Globalink Investment (NASDAQ:GLLI) Stock Price Up 8.5% – Here’s What Happened

Globalink Investment Inc. (NASDAQ:GLLI)’s stock price traded up 8.5% on Monday . The stock traded as high as $11.77 and last traded at $11.77. 800 shares changed hands during mid-day trading, a decline of 91% from the average session volume of 8,748 shares. The stock had previously closed at $10.85.

Globalink Investment Stock Performance

The firm’s 50 day moving average price is $11.37 and its two-hundred day moving average price is $11.31. The firm has a market cap of $70.71 million, a PE ratio of -51.17 and a beta of 0.01.

Institutional Trading of Globalink Investment

Several institutional investors and hedge funds have recently modified their holdings of GLLI. Wolverine Asset Management LLC raised its stake in Globalink Investment by 1.1% in the 2nd 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 last quarter. Cowen AND Company LLC raised its stake in shares of Globalink Investment by 85.0% during the second quarter. Cowen AND Company LLC now owns 126,746 shares of the company’s stock valued at $1,439,000 after purchasing an additional 58,229 shares during the period. Clear Street LLC grew its holdings in Globalink Investment by 2,250.8% during the 2nd 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, K2 Principal Fund L.P. purchased a new stake in shares of Globalink Investment during the third quarter worth about $1,134,000. Hedge funds and other 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.