Globalink Investment Inc. (NASDAQ:GLLI) Shares Purchased by Karpus Management Inc.

Karpus Management Inc. grew its holdings in Globalink Investment Inc. (NASDAQ:GLLI) by 43.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 359,291 shares of the company’s stock after acquiring an additional 108,266 shares during the period. Karpus Management Inc. owned about 5.98% of Globalink Investment worth $3,927,000 as of its most recent filing with the Securities & Exchange Commission.

Separately, K2 Principal Fund L.P. purchased a new position in Globalink Investment in the fourth quarter valued at approximately $1,111,000. Institutional investors own 27.90% of the company’s stock.

Globalink Investment Stock Performance

Shares of Globalink Investment stock remained flat at $11.24 on Thursday. The stock had a trading volume of 1,113 shares, compared to its average volume of 8,339. The firm has a market cap of $67.52 million, a PE ratio of -70.21 and a beta of 0.01. Globalink Investment Inc. has a fifty-two week low of $10.58 and a fifty-two week high of $12.10. The business has a 50-day moving average price of $11.25 and a 200 day moving average price of $11.05.

Globalink Investment (NASDAQ:GLLI) last announced its earnings results on Wednesday, May 15th. The company reported ($0.14) earnings per share for the quarter.

Globalink Investment Company Profile

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.