Maven Securities LTD purchased a new position in Glory Star New Media Group Holdings Limited (NASDAQ:GSMG – Get Rating) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 90,512 shares of the company’s stock, valued at approximately $94,000. Maven Securities LTD owned approximately 0.13% of Glory Star New Media Group at the end of the most recent quarter.
Separately, Shah Capital Management raised its position in Glory Star New Media Group by 11.1% in the first quarter. Shah Capital Management now owns 7,557,251 shares of the company’s stock worth $7,859,000 after acquiring an additional 757,251 shares in the last quarter. Hedge funds and other institutional investors own 10.86% of the company’s stock.
Glory Star New Media Group Trading Up 0.7 %
Shares of Glory Star New Media Group stock opened at $1.38 on Monday. The company’s 50-day moving average price is $1.33 and its two-hundred day moving average price is $1.03. Glory Star New Media Group Holdings Limited has a 52 week low of $0.57 and a 52 week high of $2.55.
About Glory Star New Media Group
Glory Star New Media Group Holdings Limited, through its subsidiaries, provides advertisement and content production services in the People's Republic of China. The company also engages in mobile and online digital advertising, and media and entertainment businesses. In addition, it operates CHEERS app, an e-commerce platform that allows users to access online store, live streaming, series TV shows, and online games, as well as online short videos, variety shows, and dramas.
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