Shares of Globalink Investment Inc. (NASDAQ:GLLI – Get Free Report) rose 8.5% on Monday . The stock traded as high as $11.77 and last traded at $11.77. Approximately 800 shares traded hands during mid-day trading, a decline of 91% from the average daily volume of 8,748 shares. The stock had previously closed at $10.85.
Globalink Investment Stock Performance
The business’s 50-day simple moving average is $11.37 and its 200 day simple moving average is $11.31. The company has a market capitalization of $70.71 million, a P/E ratio of -51.17 and a beta of 0.01.
Institutional Trading of Globalink Investment
Several institutional investors have recently made changes to their positions in GLLI. K2 Principal Fund L.P. acquired a new position in Globalink Investment in the 3rd quarter worth about $1,134,000. Clear Street LLC boosted its holdings in Globalink Investment by 2,250.8% in the second quarter. Clear Street LLC now owns 19,982 shares of the company’s stock worth $227,000 after purchasing an additional 19,132 shares in the last quarter. Cowen AND Company LLC raised its holdings in Globalink Investment by 85.0% during the second quarter. Cowen AND Company LLC now owns 126,746 shares of the company’s stock valued at $1,439,000 after buying an additional 58,229 shares in the last quarter. Finally, Wolverine Asset Management LLC lifted its position in shares of Globalink Investment by 1.1% in the second quarter. Wolverine Asset Management LLC now owns 222,619 shares of the company’s stock worth $2,524,000 after buying an additional 2,494 shares during the last quarter. 27.90% of the stock is currently owned by institutional investors and hedge funds.
Globalink Investment Company Profile
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 businesses in the medical technology and green energy sectors in North America, Europe, Southeast Asia, and Asia excluding China, Hong Kong, and Macau.
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