Equities researchers at StockNews.com started coverage on shares of Firsthand Technology Value Fund (NASDAQ:SVVC – Get Rating) in a report issued on Monday. The firm set a “hold” rating on the investment management company’s stock.
Firsthand Technology Value Fund Stock Performance
SVVC opened at $1.20 on Monday. The business’s fifty day moving average is $1.29 and its two-hundred day moving average is $1.79. The company has a market cap of $8.27 million, a price-to-earnings ratio of -0.14 and a beta of 1.42. Firsthand Technology Value Fund has a one year low of $1.07 and a one year high of $4.56.
Institutional Trading of Firsthand Technology Value Fund
Institutional investors and hedge funds have recently made changes to their positions in the stock. Shufro Rose & Co. LLC purchased a new stake in shares of Firsthand Technology Value Fund in the first quarter valued at $61,000. Atria Wealth Solutions Inc. purchased a new stake in shares of Firsthand Technology Value Fund in the first quarter valued at $79,000. Finally, Yakira Capital Management Inc. lifted its position in shares of Firsthand Technology Value Fund by 17.0% in the first quarter. Yakira Capital Management Inc. now owns 99,309 shares of the investment management company’s stock valued at $345,000 after acquiring an additional 14,400 shares in the last quarter. 8.01% of the stock is currently owned by hedge funds and other institutional investors.
Firsthand Technology Value Fund Company Profile
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.
- Get a free copy of the StockNews.com research report on Firsthand Technology Value Fund (SVVC)
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