Hyperscale Data (NYSEAMERICAN:GPUS) Chairman Milton Ault III Purchases 150,000 Shares of Stock

Hyperscale Data, Inc. (NYSEAMERICAN:GPUS) Chairman Milton Ault III acquired 150,000 shares of the company’s stock in a transaction dated Friday, September 11th. The shares were bought at an average cost of $0.19 per share, with a total value of $28,500.00. Following the purchase, the chairman owned 2,763,692 shares in the company, valued at approximately $525,101.48. The trade was a 5.74% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Hyperscale Data Trading Down 0.3%

Shares of GPUS traded down $0.00 during mid-day trading on Friday, hitting $0.19. The company had a trading volume of 19,764,357 shares, compared to its average volume of 28,973,520. The business’s 50-day simple moving average is $0.65 and its 200-day simple moving average is $0.78. 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, Inc. has a 1-year low of $0.17 and a 1-year high of $3.65.

Hyperscale Data shares are scheduled to split before the market opens on Tuesday, September 15th. The 1.04066734 split was recently announced. The newly created shares will be payable to shareholders after the closing bell on Monday, September 14th.

Hyperscale Data (NYSEAMERICAN:GPUS) last announced its quarterly earnings results on Wednesday, August 19th. The company reported ($0.25) earnings per share for the quarter. The company 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 announced that its board has initiated a share buyback plan on Tuesday, May 26th that permits the company to buyback $5.00 million in shares. This buyback authorization permits the company to reacquire up to 6.6% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its shares are undervalued.

Hedge Funds Weigh In On Hyperscale Data

Hedge funds and other institutional investors have recently modified their holdings of the company. Qube Research & Technologies Ltd acquired a new stake in Hyperscale Data during the 2nd quarter worth approximately $47,000. LPL Financial LLC acquired a new position in Hyperscale Data during the fourth quarter valued at approximately $73,000. Virtu Financial LLC acquired a new position in Hyperscale Data during the fourth quarter valued at approximately $152,000. State Street Corp purchased a new stake in Hyperscale Data during the fourth quarter worth approximately $335,000. Finally, Geode Capital Management LLC increased its position 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 worth $639,000 after acquiring an additional 3,319,363 shares in the last quarter. 41.05% of the stock is owned by institutional investors and hedge funds.

About Hyperscale Data

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.