Shares of GlobalSCAPE, Inc. (NYSEAMERICAN:GSB) traded down 20.4% during trading on Friday . The company traded as low as $10.15 and last traded at $10.50, 525,696 shares traded hands during trading. An increase of 292% from the average session volume of 134,203 shares. The stock had previously closed at $13.19.
The business also recently announced a dividend, which was paid on Thursday, December 5th. Shareholders of record on Friday, November 29th were issued a $3.35 dividend. The ex-dividend date was Friday, December 6th. This is a boost from GlobalSCAPE’s previous dividend of $0.02.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Advisory Services Network LLC boosted its stake in GlobalSCAPE by 90.0% in the 2nd quarter. Advisory Services Network LLC now owns 26,600 shares of the technology company’s stock worth $272,000 after buying an additional 12,600 shares during the last quarter. GSA Capital Partners LLP purchased a new stake in GlobalSCAPE during the second quarter worth approximately $310,000. Wells Fargo & Company MN boosted its position in shares of GlobalSCAPE by 29,808.3% in the second quarter. Wells Fargo & Company MN now owns 155,523 shares of the technology company’s stock worth $1,590,000 after buying an additional 155,003 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in GlobalSCAPE in the second quarter valued at approximately $167,000. Finally, Acadian Asset Management LLC lifted its holdings in GlobalSCAPE by 343.8% in the 2nd quarter. Acadian Asset Management LLC now owns 57,195 shares of the technology company’s stock worth $585,000 after buying an additional 44,306 shares in the last quarter.
GlobalSCAPE, Inc, together with its subsidiaries, develops and distributes software, delivers managed and hosted solutions, and provides associated services for secure information exchange, and data transfer and sharing for enterprises and consumers worldwide. It offers managed file transfer solutions, including enhanced file transfer platforms; and Mail Express solution that enable users to send and receive encrypted email and attachments of unlimited size.
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