Hyperscale Data (NYSEAMERICAN:GPUS) Chairman Milton Ault III Buys 1,913,691 Shares

Hyperscale Data, Inc. (NYSEAMERICAN:GPUS) Chairman Milton Ault III bought 1,913,691 shares of the company’s stock in a transaction that occurred on Friday, September 4th. The shares were bought at an average cost of $0.19 per share, for a total transaction of $363,601.29. Following the completion of the acquisition, the chairman owned 2,613,692 shares of the company’s stock, valued at $496,601.48. This trade represents a 273.38% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Hyperscale Data Price Performance

NYSEAMERICAN:GPUS traded up $0.00 during trading hours on Tuesday, reaching $0.19. The company had a trading volume of 41,507,927 shares, compared to its average volume of 15,162,780. Hyperscale Data, Inc. has a 1-year low of $0.17 and a 1-year high of $3.65. The business’s 50 day moving average price is $0.69 and its 200-day moving average price is $0.80. The company has a current ratio of 0.57, a quick ratio of 0.54 and a debt-to-equity ratio of 0.29.

Hyperscale Data’s stock is scheduled to split before the market opens on Tuesday, September 15th. The 1.04066734 split was recently announced. The newly issued shares will be issued to shareholders after the closing bell on Monday, September 14th.

Hyperscale Data (NYSEAMERICAN:GPUS) last issued its quarterly earnings data on Wednesday, August 19th. The company reported ($0.25) EPS for the quarter. The firm 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 announced that its Board of Directors has initiated a share buyback program on Tuesday, May 26th that permits the company to buyback $5.00 million in outstanding shares. This buyback authorization permits the company to repurchase up to 6.6% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of GPUS. Geode Capital Management LLC increased its stake in shares of Hyperscale Data by 2,029.5% in the 4th quarter. Geode Capital Management LLC now owns 3,482,917 shares of the company’s stock valued at $639,000 after purchasing an additional 3,319,363 shares in the last quarter. State Street Corp acquired a new position in Hyperscale Data in the 4th quarter worth about $335,000. Virtu Financial LLC purchased a new position in Hyperscale Data during the fourth quarter valued at $152,000. LPL Financial LLC purchased a new stake in Hyperscale Data during the 4th quarter worth approximately $73,000. Finally, Qube Research & Technologies Ltd acquired a new stake in shares of Hyperscale Data in the second quarter valued at about $47,000. Institutional investors and hedge funds 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.