In a recent research report published on Monday, stock analysts from StockNews.com assigned Firsthand Technology Value Fund (NASDAQ:SVVC) with a “hold” rating. The investment management company’s shares opened at $0.23 on the same day, with a 52-week low of $0.17 and a high of $0.99. Firsthand Technology Value Fund has a market capitalization of $1.60 million, a P/E ratio of -0.04, and a beta of 1.43. Additionally, the stock has a 50-day moving average price of $0.25 and a 200-day moving average price of $0.28.
A hedge fund recently made an investment in Firsthand Technology Value Fund stock by purchasing a new stake in the company’s shares. Atria Wealth Solutions Inc., which acquired 22,797 shares of NASDAQ:SVVC in the first quarter valued at approximately $79,000, now owns about 0.33% ownership of the investment management company overall. This move represents an increase in institutional inflows to the fund, with over 52% ownership held by hedge funds and other institutional investors like Atria Wealth Solutions Inc..
Firsthand Technology Value Fund is a business development company that specializes in venture capital investments across various stages of company development including startups, early stages, middle stages, late stages, early development stages and PIPEs (Pre-Initial Public Offerings). The fund targets pre-IPO companies or those with unprofitable or marginally profitable operating histories as well as those involved in bankruptcy or reorganization proceedings for potential investments