Mark Fitzgerald, a director of Firsthand Technology Value Fund Inc. (SVVC, Financial), purchased 4,000 shares of the company on April 10 in two transactions according to an SEC filing. He paid an average price of $8.08 per share.
Fitzgerald now owns 8,000 total shares of the company.
Firsthand Technology is an externally managed, closed-end, non-diversified management investment company that invests primarily in private companies in the U.S.
The fund seeks long-term growth of capital through equity and equity-related investments. On March 15, the company disclosed its top five holdings.
The company also announced that, as of Feb. 28, estimated net assets were approximately $151 million, or $20.30 per share, including cash of approximately 11 cents per share.
Firsthand Technology has a market cap of $60.64 million, an enterprise value of $57.75 million, a price-book (P/B) ratio of 0.40, a quick ratio of 1.97 and a current ratio of 1.97.
According to GuruFocus, the company has a 9 of 10 financial strength rating with an equity-asset ratio of 0.99. The Piotroski F-Score of 4 indicates the company’s financial situation is stable for a typical company. Its Altman Z-Score is 24.79 implies it is not in danger of filing for bankruptcy.
The company has a 5 of 10 profitability and growth rating. It has an operating margin of -436.79%, a net margin of -2808.77%, a return on assets (ROA) of -14.65% and a return on equity (ROE) of -15.17%, ranking it lower than 90% of the 1,518 companies in the Global Asset Management industry.
The company has a strong financial rating with no debt. It is also trading below its intrinsic value, according to the Peter Lynch chart below.
Disclosure: Author does not own any shares of this company.
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