Vanguard Group Inc. lowered its holdings in ModusLink Global Solutions, Inc (NASDAQ:MLNK) by 14.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,497,096 shares of the technology company’s stock after selling 248,779 shares during the period. Vanguard Group Inc. owned approximately 2.71% of ModusLink Global Solutions worth $2,560,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in MLNK. Renaissance Technologies LLC increased its position in shares of ModusLink Global Solutions by 11.5% in the first quarter. Renaissance Technologies LLC now owns 1,765,842 shares of the technology company’s stock worth $3,179,000 after acquiring an additional 182,800 shares in the last quarter. Gamco Investors INC. ET AL increased its position in shares of ModusLink Global Solutions by 13.1% in the second quarter. Gamco Investors INC. ET AL now owns 669,747 shares of the technology company’s stock worth $1,145,000 after acquiring an additional 77,747 shares in the last quarter. Kennedy Capital Management Inc. acquired a new stake in shares of ModusLink Global Solutions in the second quarter worth $1,994,000. Finally, Northern Trust Corp grew its holdings in ModusLink Global Solutions by 2.2% during the 2nd quarter. Northern Trust Corp now owns 139,228 shares of the technology company’s stock valued at $237,000 after purchasing an additional 2,997 shares in the last quarter. 56.26% of the stock is owned by institutional investors.

Shares of ModusLink Global Solutions, Inc (MLNK) opened at $1.68 on Thursday. ModusLink Global Solutions, Inc has a fifty-two week low of $1.33 and a fifty-two week high of $2.38. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.73 and a quick ratio of 1.50.

ModusLink Global Solutions (NASDAQ:MLNK) last released its quarterly earnings results on Monday, October 16th. The technology company reported ($0.17) earnings per share for the quarter. The firm had revenue of $99.78 million for the quarter. ModusLink Global Solutions had a negative net margin of 5.92% and a negative return on equity of 36.62%. During the same period last year, the firm posted ($0.38) earnings per share.

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ModusLink Global Solutions 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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