Powerlaw (NASDAQ:PWRL) CEO Mike John Dinsdale Acquires 8,726 Shares of Stock

Powerlaw Corp (NASDAQ:PWRL) CEO Mike Dinsdale purchased 8,726 shares of the stock in a transaction dated Wednesday, September 23rd. The shares were acquired at an average price of $11.46 per share, with a total value of $99,999.96. Following the completion of the acquisition, the chief executive officer owned 695,230 shares in the company, valued at approximately $7,967,335.80. This trade represents a 1.27% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Powerlaw Price Performance

Shares of NASDAQ:PWRL opened at $11.05 on Friday. Powerlaw Corp has a 12-month low of $9.40 and a 12-month high of $40.00. The business’s 50-day simple moving average is $11.30.

Powerlaw Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, December 30th. Investors of record on Monday, December 21st will be given a dividend of $0.0812 per share. The ex-dividend date of this dividend is Monday, December 21st. This represents a $0.97 dividend on an annualized basis and a dividend yield of 8.8%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. Ieq Capital LLC purchased a new stake in shares of Powerlaw in the 2nd quarter valued at $232,000. HighTower Advisors LLC purchased a new position in Powerlaw during the 2nd quarter valued at about $431,000. Resolute Advisors LLC purchased a new position in Powerlaw during the 2nd quarter valued at about $869,000. Finally, Bank of America Corp DE acquired a new position in Powerlaw in the 2nd quarter valued at about $1,718,000.

Powerlaw Company Profile

Powerlaw Corp. is a venture capital fund specializing in directly investing. It prefers investing in growth capital and late stage. The fund prefers to invest in private technology companies, technology: artificial intelligence, next-generation software, modern aerospace and defense, and leading consumer technology platforms and enterprise SaaS sectors.