CBL International’s (NASDAQ:BANL – Get Free Report) lock-up period is set to expire on Tuesday, September 19th. CBL International had issued 3,325,000 shares in its IPO on March 23rd. The total size of the offering was $13,300,000 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.
CBL International Stock Performance
CBL International stock opened at $1.40 on Tuesday. The firm’s fifty day moving average is $1.75. CBL International has a fifty-two week low of $1.33 and a fifty-two week high of $21.53.
Hedge Funds Weigh In On CBL International
An institutional investor recently bought a new position in CBL International stock. Geode Capital Management LLC purchased a new position in CBL International Limited (NASDAQ:BANL – Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 13,001 shares of the company’s stock, valued at approximately $41,000. Geode Capital Management LLC owned about 0.05% of CBL International as of its most recent SEC filing. 0.11% of the stock is owned by hedge funds and other institutional investors.
CBL International Company Profile
CBL International Limited, a fuel logistics company, provides vessel refueling solutions in Malaysia, Hong Kong, China, South Korea, Singapore, and internationally. The company offers trade credit and arranges local physical delivery of marine fuel. It expedites vessel refueling between ship operators and local physical distributors/traders of marine fuel.
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