Dimensional Fund Advisors LP cut its stake in ModusLink Global Solutions, Inc (NASDAQ:MLNK) by 9.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,871,078 shares of the technology company’s stock after selling 185,334 shares during the period. Dimensional Fund Advisors LP owned approximately 3.40% of ModusLink Global Solutions worth $3,368,000 at the end of the most recent reporting period.

Separately, Gamco Investors INC. ET AL increased its stake in shares of ModusLink Global Solutions by 0.9% in the first quarter. Gamco Investors INC. ET AL now owns 592,000 shares of the technology company’s stock valued at $1,066,000 after buying an additional 5,000 shares during the last quarter. Institutional investors own 56.49% of the company’s stock.

Shares of ModusLink Global Solutions, Inc (NASDAQ MLNK) traded up 0.62% during midday trading on Wednesday, hitting $1.62. The stock had a trading volume of 4,596 shares. The firm has a 50-day moving average price of $1.61 and a 200-day moving average price of $1.63. The firm’s market cap is $89.51 million. ModusLink Global Solutions, Inc has a 1-year low of $1.26 and a 1-year high of $2.08.

ModusLink Global Solutions (NASDAQ:MLNK) last issued its earnings results on Monday, June 5th. The technology company reported ($0.09) earnings per share (EPS) for the quarter. The firm had revenue of $97.95 million during the quarter. ModusLink Global Solutions had a negative net margin of 8.26% and a negative return on equity of 47.50%.

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Separately, Robert W. Baird downgraded ModusLink Global Solutions from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $25.00 to $8.00 in a research report on Thursday, June 8th.

ModusLink Global Solutions Company Profile

ModusLink Global Solutions, Inc is a provider of supply chain and logistics services through its subsidiaries, ModusLink Corporation and ModusLink PTS, Inc The Company provides services to companies in the consumer electronics, communications, computing, software, storage and retail industries. The Company operates through four segments: Americas, Asia, Europe and e-business.

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Institutional Ownership by Quarter for ModusLink Global Solutions (NASDAQ:MLNK)

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