Firsthand Technology Value Fund, Inc. (NASDAQ: SVVC) closed with gain of +0.34% to $8.89. Recent traded volume was 6,575 shares versus to it an average volume of 14,879 shares. The company holds 7.28 million shares outstanding and market cap of 63.997M. The stock’s day range was recorded between a low of $8.86 and a high $9.03. The one year high of the company is $17.69 and the one year low is $8.64.
After the last closing session, the bid price was seen at 8.55 x 1400. The bid price represents the higher price that a buyer or buyers are willing to pay for a security. The ask price was registered at 12.00 x 3200. The ask price indicates the lower price that a seller or sellers are willing to receive for the security.
Firsthand Technology Value Fund, Inc. (NASDAQ: SVVC), reported recently its financial results for the first quarter ended March 31, 2019.
As of March 31, 2019, the Fund’s net assets were about $188.8M, or $26.30 per share, contrast with net assets of about $191.6M, or $26.69 per share as of December 31, 2018. As March 31, 2019, the Fund’s portfolio included public and private securities valued at about $200.4M, or $27.91 per share, and about $0.16 in cash and cash equivalents.
During the first quarter of 2019, the Valuation Committee, which was composed of four independent directors, adjusted the fair values of the private companies in our portfolio. In the first quarter of 2019, the Fund earned about $0.81M in investment income. The Fund stated a net investment gain, net of deferred taxes, of about $0.70M. The Fund stated a net realized and unrealized loss on investments, net of deferred taxes, of about $3.54M for the quarter.
During the quarter, the Fund sold 3,000,000 shares of Pivotal Systems (PVS.AX) CDIs with gross proceeds of about $3.0M. The Fund also made a new investment in Kyma Technologies, Inc., a supplier of innovative materials, devices, and equipment to the semiconductor industry.
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