Milton Ault III Purchases 89,000 Shares of Hyperscale Data (NYSEAMERICAN:GPUS) Stock

Hyperscale Data, Inc. (NYSEAMERICAN:GPUS) Chairman Milton Ault III bought 89,000 shares of the company’s stock in a transaction dated Monday, August 31st. The stock was bought at an average cost of $0.27 per share, with a total value of $24,030.00. Following the completion of the transaction, the chairman owned 294,501 shares in the company, valued at approximately $79,515.27. This trade represents a 43.31% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Hyperscale Data Price Performance

Shares of NYSEAMERICAN GPUS traded down $0.03 during midday trading on Monday, hitting $0.28. 22,778,482 shares of the company traded hands, compared to its average volume of 8,297,058. Hyperscale Data, Inc. has a 12-month low of $0.26 and a 12-month high of $3.65. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.57 and a quick ratio of 0.54. The stock has a 50-day moving average price of $0.76 and a 200 day moving average price of $0.83.

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

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in GPUS. Qube Research & Technologies Ltd bought a new stake in shares of Hyperscale Data during the second quarter valued at approximately $47,000. LPL Financial LLC bought a new position in Hyperscale Data in the fourth quarter worth $73,000. Virtu Financial LLC bought a new position in Hyperscale Data in the fourth quarter worth $152,000. State Street Corp purchased a new position in Hyperscale Data during the fourth quarter valued at $335,000. Finally, Geode Capital Management LLC lifted its position in Hyperscale Data by 2,029.5% during 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 period. 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.