Here’s Who Just Picked Up China Fund Inc. (NYSE:CHN) Shares

In a just published Form 13, filed with the US Securities and Exchange Commission (SEC),...
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In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), China Fund Inc. (NYSE:CHN) reported that City Of London Investment Group Plc has picked up 3,812,930 of common stock as of 2017-04-27.

The acquisition brings the aggregate amount owned by City Of London Investment Group Plc to a total of 3,812,930 representing less than 24.3% stake in the company.

For those not familiar with the company, 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 domain name registrants. It provides infrastructure services through its eNom brand. It has over 16.5 million domain names under management. It has a portfolio of over 40 generic Top Level Domains (gTLDs) acquired through Internet Corporation for Assigned Names and Numbers (ICANN)’s expansion of new gTLDs. It has launched all of its gTLDs, including .NEWS, .LIVE, and .FAMILY, into general availability in the marketplace. Its registry services business builds a distribution network of over 125 ICANN accredited registrars, including GoDaddy, eNom and, as well as other complementary distribution partners, such as Website builders and e-mail service providers, that offer its gTLD domain names to businesses and consumers.

A glance at China Fund Inc. (NYSE:CHN)’s key stats reveals a current market capitalization of 187.37 Million based on 19.64 Million shares outstanding and a price at last close of $9.52 per share.

Looking at insider activity, there are a few transactions worth noting.

Specifically, on 2014-01-10 French picked up 600 at a purchase price of $20.32. This brings their total holding to 2,500 as of the date of the filing.

It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on China Fund Inc. (NYSE:CHN) as things move forward to see if its progress aligns with these transactions.

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