Wolverine Asset Management LLC Has $2.48 Million Stake in Globalink Investment Inc. (NASDAQ:GLLI)

Wolverine Asset Management LLC lowered its holdings in shares of Globalink Investment Inc. (NASDAQ:GLLI) by 1.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 218,765 shares of the company’s stock after selling 3,854 shares during the quarter. Wolverine Asset Management LLC owned 3.64% of Globalink Investment worth $2,481,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of GLLI. Clear Street LLC raised 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 worth $227,000 after buying an additional 19,132 shares during the period. Virtu Financial LLC bought a new stake in Globalink Investment in the 1st quarter valued at $548,000. Cowen AND Company LLC boosted its stake in Globalink Investment by 85.0% in the 2nd quarter. Cowen AND Company LLC now owns 126,746 shares of the company’s stock worth $1,439,000 after purchasing an additional 58,229 shares during the period. SkyView Investment Advisors LLC bought a new position in Globalink Investment during the 1st quarter worth about $820,000. Finally, Karpus Management Inc. raised its stake in shares of Globalink Investment by 43.1% in the 1st quarter. Karpus Management Inc. now owns 359,291 shares of the company’s stock valued at $3,927,000 after purchasing an additional 108,266 shares during the period. Institutional investors own 27.90% of the company’s stock.

Globalink Investment Price Performance

GLLI stock opened at $11.42 on Tuesday. The stock has a market capitalization of $68.63 million, a P/E ratio of -54.38 and a beta of 0.01. Globalink Investment Inc. has a fifty-two week low of $10.78 and a fifty-two week high of $12.10. The business has a 50-day moving average of $11.35 and a 200-day moving average of $11.26.

Globalink Investment (NASDAQ:GLLI) last released its quarterly earnings results on Tuesday, August 13th. The company reported $0.06 earnings per share for the quarter.

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.