Domain name investor buys more shares, and has made a small profit.
A company connected to domain name investor Frank Schilling has purchased another 150,000 shares of Rightside (NASDAQ: NAME) stock, increasing his interest in the company to 6.1% of shares outstanding.
An SEC filing reveals that Schilling has paid a total of $8,387,181, including brokerage commissions, to acquire his stake. That means he has paid an average of $7.24 per share. Shares are trading for about $8.00 right now, so Schilling has made a profit on his investment.
The magnitude of Schilling’s investment was first publicly revealed in an SEC filing in October.
Earlier this week .XYZ founder Daniel Negari and COO Mike Ambrose revealed they have a 5.2% stake in the company.
It’s worth noting that Schilling and Negari have partnered on projects, including .Car/.Cars/.Auto.
Rightside operates a number of top level domain names and owns the world’s second largest domain name registrar, eNom.