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 of this dividend 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 of Directors has approved a stock repurchase plan on Tuesday, November 14th 2017, which permits the company to buyback $2,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company's management believes its stock is undervalued.
How were Firsthand Technology Value Fund's earnings last quarter?
Firsthand Technology Value Fund Inc (NASDAQ:SVVC) released its quarterly earnings results on Monday, March, 18th. The investment management company reported $0.96 earnings per share for the quarter. The investment management company had revenue of $1.11 million for the quarter. Firsthand Technology Value Fund had a net margin of 311.18% and a negative return on equity of 2.77%. View Firsthand Technology Value Fund's Earnings History.
Has Firsthand Technology Value Fund been receiving favorable news coverage?
Media headlines about SVVC stock have trended somewhat positive on Wednesday, according to InfoTrie. The research group identifies positive and negative news coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Firsthand Technology Value Fund earned a news impact score of 1.5 on InfoTrie's scale. They also assigned media stories about the investment management company a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an effect on the company's share price in the near future.
Who are some of Firsthand Technology Value Fund's key competitors?
Some companies that are related to Firsthand Technology Value Fund include Stellus Capital Investment (SCM), Oaktree Strategic Income (OCSI), Safeguard Scientifics (SFE), Arlington Asset Investment (AI), THL Credit (TCRD), OFS Capital (OFS), Garrison Capital (GARS), Portman Ridge Finance (PTMN), CM Finance (CMFN), KCAP Financial (KCAP), 180 Degree Capital (TURN), Elron Electronic Industries (ELRNF), OHA Investment (OHAI), Rand Capital (RAND) and Live Ventures (LIVE).
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 a variety of of institutional and retail investors. Top institutional investors include Biltmore Capital Advisors LLC (4.26%), Thomas J. Herzfeld Advisors Inc. (1.01%), Yakira Capital Management Inc. (0.95%), Ladenburg Thalmann Financial Services Inc. (0.48%), Intl Fcstone Inc. (0.39%) and Independent Advisor Alliance (0.17%). View Institutional Ownership Trends for Firsthand Technology Value Fund.
Which institutional investors are selling Firsthand Technology Value Fund stock?
Which institutional investors are buying Firsthand Technology Value Fund stock?
SVVC stock was acquired by a variety of institutional investors in the last quarter, including Biltmore Capital Advisors LLC, Thomas J. Herzfeld Advisors Inc., Independent Advisor Alliance, Cordasco Financial Network, JPMorgan Chase & Co., Cutler Group LP, Intl Fcstone Inc. and Yakira Capital Management Inc.. View Insider Buying and Selling for Firsthand Technology Value Fund.
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 $10.33.
How big of a company is Firsthand Technology Value Fund?
Firsthand Technology Value Fund has a market capitalization of $75.16 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.
