insider trading indicates that the deal will take longer to conclude:
Joseph Sherk Insider Buy Transaction
Joseph Sherk is the Principal Financial Officer of ModusLink Global Solutions, Inc. (NASDAQ:MLNK) 3.09 +0.08 2.66%. He not a long ago picked up 8,500 shares in the company with the deal value amounting to close to $28,979 US Dollars. That is according to the SEC provided price of $3.4 for every share. Joseph Sherk has rights to about 0.02% of Moduslink Global Solutions Inc’s market capitalization or 10,500 shares. This large trade occurred on 07/10/2015 and was which was filed with the SEC.
Hedge Funds Ownership
Recently released 13F public filings data reveal 69 institutional investors hold shares in Moduslink Global Solutions Inc. Octafinance tracked institutional investors and hedge funds have traditionally had a high interest in the company in focus, and that was also the case in the last quarter. The institutional ownership was 70.90% of the stock’s outstanding shares. They increased by 282,108 the total shares they hold.