Reglikedomain industry desk

Invests another $1 million in Rightside — Frank Schilling

Domain name investor buys more shares, and has made a modest profit.

A firm connected to domain name investor Frank Schilling has purchased another 150,000 shares of Rightside (NASDAQ: NAME) stock, increasing his interest in the firm to 6.1% of shares outstanding.

An SEC filing reveals that Schilling has paid a total of $8,387,181, counting brokerage commissions, to acquire his stake. That means he has paid an average of $7.24 per share. Shares are trading for regarding $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.

A few days back .XYZ founder Daniel Negari and COO Mike Ambrose revealed they have a 5.2% stake in the firm.

It’s worth noting that Schilling and Negari have partnered on projects, counting .Car/.Cars/.Auto.

Rightside operates a number of top level domain names and owns the world’s second largest domain name registrar, eNom.

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