Price Don’t Lie: Does Firsthand Technology Value Fund Inc Have Any Gas After Today’s Significant Increase?

Price Don't Lie: Does Firsthand Technology Value Fund Inc Have Any Gas After Today's Significant Increase?

The stock of Firsthand Technology Value Fund Inc (NASDAQ:SVVC) is a huge mover today! The stock increased 7.47% or $0.54 on September 30, hitting $7.77. About 169,558 shares traded hands or 1027.83% up from the average. Firsthand Technology Value Fund Inc (NASDAQ:SVVC) has declined 0.28% since February 26, 2016 and is downtrending. It has underperformed by 10.70% the S&P500.
The move comes after 8 months positive chart setup for the $54.09 million company. It was reported on Sep, 30 by Barchart.com. We have $17.56 PT which if reached, will make NASDAQ:SVVC worth $68.15 million more.

Analysts await Firsthand Technology Value Fund Inc (SVVC) to report earnings on November, 14.

According to Zacks Investment Research, “Firsthand Technology Value Fund, Inc. is a publicly-traded venture capital fund that invests in technology and cleantech companies. The Fund is structured as a closed-end fund and has elected to be treated as a Business Development Company.”

Insitutional Activity: The institutional sentiment decreased to 0.31 in 2016 Q2. Its down 0.09, from 0.4 in 2016Q1. The ratio is negative, as 4 funds sold all Firsthand Technology Value Fund Inc shares owned while 9 reduced positions. 1 funds bought stakes while 3 increased positions. They now own 1.45 million shares or 16.08% more from 1.25 million shares in 2016Q1.
Reilly Finance Advsrs Ltd Company holds 0% or 86 shares in its portfolio. City Of London Invest Co Ltd, a United Kingdom-based fund reported 85,341 shares. The Pennsylvania-based Valley Advisers Inc has invested 0% in Firsthand Technology Value Fund Inc (NASDAQ:SVVC). Plante Moran Finance Advisors Limited Liability has 20 shares for 0% of their US portfolio. The Texas-based Next Fincl Gru Incorporated has invested 0% in Firsthand Technology Value Fund Inc (NASDAQ:SVVC). Royal Savings Bank Of Canada holds 32,727 shares or 0% of its portfolio. Ladenburg Thalmann Fincl Services holds 0% or 35,803 shares in its portfolio. Equitec Proprietary Markets Ltd Llc holds 128,864 shares or 0.04% of its portfolio. Citigroup holds 0% of its portfolio in Firsthand Technology Value Fund Inc (NASDAQ:SVVC) for 137 shares. Blue Bell Private Wealth Llc has invested 0% of its portfolio in Firsthand Technology Value Fund Inc (NASDAQ:SVVC). Moreover, Icon Advisers Inc Communication has 0.02% invested in Firsthand Technology Value Fund Inc (NASDAQ:SVVC) for 36,800 shares. Pathstone Family Office Ltd Com last reported 81 shares in the company. Bulldog Investors Limited Liability Com accumulated 0.61% or 316,141 shares. Morgan Stanley has 0% invested in the company for 27,745 shares. Radcliffe Mgmt Ltd Partnership, a Pennsylvania-based fund reported 45,844 shares.

More notable recent Firsthand Technology Value Fund Inc (NASDAQ:SVVC) news were published by: Globenewswire.com which released: “Firsthand Technology Value Fund Portfolio Company Nutanix Goes Public” on September 30, 2016, also Globenewswire.com with their article: “Firsthand Technology Value Fund Announces First Quarter 2016 Financial Results …” published on May 10, 2016, Globenewswire.com published: “Firsthand Technology Value Fund Settles Proxy Contest With Bulldog Investors” on May 02, 2014. More interesting news about Firsthand Technology Value Fund Inc (NASDAQ:SVVC) were released by: Globenewswire.com and their article: “Firsthand Technology Value Fund Portfolio Company Mattson to be Acquired for …” published on December 02, 2015 as well as Globenewswire.com‘s news article titled: “Firsthand Technology Value Fund Discloses Top Holdings; Announces SolarCity Exit” with publication date: August 08, 2013.

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