Hyperscale Data (NYSEAMERICAN:GPUS) Chairman Purchases $28,500.00 in Stock

Hyperscale Data, Inc. (NYSEAMERICAN:GPUS) Chairman Milton Ault III acquired 150,000 shares of the business’s stock in a transaction on Friday, September 11th. The stock was acquired at an average price of $0.19 per share, with a total value of $28,500.00. Following the transaction, the chairman owned 2,763,692 shares in the company, valued at approximately $525,101.48. The trade was a 5.74% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Hyperscale Data Stock Performance

Shares of GPUS stock opened at $0.19 on Monday. Hyperscale Data, Inc. has a 52 week low of $0.17 and a 52 week high of $3.65. The stock’s fifty day moving average is $0.65 and its 200-day moving average is $0.78. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.54 and a current ratio of 0.57.

Shares of Hyperscale Data are scheduled to split on the morning of Tuesday, September 15th. The 1.04066734 split was recently announced. The newly created shares will be payable to shareholders after the closing bell on Monday, September 14th.

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

Hyperscale Data declared that its Board of Directors has approved a share buyback plan on Tuesday, May 26th that permits the company to repurchase $5.00 million in outstanding shares. This repurchase authorization permits the company to purchase up to 6.6% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

Institutional Investors Weigh In On Hyperscale Data

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Geode Capital Management LLC boosted its stake in 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 acquiring an additional 3,319,363 shares during the last quarter. State Street Corp acquired a new stake in shares of Hyperscale Data during the fourth quarter worth about $335,000. Virtu Financial LLC acquired a new stake in Hyperscale Data during the 4th quarter worth approximately $152,000. LPL Financial LLC bought a new position in Hyperscale Data in the fourth quarter valued at approximately $73,000. Finally, Qube Research & Technologies Ltd bought a new position in Hyperscale Data in the second quarter valued at approximately $47,000. Institutional investors own 41.05% of the company’s stock.

Hyperscale Data Company Profile

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.