According to tradecalls.com; Sabal Capital Management reduced its stake in Rightside Group Ltd by 10.0% during the most recent quarter end.
The investment management company now holds a total of 312,868 shares of Rightside Group Ltd which is valued at $3,707,486 after selling 34,746 shares in Rightside Group Ltd , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.
Rightside Group Ltd makes up approximately 7.98% of Sabal Capital Management’s portfolio.
Other Hedge Funds, Including , Citadel Advisors reduced its stake in NAME by selling 18,808 shares or 48.17% in the most recent quarter.
The Hedge Fund company now holds 20,234 shares of NAME which is valued at $239,773.
Diversified Investment Strategies boosted its stake in NAME in the latest quarter, The investment management firm added 14,710 additional shares and now holds a total of 275,920 shares of Rightside Group Ltd which is valued at $3,269,652.
Rightside Group Ltd makes up approx 3.18% of Diversified Investment Strategies’s portfolio.
Tiaa Cref Investment Management added NAME to its portfolio by purchasing 33,881 company shares during the most recent quarter which is valued at $401,490.
Tower Research Capital (trc) boosted its stake in NAME in the latest quarter, The investment management firm added 791 additional shares and now holds a total of 1,232 shares of Rightside Group Ltd which is valued at $14,599.
From an article in the Telegraph. on Monday, Aug 29, reporting the diminishing valuations of companies that went “all in” by providing GTLDs to the public.
The Lowdown: Three years in, poorly executed, disappointing, a “failed experiment”
:Emily Taylor, a web consultant who formerly worked at Nominet, the organisation that runs .uk, says internet users would be unlikely to trust a .london over a .co.uk when setting up a website. “I don’t think the user on the street is that aware there are new websites out there,” she says.
CentralNic, the biggest seller of generic top level domains, has seen shares fall by almost two thirds since their peak in 2013″
No idea if Rightside has been facing similar challenges. But the horizon appears darkening.
Rich Schwartz looks like Nostradamus per his GTLD prognostications in 2014.