Hyperscale Data (NYSEAMERICAN:GPUS) Shares Set to Reverse Split on Tuesday, August 25th

Shares of Hyperscale Data, Inc. (NYSEAMERICAN:GPUSFree Report) are scheduled to reverse split on the morning of Tuesday, August 25th. The 1-5 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Monday, August 24th.

Hyperscale Data Price Performance

Shares of NYSEAMERICAN GPUS opened at $0.09 on Monday. Hyperscale Data has a 1-year low of $0.09 and a 1-year high of $0.73. The company has a 50-day moving average of $0.16 and a two-hundred day moving average of $0.16. The company has a quick ratio of 0.50, a current ratio of 0.53 and a debt-to-equity ratio of 0.14.

Hyperscale Data (NYSEAMERICAN:GPUSGet Free Report) last released its quarterly earnings results on Monday, May 18th. The company reported ($0.09) EPS for the quarter. The company had revenue of $44.08 million for the quarter. Hyperscale Data had a negative net margin of 76.04% and a negative return on equity of 124.90%.

Hyperscale Data declared that its board has authorized a stock repurchase program on Tuesday, May 26th that authorizes the company to repurchase $5.00 million in shares. This repurchase authorization authorizes the company to buy up to 6.6% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Insiders Place Their Bets

In other news, Chairman Milton C. Ault III purchased 397,500 shares of the firm’s stock in a transaction that occurred on Tuesday, May 19th. The shares were acquired at an average price of $0.13 per share, for a total transaction of $51,675.00. Following the completion of the acquisition, the chairman directly owned 666,300 shares in the company, valued at approximately $86,619. The trade was a 147.88% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO William B. Horne purchased 5,000 shares of the firm’s stock in a transaction that occurred on Monday, June 29th. The stock was purchased at an average price of $19.00 per share, for a total transaction of $95,000.00. Following the acquisition, the chief executive officer owned 5,000 shares of the company’s stock, valued at $95,000. The trade was a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders have bought 930,700 shares of company stock valued at $241,006. 40.09% of the stock is currently owned by corporate insiders.

Institutional Trading of Hyperscale Data

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Virtu Financial LLC acquired a new position in Hyperscale Data during the 4th quarter valued at about $152,000. State Street Corp acquired a new position in Hyperscale Data in the fourth quarter valued at approximately $335,000. LPL Financial LLC acquired a new position in Hyperscale Data in the fourth quarter valued at approximately $73,000. Geode Capital Management LLC boosted its stake in 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 acquiring an additional 3,319,363 shares during the last quarter. Finally, Qube Research & Technologies Ltd bought a new position in Hyperscale Data in the second quarter valued at approximately $47,000. 41.05% of the stock is owned by institutional investors.

Hyperscale Data Company Profile

(Get Free Report)

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.

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