Hyperscale Data (NYSEAMERICAN:GPUS) Shares Scheduled to Split on Tuesday, September 15th

Shares of Hyperscale Data, Inc. (NYSEAMERICAN:GPUS) are set to split on the morning of Tuesday, September 15th. The 1.04066734 split was recently announced. The newly issued shares will be distributed to shareholders after the market closes on Monday, September 14th.

Hyperscale Data Price Performance

Shares of Hyperscale Data stock remained flat at $0.19 on Monday. The company had a trading volume of 62,222,022 shares, compared to its average volume of 24,555,876. The firm’s 50 day moving average price is $0.69 and its two-hundred day moving average price is $0.80. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.57 and a quick ratio of 0.54. Hyperscale Data has a 52 week low of $0.17 and a 52 week high of $3.65.

Hyperscale Data (NYSEAMERICAN:GPUS) last issued its quarterly earnings results on Wednesday, August 19th. The company reported ($0.25) earnings per share (EPS) for the quarter. The business had revenue of $34.84 million during the quarter. Hyperscale Data had a negative net margin of 71.03% and a negative return on equity of 97.52%.

Hyperscale Data declared that its Board of Directors has initiated a stock buyback program on Tuesday, May 26th that authorizes the company to buyback $5.00 million in outstanding shares. This buyback authorization authorizes the company to purchase up to 6.6% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.

Insider Activity

In other news, CEO William B. Horne bought 40,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 11th. The stock was acquired at an average cost of $0.85 per share, with a total value of $34,000.00. Following the transaction, the chief executive officer directly owned 40,000 shares of the company’s stock, valued at approximately $34,000. This represents a ? increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Milton C. Ault III purchased 150,000 shares of the company’s stock in a transaction that occurred on Friday, August 28th. The shares were purchased at an average cost of $0.30 per share, for a total transaction of $45,000.00. Following the completion of the purchase, the chairman owned 700,001 shares in the company, valued at $210,000.30. This trade represents a 27.27% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought 633,260 shares of company stock worth $318,070 in the last quarter. Company insiders own 40.09% of the company’s stock.

Hedge Funds Weigh In On Hyperscale Data

A number of institutional investors have recently modified their holdings of the company. Virtu Financial LLC bought a new position in shares of Hyperscale Data in the 4th quarter worth $152,000. State Street Corp acquired a new position in Hyperscale Data during the fourth quarter worth $335,000. LPL Financial LLC bought a new position in shares of Hyperscale Data in the fourth quarter valued at $73,000. Geode Capital Management LLC lifted its stake in shares of Hyperscale Data by 2,029.5% in the fourth 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. Finally, Qube Research & Technologies Ltd acquired a new position in shares of Hyperscale Data during the second quarter valued at about $47,000. 41.05% of the stock is owned by institutional investors and hedge funds.

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.