Firsthand Technology Value Fund (NASDAQ:SVVC) Earns Hold Rating from Analysts at StockNews.com

Research analysts at StockNews.com started coverage on shares of Firsthand Technology Value Fund (NASDAQ:SVVCGet Rating) in a report released on Saturday. The brokerage set a “hold” rating on the investment management company’s stock.

Firsthand Technology Value Fund Stock Performance

Shares of NASDAQ:SVVC opened at $1.49 on Friday. The business’s fifty day moving average price is $1.63 and its two-hundred day moving average price is $2.53. The stock has a market cap of $10.27 million, a PE ratio of -0.18 and a beta of 1.53. Firsthand Technology Value Fund has a one year low of $1.36 and a one year high of $5.56.

Institutional Investors Weigh In On Firsthand Technology Value Fund

A number of large investors have recently bought and sold shares of SVVC. Marquette Asset Management LLC acquired a new stake in Firsthand Technology Value Fund during the 1st quarter valued at $98,000. Shufro Rose & Co. LLC acquired a new stake in shares of Firsthand Technology Value Fund during the first quarter worth $61,000. Yakira Capital Management Inc. boosted its holdings in shares of Firsthand Technology Value Fund by 17.0% during the first quarter. Yakira Capital Management Inc. now owns 99,309 shares of the investment management company’s stock worth $345,000 after purchasing an additional 14,400 shares during the last quarter. Finally, Atria Wealth Solutions Inc. acquired a new stake in shares of Firsthand Technology Value Fund during the first quarter worth $79,000. Institutional investors and hedge funds own 8.01% of the company’s stock.

Firsthand Technology Value Fund Company Profile

(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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