Key Points
- Chairman Milton Ault III purchased 150,000 Hyperscale Data shares at an average price of $0.19, investing $28,500 and increasing his ownership by 5.74% to 2.76 million shares.
- GPUS was trading near its 12-month low at $0.19, compared with a high of $3.65, while the company reported a quarterly loss of $0.25 per share on $34.84 million in revenue.
- The company announced a 1.04066734-for-1 stock split and has also authorized a $5 million share repurchase program, covering up to 6.6% of outstanding shares.
Hyperscale Data, Inc. (NYSEAMERICAN:GPUS - Get Free Report) Chairman Milton Ault III bought 150,000 shares of the stock in a transaction on Friday, September 11th. The shares were acquired at an average cost of $0.19 per share, for a total transaction of $28,500.00. Following the purchase, the chairman owned 2,763,692 shares in the company, valued at $525,101.48. The trade was a 5.74% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Hyperscale Data Price Performance
NYSEAMERICAN:GPUS opened at $0.19 on Friday. Hyperscale Data, Inc. has a twelve month low of $0.17 and a twelve month high of $3.65. The company's 50-day moving average price is $0.65 and its 200-day moving average price is $0.78. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.57 and a quick ratio of 0.54.
Hyperscale Data's stock is going to split on the morning of Tuesday, September 15th. The 1.04066734 split was recently announced. The newly issued shares will be distributed to shareholders after the market closes on Monday, September 14th.
Hyperscale Data (NYSEAMERICAN:GPUS - Get Free Report) last released its earnings results on Wednesday, August 19th. The company reported ($0.25) earnings per share for the quarter. The business had revenue of $34.84 million during the quarter. Hyperscale Data had a negative return on equity of 97.52% and a negative net margin of 71.03%.
Hyperscale Data announced that its board has approved a stock repurchase plan on Tuesday, May 26th that authorizes the company to repurchase $5.00 million in shares. This repurchase authorization authorizes the company to reacquire up to 6.6% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's board believes its shares are undervalued.
Hedge Funds Weigh In On Hyperscale Data
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Qube Research & Technologies Ltd purchased a new stake in Hyperscale Data in the 2nd quarter valued at $47,000. LPL Financial LLC acquired a new stake in shares of Hyperscale Data in the 4th quarter worth $73,000. Virtu Financial LLC purchased a new position in shares of Hyperscale Data during the 4th quarter worth $152,000. State Street Corp purchased a new position in shares of Hyperscale Data during the 4th quarter worth $335,000. Finally, Geode Capital Management LLC boosted its position in shares of Hyperscale Data by 2,029.5% during the 4th quarter. Geode Capital Management LLC now owns 3,482,917 shares of the company's stock valued at $639,000 after acquiring an additional 3,319,363 shares during the last quarter. Institutional investors and hedge funds own 41.05% of the company's stock.
About Hyperscale Data
(
Get Free Report)
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.
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