Milton Ault III Buys 100,000 Shares of Hyperscale Data (NYSEAMERICAN:GPUS) Stock

Hyperscale Data, Inc. (NYSEAMERICAN:GPUS) Chairman Milton Ault III purchased 100,000 shares of the firm’s stock in a transaction on Thursday, June 11th. The shares were purchased at an average cost of $0.16 per share, with a total value of $16,000.00. Following the completion of the transaction, the chairman owned 2,700,005 shares of the company’s stock, valued at approximately $432,000.80. The trade was a 3.85% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Hyperscale Data Trading Down 8.0%

Shares of GPUS traded down $0.01 during mid-day trading on Friday, hitting $0.15. 29,480,591 shares of the company traded hands, compared to its average volume of 43,307,625. Hyperscale Data, Inc. has a 1-year low of $0.11 and a 1-year high of $4.62. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.50 and a current ratio of 0.53. The business has a 50 day moving average of $0.15 and a 200 day moving average of $0.20.

Hyperscale Data declared that its Board of Directors has authorized a stock buyback program on Tuesday, May 26th that allows the company to repurchase $5.00 million in outstanding shares. This repurchase authorization allows the company to buy up to 6.6% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s management believes its shares are undervalued.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Geode Capital Management LLC lifted its position in shares of Hyperscale Data by 2,029.5% during the 4th quarter. Geode Capital Management LLC now owns 3,482,917 shares of the company’s stock valued at $639,000 after buying an additional 3,319,363 shares in the last quarter. State Street Corp acquired a new stake in shares of Hyperscale Data in the 4th quarter worth $335,000. Virtu Financial LLC acquired a new stake in shares of Hyperscale Data in the 4th quarter worth $152,000. LPL Financial LLC acquired a new stake in shares of Hyperscale Data in the 4th quarter worth $73,000. Finally, Qube Research & Technologies Ltd acquired a new stake in shares of Hyperscale Data during the 2nd quarter worth about $47,000. Hedge funds and other institutional investors 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.