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

Globalink Investment Inc. (NASDAQ:GLLI)’s share price rose 1.1% during trading on Wednesday . The company traded as high as $11.27 and last traded at $11.27. Approximately 223 shares were traded during trading, a decline of 97% from the average daily volume of 8,897 shares. The stock had previously closed at $11.15.

Globalink Investment Stock Performance

The stock has a 50 day simple moving average of $11.23 and a 200 day simple moving average of $11.03. The stock has a market cap 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 for the quarter.

Institutional Investors Weigh In On Globalink Investment

Several institutional investors and hedge funds have recently made changes to their positions in GLLI. Virtu Financial LLC purchased a new stake in shares of Globalink Investment in the first quarter worth approximately $548,000. SkyView Investment Advisors LLC bought a new position in shares of Globalink Investment in the first quarter worth $820,000. K2 Principal Fund L.P. bought a new position in shares of Globalink Investment in the fourth quarter worth $1,111,000. Finally, Karpus Management Inc. boosted its stake in Globalink Investment by 42.7% during the fourth 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 period. Institutional investors own 27.90% of the company’s stock.

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.