Firsthand Technology Value Fund Inc (NASDAQ:SVVC) President Acquires $244,932,800.00 in Stock

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Firsthand Technology Value Fund Inc (NASDAQ:SVVC) President Kevin M. Landis bought 1,600 shares of the stock in a transaction dated Monday, September 17th. The shares were bought at an average price of $153,083.00 per share, for a total transaction of $244,932,800.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of Firsthand Technology Value Fund stock traded up $0.64 on Friday, hitting $15.67. 56,399 shares of the company were exchanged, compared to its average volume of 36,929. Firsthand Technology Value Fund Inc has a 1-year low of $7.82 and a 1-year high of $17.74.

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

Several institutional investors have recently modified their holdings of the company. FNY Investment Advisers LLC acquired a new position in Firsthand Technology Value Fund in the second quarter valued at approximately $264,000. Intl Fcstone Inc. acquired a new position in Firsthand Technology Value Fund in the second quarter valued at approximately $314,000. Finally, Ladenburg Thalmann Financial Services Inc. lifted its holdings in Firsthand Technology Value Fund by 16.1% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 46,940 shares of the investment management company’s stock valued at $530,000 after acquiring an additional 6,506 shares during the last quarter. Institutional investors and hedge funds own 3.91% of the company’s stock.

Firsthand Technology Value Fund Company Profile

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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