Firsthand Technology Value Fund, Inc. is a business development company specializes in investments in start-up, late, development stage, and PIPEs. It seeks to invest in pre-IPO companies. The fund also seeks to make investments in companies with operating histories that are unprofitable or marginally profitable, that have negative net worth, or that are involved in bankruptcy or reorganization proceedings. In addition, it also makes investments in connection with the acquisition or divestiture of companies or divisions of companies. The fund seeks to invest through direct investments in private companies, negotiations with selling shareholders, and in organized secondary marketplaces for private securities. It may also invest in micro-cap publicly traded companies and also make investments in securities of public companies. The fund seeks to invest in private technology, information technology, cleantech sector, and companies that possess patents and other defensible intellectual property rights with a focus on Internet, consumer electronics, computer hardware, computer software, social networking, computer peripherals, solar photovoltaic, energy efficiency, solid-state lighting, water purification, wind-generated electricity, fuel cells, bio-fuels, electronic components, semiconductors, telecommunications, and advanced materials. Cleantech companies include those engaged in the sale of goods and services designed to harness renewable energy and materials, eliminate emissions and waste, and reduce the use of natural resources. It invests primarily in equity securities of private companies in the United States. However the fund also invests in securities of public companies located outside of the United States. It seeks to invest between $1 million and $10 million each in its investee companies. The fund structures its equity investments as preferred stock, common stock, warrants, limited partnership interests, options, other beneficial ownership interests, convertible debt, short term debt investments, high-yield bonds, and distressed debt. It prefers to control, be represented on, or have observer rights on the board of directors of a portfolio company. The fund seeks to exit its investments through strategic acquisition by other industry participants, initial public offering of common stock, or other capital market transaction.
Industry, Sector and Symbol
Industry Investors, not elsewhere classified
Sub-IndustryAsset Management & Custody Banks
SectorFinance
Phone408-886-7096
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$3.47 million
Profitability
Miscellaneous
EmployeesN/A
Next Earnings DateN/A
OptionableOptionable
Firsthand Technology Value Fund (NASDAQ:SVVC) Frequently Asked Questions
What is Firsthand Technology Value Fund's stock symbol?
Firsthand Technology Value Fund trades on the NASDAQ under the ticker symbol "SVVC."
How often does Firsthand Technology Value Fund pay dividends? What is the dividend yield for Firsthand Technology Value Fund?
Firsthand Technology Value Fund announced a special dividend on Friday, November 23rd. Investors of record on Thursday, December 13th will be given a dividend of $0.0342 per share on Friday, December 21st. The ex-dividend date is Wednesday, December 12th. View Firsthand Technology Value Fund's Dividend History.
How will Firsthand Technology Value Fund's stock buyback program work?
Firsthand Technology Value Fund declared that its board has authorized a share buyback plan on Tuesday, November 14th 2017, which authorizes the company to buyback $2,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company's board believes its shares are undervalued.
Has Firsthand Technology Value Fund been receiving favorable news coverage?
Media coverage about SVVC stock has been trending neutral this week, according to InfoTrie Sentiment. The research firm identifies negative and positive press coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Firsthand Technology Value Fund earned a news sentiment score of 0.2 on InfoTrie's scale. They also gave news stories about the investment management company a news buzz of 3.0 out of 10, meaning that recent press coverage is unlikely to have an effect on the stock's share price in the near term.
Who are some of Firsthand Technology Value Fund's key competitors?
Some companies that are related to Firsthand Technology Value Fund include Gladstone Investment (GAIN), Capital Southwest (CSWC), Triplepoint Venture Growth BDC (TPVG), Arlington Asset Investment (AI), Oaktree Strategic Income (OCSI), Stellus Capital Investment (SCM), THL Credit (TCRD), Safeguard Scientifics (SFE), OFS Capital (OFS), KCAP Financial (KCAP), Capitala Finance (CPTA), Garrison Capital (GARS), CM Finance (CMFN), 180 Degree Capital (TURN) and OHA Investment (OHAI).
What other stocks do shareholders of Firsthand Technology Value Fund own?
Who are Firsthand Technology Value Fund's key executives?
Firsthand Technology Value Fund's management team includes the folowing people:
- Mr. Kevin Michael Landis, Chairman, Pres & CEO (Age 58)
- Mr. Omar Noorudin Billawala J.D., Chief Financial Officer (Age 58)
- Mr. Kelvin Karfun Leung, Sec. and Gen. Counsel (Age 54)
- Ms. Nichole Mileski, Chief Compliance Officer (Age 48)
- Mr. Phil Mosakowski, VP of Bus. Devel.
Who are Firsthand Technology Value Fund's major shareholders?
Firsthand Technology Value Fund's stock is owned by many different of institutional and retail investors. Top institutional shareholders include Intl Fcstone Inc. (0.37%) and Jane Street Group LLC (0.35%). Company insiders that own Firsthand Technology Value Fund stock include Kevin M Landis and Mark F Fitzgerald. View Institutional Ownership Trends for Firsthand Technology Value Fund.
Which major investors are selling Firsthand Technology Value Fund stock?
Which major investors are buying Firsthand Technology Value Fund stock?
How do I buy shares of Firsthand Technology Value Fund?
Shares of SVVC can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Firsthand Technology Value Fund's stock price today?
One share of SVVC stock can currently be purchased for approximately $13.38.
How big of a company is Firsthand Technology Value Fund?
Firsthand Technology Value Fund has a market capitalization of $96.07 million and generates $3.47 million in revenue each year.
What is Firsthand Technology Value Fund's official website?
How can I contact Firsthand Technology Value Fund?
Firsthand Technology Value Fund's mailing address is 150 ALMADEN BLVD. SUITE 1250, SAN JOSE CA, 95113. The investment management company can be reached via phone at 408-886-7096.
MarketBeat Community Rating for Firsthand Technology Value Fund (NASDAQ SVVC)
MarketBeat's community ratings are surveys of what our community members think about Firsthand Technology Value Fund and other stocks. Vote "Outperform" if you believe SVVC will outperform the S&P 500 over the long term. Vote "Underperform" if you believe SVVC will underperform the S&P 500 over the long term. You may vote once every thirty days.
