Hyperscale Data (NYSEAMERICAN:GPUS) Chairman Acquires 1,913,691 Shares of Stock

Hyperscale Data, Inc. (NYSEAMERICAN:GPUS) Chairman Milton Ault III purchased 1,913,691 shares of Hyperscale Data stock in a transaction dated Friday, September 4th. The shares were bought at an average price of $0.19 per share, for a total transaction of $363,601.29. Following the acquisition, the chairman owned 2,613,692 shares in the company, valued at approximately $496,601.48. This trade represents a 273.38% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Hyperscale Data Trading Up 1.3%

Shares of GPUS stock traded up $0.00 on Tuesday, hitting $0.19. 41,507,927 shares of the stock traded hands, compared to its average volume of 15,162,780. The company has a current ratio of 0.57, a quick ratio of 0.54 and a debt-to-equity ratio of 0.29. Hyperscale Data, Inc. has a twelve month low of $0.17 and a twelve month high of $3.65. The firm’s 50-day moving average price is $0.69 and its two-hundred day moving average price is $0.80.

Shares of Hyperscale Data are scheduled to split on the morning of Tuesday, September 15th. The 1.04066734 split was recently announced. The newly issued shares will be issued to shareholders after the closing bell on Monday, September 14th.

Hyperscale Data (NYSEAMERICAN:GPUS) last posted its quarterly earnings results on Wednesday, August 19th. The company reported ($0.25) earnings per share for the quarter. The firm 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 has approved a share repurchase plan on Tuesday, May 26th that allows the company to repurchase $5.00 million in outstanding shares. This repurchase authorization allows the company to repurchase up to 6.6% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board believes its stock is undervalued.

Institutional Investors Weigh In On Hyperscale Data

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GPUS. Qube Research & Technologies Ltd purchased a new position in shares of Hyperscale Data during the 2nd quarter worth $47,000. LPL Financial LLC acquired a new stake in shares of Hyperscale Data during the 4th quarter worth about $73,000. Virtu Financial LLC purchased a new stake in Hyperscale Data in the 4th quarter valued at about $152,000. State Street Corp purchased a new stake in Hyperscale Data in the 4th quarter valued at about $335,000. Finally, Geode Capital Management LLC lifted its position 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 buying an additional 3,319,363 shares during the last quarter. Hedge funds and other institutional investors own 41.05% of the company’s stock.

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.