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Kyle Ferguson
Kyle Ferguson
Articles (522)  | Author's Website |

Insider Invests in Firsthand Technology Value Fund

Director buys 4,000 shares

April 12, 2017 | About:

Mark Fitzgerald, a director of Firsthand Technology Value Fund Inc. (NASDAQ:SVVC), 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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