Walleye Capital LLC Sells 63,994 Shares of Globalink Investment Inc. (NASDAQ:GLLI)

Walleye Capital LLC lowered its position in shares of Globalink Investment Inc. (NASDAQ:GLLI - Free Report) by 48.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 67,878 shares of the company's stock after selling 63,994 shares during the quarter. Walleye Capital LLC owned about 1.13% of Globalink Investment worth $770,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Cowen AND Company LLC increased its stake in shares of Globalink Investment by 85.0% in the 2nd quarter. Cowen AND Company LLC now owns 126,746 shares of the company's stock valued at $1,439,000 after acquiring an additional 58,229 shares in the last quarter. Clear Street LLC increased 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 purchasing an additional 19,132 shares in the last quarter. Finally, Wolverine Asset Management LLC raised its holdings 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 valued at $2,524,000 after purchasing an additional 2,494 shares during the period. 27.90% of the stock is currently owned by institutional investors and hedge funds.

Globalink Investment Stock Performance

Shares of GLLI stock remained flat at $11.44 on Friday. 29 shares of the stock were exchanged, compared to its average volume of 283. Globalink Investment Inc. has a one year low of $10.78 and a one year high of $12.10. The stock has a market capitalization of $68.75 million, a P/E ratio of -49.74 and a beta of 0.01. The firm has a 50 day simple moving average of $11.42 and a 200-day simple moving average of $11.31.

About Globalink Investment

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.