Globalink Investment (NASDAQ:GLLI) Stock Price Up 1.1%

Globalink Investment Inc. (NASDAQ:GLLI)’s share price shot up 1.1% on Wednesday . The company traded as high as $11.27 and last traded at $11.27. 223 shares changed hands during mid-day trading, a decline of 97% from the average session volume of 8,897 shares. The stock had previously closed at $11.15.

Globalink Investment Stock Performance

The business’s fifty day moving average price is $11.23 and its two-hundred day moving average price is $11.03. The stock has a market capitalization of $67.73 million, a P/E ratio of -70.43 and a beta of 0.01.

Globalink Investment (NASDAQ:GLLI) last released its quarterly earnings data on Wednesday, May 15th. The company reported ($0.14) earnings per share (EPS) for the quarter.

Institutional Trading of Globalink Investment

A number of hedge funds and other institutional investors have recently made changes to their positions in GLLI. Virtu Financial LLC purchased a new stake in Globalink Investment during the first quarter worth $548,000. SkyView Investment Advisors LLC purchased a new position in Globalink Investment during the first quarter valued at $820,000. K2 Principal Fund L.P. purchased a new position in Globalink Investment during the fourth quarter valued at $1,111,000. Finally, Karpus Management Inc. lifted its stake in shares of Globalink Investment by 42.7% in the fourth quarter. Karpus Management Inc. now owns 251,025 shares of the company’s stock worth $2,721,000 after buying an additional 75,125 shares in the last quarter. Institutional investors and hedge funds own 27.90% of the company’s stock.

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.