with operating histories that are unprofitable or marginally profitable, that have negative net worth, or that are involved in bankruptcy or reorganization proceedings.

See Also