Globalstar, Inc. (NYSE:GSAT - Get Free Report) Director James Monroe III purchased 500,000 shares of Globalstar stock in a transaction that occurred on Thursday, December 26th. The shares were bought at an average cost of $2.10 per share, for a total transaction of $1,050,000.00. Following the completion of the transaction, the director now directly owns 11,334,090 shares in the company, valued at $23,801,589. This represents a 4.62 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this link.
James Monroe III also recently made the following trade(s):
- On Monday, December 23rd, James Monroe III bought 500,000 shares of Globalstar stock. The shares were purchased at an average cost of $1.93 per share, for a total transaction of $965,000.00.
- On Friday, December 20th, James Monroe III acquired 500,000 shares of Globalstar stock. The stock was purchased at an average cost of $1.97 per share, with a total value of $985,000.00.
- On Wednesday, December 18th, James Monroe III acquired 500,000 shares of Globalstar stock. The shares were acquired at an average price of $2.00 per share, with a total value of $1,000,000.00.
- On Monday, December 16th, James Monroe III purchased 500,000 shares of Globalstar stock. The stock was bought at an average price of $1.96 per share, with a total value of $980,000.00.
- On Friday, December 13th, James Monroe III acquired 530,000 shares of Globalstar stock. The shares were bought at an average price of $1.90 per share, for a total transaction of $1,007,000.00.
Globalstar Price Performance
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GSAT traded down $0.11 during trading hours on Monday, hitting $2.04. 6,673,167 shares of the stock were exchanged, compared to its average volume of 8,115,373. The firm has a market capitalization of $3.86 billion, a PE ratio of -68.00 and a beta of 1.10. The stock has a 50-day simple moving average of $2.00. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.99 and a current ratio of 1.09. Globalstar, Inc. has a 12 month low of $1.00 and a 12 month high of $2.74.
Institutional Investors Weigh In On Globalstar
Institutional investors have recently modified their holdings of the business. Dynamic Technology Lab Private Ltd acquired a new position in Globalstar in the third quarter valued at approximately $56,000. Sender Co & Partners Inc. acquired a new position in Globalstar during the 3rd quarter valued at approximately $106,000. Point72 Asia Singapore Pte. Ltd. grew its stake in Globalstar by 1,000.5% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 129,644 shares of the company's stock worth $161,000 after buying an additional 117,864 shares during the last quarter. BNP Paribas Financial Markets increased its position in Globalstar by 26.4% in the third quarter. BNP Paribas Financial Markets now owns 328,298 shares of the company's stock worth $407,000 after buying an additional 68,599 shares during the period. Finally, XTX Topco Ltd lifted its stake in Globalstar by 3,472.7% in the third quarter. XTX Topco Ltd now owns 976,353 shares of the company's stock valued at $1,211,000 after buying an additional 949,025 shares during the last quarter. Institutional investors own 18.89% of the company's stock.
Wall Street Analyst Weigh In
Separately, StockNews.com raised Globalstar from a "sell" rating to a "hold" rating in a report on Monday, November 11th.
Check Out Our Latest Analysis on Globalstar
About Globalstar
(
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GLOBALSTAR INC offers satellite voice and data services to commercial and recreational users in more than 120 countries around the world. Globalstar's products include mobile and fixed satellite telephones, simplex and duplex satellite data modems and flexible service packages. Many land based and maritime industries benefit from Globalstar with increased productivity from remote areas beyond cellular and landline service.
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