K2 Principal Fund L.P. acquired a new position in shares of Globalink Investment Inc. (NASDAQ:GLLI - Free Report) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund acquired 100,000 shares of the company's stock, valued at approximately $1,134,000. K2 Principal Fund L.P. owned approximately 1.66% of Globalink Investment as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Wolverine Asset Management LLC increased its position in shares of Globalink Investment by 1.1% during the second quarter. Wolverine Asset Management LLC now owns 222,619 shares of the company's stock worth $2,524,000 after purchasing an additional 2,494 shares in the last quarter. Cowen AND Company LLC increased its position in Globalink Investment by 85.0% during the 2nd 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, Clear Street LLC raised its stake in Globalink Investment by 2,250.8% in the second quarter. Clear Street LLC now owns 19,982 shares of the company's stock valued at $227,000 after buying an additional 19,132 shares during the last quarter. Hedge funds and other institutional investors own 27.90% of the company's stock.
Globalink Investment Stock Performance
NASDAQ GLLI remained flat at $11.44 during trading on Friday. The company's stock had a trading volume of 29 shares, compared to its average volume of 283. Globalink Investment Inc. has a fifty-two week low of $10.78 and a fifty-two week high of $12.10. The company has a market capitalization of $68.75 million, a P/E ratio of -49.74 and a beta of 0.01. The firm's fifty day moving average is $11.42 and its 200 day moving average is $11.32.
Globalink Investment Company Profile
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Free Report)
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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