Radcliffe Capital Management L.P. bought a new position in shares of Globalink Investment Inc. (NASDAQ:GLLI – Get Rating) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 100,000 shares of the company’s stock, valued at approximately $979,000. Radcliffe Capital Management L.P. owned 2.95% of Globalink Investment as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Landscape Capital Management L.L.C. acquired a new position in Globalink Investment during the fourth quarter worth $734,000. K2 Principal Fund L.P. purchased a new stake in Globalink Investment during the fourth quarter worth about $2,026,000. Finally, Wolverine Asset Management LLC purchased a new stake in Globalink Investment during the fourth quarter worth about $2,654,000.
Shares of GLLI stock remained flat at $$9.90 during trading hours on Friday. The firm has a 50-day moving average of $9.92. Globalink Investment Inc. has a 12 month low of $9.77 and a 12 month high of $9.96.
Globalink Investment Inc does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. It intends to identify and acquire business in the technology industry within the e-commerce and payments sectors in North America, Europe, South East Asia, and Asia excluding China, Hong Kong, and Macau.
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