GigaMedia: 2 Financial Institutions Supporting the Stock in Quarterly Filing

Insiders are generally long-term investors due to restriction in making short-term profits. In contrast, wealth management institutions always have short-term investment. Wall St. Watchdog reveals information regarding the insiders and institutions which recently increased stock shares of GigaMedia Ltd. (NASDAQ:GIGM).

SEC data indicate that these institutions significantly increased their stock shares of GigaMedia Ltd. in Q3 2011:

KNIGHT CAPITAL GROUP, INC.: On 06/30/2011, held 0 shares. On 09/30/2011, held 30,364 shares, worth $26,417.

CITADEL ADVISORS LLC: On 06/30/2011, held 0 shares. On 09/30/2011, held 8,434 shares, worth $7,338.

About the company: GigaMedia Ltd. provides online entertainment software and services to the online gaming industry, particularly the online poker and casino industry. The Company develops and licenses software for online gambling; and offers MahJong and other games online. GigaMedia Ltd. operates in Greater China, including the Peoples Republic of China, Taiwan, Hong Kong, and Macau.

Competitors to Watch: Giant Interactive Group Inc (NYSE:GA), Shanda Interactive Entertainment Ltd ADR (NASDAQ:SNDA), Perfect World Co., Ltd. (NASDAQ:PWRD), Changyou.com Limited (NASDAQ:CYOU), The9 Limited (NASDAQ:NCTY), NetEase.com, Inc. (NASDAQ:NTES), and Microsoft Corporation (NASDAQ:MSFT).

(Note: Data regarding GigaMedia Ltd.’s stock holdings are sourced from whalewisdom.com. All data are assumed to be accurate.)

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To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com