Connective Capital Management LLC Purchases Shares of 175,827 Globavend Holdings Limited $GVH

Connective Capital Management LLC purchased a new position in Globavend Holdings Limited (NASDAQ:GVH) during the 4th quarter, Holdings Channel reports. The firm purchased 175,827 shares of the company’s stock, valued at approximately $253,000. Connective Capital Management LLC owned 2.51% of Globavend as of its most recent filing with the SEC.

Separately, Jane Street Group LLC acquired a new position in shares of Globavend during the second quarter valued at about $29,000.

Globavend Stock Down 3.6%

Shares of GVH stock opened at $4.00 on Friday. Globavend Holdings Limited has a one year low of $0.87 and a one year high of $308.00. The stock has a fifty day moving average price of $3.99 and a 200 day moving average price of $2.57.

Globavend (NASDAQ:GVH) last posted its quarterly earnings results on Friday, February 13th. The company reported ($2.20) earnings per share for the quarter. The business had revenue of $4.92 million for the quarter.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Wall Street Zen upgraded shares of Globavend to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings upgraded Globavend from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, May 20th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $80.00.

Globavend Company Profile

Globavend Holdings Limited, together with its subsidiaries, provides integrated cross-border logistics services and air freight forwarding services in Hong Kong, Australia, and New Zealand. The company's services include parcel consolidation, air freight forwarding, customs clearance, on-carriage parcel transportation, and delivery. It serves e-commerce merchants and operators of e-commerce platforms. The company was founded in 2016 and is based in Perth, Australia. Globavend Holdings Limited is subsidiary of Globavend Investments Limited.