Acadian Asset Management LLC cut its position in shares of Global Sources Ltd. (NASDAQ:GSOL) by 44.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 111,799 shares of the business services provider’s stock after selling 90,036 shares during the period. Acadian Asset Management LLC owned approximately 0.46% of Global Sources worth $2,235,000 as of its most recent filing with the SEC.

Shares of Global Sources Ltd. (GSOL) traded down 0.26% during midday trading on Monday, hitting $19.35. 10,569 shares of the stock were exchanged. Global Sources Ltd. has a 1-year low of $7.79 and a 1-year high of $21.80. The firm has a 50-day moving average of $19.92 and a 200-day moving average of $13.06. The company has a market capitalization of $468.70 million, a P/E ratio of 26.51 and a beta of 1.07.

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Separately, BidaskClub cut shares of Global Sources from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 24th.

About Global Sources

Global Sources Ltd. is a business-to-business (B2B) media company that provides information and integrated marketing services, with a particular focus on the Greater China market. The Company, together with its subsidiaries, provides services that allow global buyers to identify suppliers and products, and enable suppliers to market their products to a number of buyers.

Institutional Ownership by Quarter for Global Sources (NASDAQ:GSOL)

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