Cannell Capital buys $12.3 Million stake in Rightside Group Ltd (NAME)

Rightside Group Ltd (NAME) : Cannell Capital scooped up 65,012 additional shares in Rightside Group Ltd during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 1,389,953 shares of Rightside Group Ltd which is valued at $12.3 Million.Rightside Group Ltd makes up approximately 5.02% of Cannell Capital’s portfolio.

Other Hedge Funds, Including , Dimensional Fund Advisors Lp boosted its stake in NAME in the latest quarter, The investment management firm added 300 additional shares and now holds a total of 204,807 shares of Rightside Group Ltd which is valued at $1.8 Million.Diversified Investment Strategies reduced its stake in NAME by selling 5,400 shares or 2.03% in the most recent quarter. The Hedge Fund company now holds 261,210 shares of NAME which is valued at $2.3 Million. Rightside Group Ltd makes up approx 2.46% of Diversified Investment Strategies’s portfolio. Segantii Capital Management Ltd added NAME to its portfolio by purchasing 11,900 company shares during the most recent quarter which is valued at $105,434. Rightside Group Ltd makes up approx 0.03% of Segantii Capital Management Ltd’s portfolio. Russell Frank Co added NAME to its portfolio by purchasing 18,650 company shares during the most recent quarter which is valued at $168,596.

Rightside Group Ltd opened for trading at $8.99 and hit $9.06 on the upside on Wednesday, eventually ending the session at $9.06, with a gain of 0.67% or 0.06 points. The heightened volatility saw the trading volume jump to 12,837 shares. Company has a market cap of $174 M.

Rightside Group Ltd. is a provider of domain name services that enable businesses and consumers to find establish and maintain their digital address. The Company is a registrar offering domain name registration and other related services to resellers and directly to domain name registrants. The Company provides infrastructure services through its eNom brand. The Company offers domain name registration services through its retail brands including Name.com. As of December 31 2014 the Company had over 16 million domain names under management. The Company is a domain name registry through its participation in the expansion of generic Top Level Domains (gTLDs) by the Internet Corporation for Assigned Names and Numbers (ICANN). As of December 31 2014 the Company had launched 36 gTLDs in its portfolio including .NINJA .ROCKS and .SOCIAL. The Company has operations in the United States Ireland Grand Cayman Canada and Australia.

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