Globalink Investment (NASDAQ:GLLI) Trading 1.1% Higher

Shares of Globalink Investment Inc. (NASDAQ:GLLIGet Free Report) were up 1.1% during mid-day trading on Wednesday . The company traded as high as $11.27 and last traded at $11.27. Approximately 223 shares traded hands during mid-day trading, a decline of 97% from the average daily volume of 8,897 shares. The stock had previously closed at $11.15.

Globalink Investment Trading Up 1.1 %

The company has a market cap of $67.73 million, a PE ratio of -70.43 and a beta of 0.01. The business’s 50-day simple moving average is $11.23 and its 200-day simple moving average is $11.03.

Globalink Investment (NASDAQ:GLLIGet Free Report) last announced its quarterly earnings results on Wednesday, May 15th. The company reported ($0.14) EPS for the quarter.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of GLLI. Virtu Financial LLC acquired a new position in shares of Globalink Investment during the 1st quarter worth $548,000. SkyView Investment Advisors LLC acquired a new position in shares of Globalink Investment during the 1st quarter worth $820,000. K2 Principal Fund L.P. acquired a new position in shares of Globalink Investment during the 4th quarter worth $1,111,000. Finally, Karpus Management Inc. grew its stake in Globalink Investment by 42.7% in the 4th quarter. Karpus Management Inc. now owns 251,025 shares of the company’s stock valued at $2,721,000 after buying an additional 75,125 shares during the last quarter. Institutional investors and hedge funds own 27.90% of the company’s stock.

Globalink Investment Company Profile

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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.

Further Reading

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