Gabelli Funds Has Upped By $857,700 Its Global Sources LTD Com (GSOL) Stake; Webcom Group (WEB) Shorts Decreased By 6.35%

October 20, 2017 - By Richard Conner

Gabelli Funds Llc increased Global Sources Ltd Com (GSOL) stake by 11.53% reported in 2017Q2 SEC filing. Gabelli Funds Llc acquired 42,885 shares as Global Sources Ltd Com (GSOL)’s stock rose 32.24%. The Gabelli Funds Llc holds 414,877 shares with $8.30 million value, up from 371,992 last quarter. Global Sources Ltd Com now has $478.74 million valuation. It closed at $20 lastly. It is down 38.29% since October 20, 2016 and is uptrending. It has outperformed by 21.59% the S&P500.

Webcom Group Incorporated (NASDAQ:WEB) had a decrease of 6.35% in short interest. WEB’s SI was 1.78M shares in October as released by FINRA. Its down 6.35% from 1.91M shares previously. With 270,600 avg volume, 7 days are for Webcom Group Incorporated (NASDAQ:WEB)’s short sellers to cover WEB’s short positions. The SI to Webcom Group Incorporated’s float is 5.19%. The stock decreased 2.17% or $0.55 during the last trading session, reaching $24.85. About shares traded. Web.com Group Inc (NASDAQ:WEB) has risen 26.30% since October 20, 2016 and is uptrending. It has outperformed by 9.60% the S&P500.

Among 4 analysts covering Web.com Group (NASDAQ:WEB), 1 have Buy rating, 0 Sell and 3 Hold. Therefore 25% are positive. Web.com Group had 7 analyst reports since December 30, 2015 according to SRatingsIntel. Suntrust Robinson upgraded the stock to “Buy” rating in Friday, February 12 report. The company was maintained on Friday, May 6 by RBC Capital Markets. Cantor Fitzgerald initiated Web.com Group Inc (NASDAQ:WEB) rating on Wednesday, October 19. Cantor Fitzgerald has “Hold” rating and $20 target. RBC Capital Markets maintained the shares of WEB in report on Tuesday, February 16 with “Sector Perform” rating. The firm has “Neutral” rating given on Wednesday, December 30 by Suntrust Robinson. Suntrust Robinson downgraded the stock to “Hold” rating in Friday, November 4 report. On Tuesday, January 19 the stock rating was upgraded by Craig Hallum to “Buy”.

Web.com Group, Inc. provides a range of Internet services to small businesses. The company has market cap of $1.28 billion. The Firm operates through Web services and products segment. It has a 63.57 P/E ratio. The Firm offers subscription solutions, including domains, hosting, Website design and management, search engine optimization, online marketing campaigns, local sales leads, social media, mobile products and e-commerce solutions.

Gabelli Funds Llc decreased Franco Nevada Corp Com (NYSE:FNV) stake by 47,100 shares to 482,900 valued at $34.85M in 2017Q2. It also reduced Coca Cola Co (NYSE:KO) stake by 78,000 shares and now owns 867,600 shares. Ligand Pharmaceuticals Inc Com (NASDAQ:LGND) was reduced too.

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