Firsthand Technology Value Fund (NASDAQ:SVVC) Coverage Initiated at StockNews.com

Research analysts at StockNews.com assumed coverage on shares of Firsthand Technology Value Fund (NASDAQ:SVVC) in a research report issued to clients and investors on Tuesday. The brokerage set a “hold” rating on the investment management company’s stock.

Firsthand Technology Value Fund Price Performance

SVVC opened at $0.23 on Tuesday. The company has a market capitalization of $1.61 million, a price-to-earnings ratio of -0.05 and a beta of 1.43. Firsthand Technology Value Fund has a 1-year low of $0.17 and a 1-year high of $0.98. The business has a 50 day moving average price of $0.25 and a two-hundred day moving average price of $0.27.

Institutional Trading of Firsthand Technology Value Fund

A hedge fund recently bought a new stake in Firsthand Technology Value Fund stock. Atria Wealth Solutions Inc. acquired a new position in shares of Firsthand Technology Value Fund, Inc. (NASDAQ:SVVC) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 22,797 shares of the investment management company’s stock, valued at approximately $79,000. Atria Wealth Solutions Inc. owned approximately 0.33% of Firsthand Technology Value Fund at the end of the most recent quarter. 52.70% of the stock is currently owned by institutional investors and hedge funds.

About Firsthand Technology Value Fund

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.