ModusLink Global Solutions, Inc. (MLNK) Position Raised by Gabelli Funds LLC

Gabelli Funds LLC increased its position in shares of ModusLink Global Solutions, Inc. (NASDAQ:MLNK) by 6.3% in the fourth quarter, HoldingsChannel reports. The firm owned 441,000 shares of the technology company’s stock after purchasing an additional 26,000 shares during the period. Gabelli Funds LLC’s holdings in ModusLink Global Solutions were worth $1,098,000 at the end of the most recent reporting period.

Separately, Northern Trust Corp increased its position in shares of ModusLink Global Solutions by 2.2% during the 2nd quarter. Northern Trust Corp now owns 139,228 shares of the technology company’s stock worth $237,000 after purchasing an additional 2,997 shares in the last quarter. Institutional investors own 56.22% of the company’s stock.

Shares of ModusLink Global Solutions, Inc. (MLNK) opened at $2.25 on Thursday. The stock has a market cap of $125.00, a PE ratio of -5.62 and a beta of 0.70. The company has a current ratio of 1.74, a quick ratio of 1.53 and a debt-to-equity ratio of 1.04. ModusLink Global Solutions, Inc. has a 1 year low of $1.39 and a 1 year high of $2.90.

ModusLink Global Solutions (NASDAQ:MLNK) last announced its earnings results on Thursday, December 7th. The technology company reported ($0.09) earnings per share (EPS) for the quarter. ModusLink Global Solutions had a negative return on equity of 34.16% and a negative net margin of 5.39%. The firm had revenue of $102.52 million for the quarter.

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ModusLink Global Solutions Company Profile

ModusLink Global Solutions, Inc is a provider of supply chain and logistics services through its subsidiaries, ModusLink Corporation and ModusLink PTS, Inc The Company provides services to companies in the consumer electronics, communications, computing, software, storage and retail industries. The Company operates through four segments: Americas, Asia, Europe and e-business.

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Institutional Ownership by Quarter for ModusLink Global Solutions (NASDAQ:MLNK)

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