Galaxy Payroll Group Limited’s (NASDAQ:GLXG) Lock-Up Period Set To Expire on March 11th

Galaxy Payroll Group’s (NASDAQ:GLXG) lock-up period is set to end on Tuesday, March 11th. Galaxy Payroll Group had issued 1,750,000 shares in its public offering on September 12th. The total size of the offering was $7,000,000 based on an initial share price of $4.00. After the expiration of the company’s lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company will be lifted.

Galaxy Payroll Group Stock Performance

Shares of NASDAQ:GLXG opened at $0.83 on Tuesday. The company’s 50 day simple moving average is $0.95. Galaxy Payroll Group has a 1 year low of $0.70 and a 1 year high of $16.93.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Galaxy Payroll Group stock. Two Sigma Investments LP bought a new position in shares of Galaxy Payroll Group Limited (NASDAQ:GLXG) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 44,613 shares of the company’s stock, valued at approximately $44,000. Two Sigma Investments LP owned approximately 0.25% of Galaxy Payroll Group as of its most recent filing with the SEC.

Galaxy Payroll Group Company Profile

Galaxy Payroll Group Limited, through its subsidiaries, provides payroll outsourcing, employment, and consultancy and market research services. It has operations in Hong Kong, Macau, the People’s Republic of China, Taiwan, Japan, Australia, Thailand, Malaysia, Vietnam, India, Indonesia, and the Philippines.