K2 Principal Fund L.P. bought a new stake in Globalink Investment Inc. (NASDAQ:GLLI - Free Report) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 100,000 shares of the company's stock, valued at approximately $1,134,000. K2 Principal Fund L.P. owned 1.66% of Globalink Investment at the end of the most recent reporting period.
A number of other hedge funds have also made changes to their positions in GLLI. Clear Street LLC increased its stake in Globalink Investment by 2,250.8% in the 2nd 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 period. Cowen AND Company LLC increased its stake in shares of Globalink Investment by 85.0% in the second quarter. Cowen AND Company LLC now owns 126,746 shares of the company's stock worth $1,439,000 after acquiring an additional 58,229 shares during 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 worth $2,524,000 after acquiring an additional 2,494 shares in the last quarter. 27.90% of the stock is owned by hedge funds and other institutional investors.
Shares of NASDAQ GLLI opened at $11.44 on Friday. Globalink Investment Inc. has a one year low of $10.78 and a one year high of $12.10. The business's 50-day moving average price is $11.42 and its two-hundred day moving average price is $11.31. The company has a market capitalization of $68.75 million, a P/E ratio of -49.74 and a beta of 0.01.
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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