Firsthand Technology Value Fund (NASDAQ:SVVC) Now Covered by StockNews.com

StockNews.com started coverage on shares of Firsthand Technology Value Fund (NASDAQ:SVVCGet Rating) in a research report issued on Monday. The firm set a “hold” rating on the investment management company’s stock.

Separately, TheStreet downgraded Firsthand Technology Value Fund from a “c-” rating to a “d+” rating in a research report on Tuesday, March 15th.

Firsthand Technology Value Fund stock opened at $3.35 on Monday. The company has a market cap of $23.09 million, a P/E ratio of -3.13 and a beta of 1.55. Firsthand Technology Value Fund has a one year low of $3.19 and a one year high of $6.78. The stock’s 50 day moving average is $3.52.

A hedge fund recently raised its stake in Firsthand Technology Value Fund stock. Geneos Wealth Management Inc. boosted its holdings in shares of Firsthand Technology Value Fund, Inc. (NASDAQ:SVVCGet Rating) by 15.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 112,272 shares of the investment management company’s stock after purchasing an additional 15,000 shares during the period. Geneos Wealth Management Inc. owned 1.63% of Firsthand Technology Value Fund worth $450,000 as of its most recent SEC filing. 6.47% of the stock is owned by hedge funds and other institutional investors.

About Firsthand Technology Value Fund (Get Rating)

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.

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