Milton Ault III Acquires 150,000 Shares of Hyperscale Data (NYSEAMERICAN:GPUS) Stock

Hyperscale Data, Inc. (NYSEAMERICAN:GPUS) Chairman Milton Ault III bought 150,000 shares of the stock in a transaction on Friday, September 11th. The stock was purchased at an average price of $0.19 per share, for a total transaction of $28,500.00. Following the completion of the purchase, the chairman owned 2,763,692 shares of the company’s stock, valued at approximately $525,101.48. This trade represents a 5.74% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Hyperscale Data Stock Performance

GPUS stock opened at $0.19 on Friday. The company has a current ratio of 0.57, a quick ratio of 0.54 and a debt-to-equity ratio of 0.29. Hyperscale Data, Inc. has a fifty-two week low of $0.17 and a fifty-two week high of $3.65. The stock has a fifty day moving average of $0.65 and a 200-day moving average of $0.78.

Hyperscale Data’s stock is scheduled to split on the morning of Tuesday, September 15th. The 1.04066734 split was recently announced. The newly minted shares will be issued to shareholders after the market closes on Monday, September 14th.

Hyperscale Data (NYSEAMERICAN:GPUS) last announced its quarterly earnings data on Wednesday, August 19th. The company reported ($0.25) earnings per share (EPS) for the quarter. The firm had revenue of $34.84 million during the quarter. Hyperscale Data had a negative net margin of 71.03% and a negative return on equity of 97.52%.

Hyperscale Data announced that its board has initiated a stock repurchase plan on Tuesday, May 26th that allows the company to repurchase $5.00 million in outstanding shares. This repurchase authorization allows the company to buy up to 6.6% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its stock is undervalued.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Qube Research & Technologies Ltd bought a new stake in Hyperscale Data during the 2nd quarter valued at $47,000. LPL Financial LLC bought a new position in shares of Hyperscale Data in the fourth quarter worth $73,000. Virtu Financial LLC bought a new position in shares of Hyperscale Data in the fourth quarter worth $152,000. State Street Corp purchased a new position in shares of Hyperscale Data in the fourth quarter valued at $335,000. Finally, Geode Capital Management LLC grew its position in shares of Hyperscale Data by 2,029.5% in the fourth quarter. Geode Capital Management LLC now owns 3,482,917 shares of the company’s stock valued at $639,000 after purchasing an additional 3,319,363 shares in the last quarter. 41.05% of the stock is owned by institutional investors.

About Hyperscale Data

Hyperscale Data, Inc, through its subsidiaries, provides customized solutions for the military markets in North America, Europe, the Middle East, and internationally. It operates through eight segments: Energy and Infrastructure, Technology and Finance, SMC, Sentinum, GIGA, TurnOnGreen, ROI, and Ault Disruptive. The company offers lifting services; virtual markets, real world goods marketplaces, gaming, sweepstakes gaming, contest of skill, and building private spaces, as well as socialization and connectivity and real and virtual concerts.