HighPoint Advisor Group LLC acquired a new position in Globalstar, Inc. (NYSE:GSAT – Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 57,700 shares of the company’s stock, valued at approximately $112,000.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in GSAT. Abel Hall LLC purchased a new position in shares of Globalstar during the 4th quarter worth $26,000. Panagora Asset Management Inc. acquired a new stake in shares of Globalstar during the fourth quarter valued at about $35,000. Evergreen Capital Management LLC purchased a new stake in shares of Globalstar in the 3rd quarter valued at approximately $53,000. EP Wealth Advisors LLC lifted its holdings in shares of Globalstar by 141.3% in the 3rd quarter. EP Wealth Advisors LLC now owns 40,550 shares of the company’s stock worth $53,000 after acquiring an additional 23,748 shares during the last quarter. Finally, Pure Financial Advisors LLC purchased a new position in shares of Globalstar during the 4th quarter worth approximately $97,000. Institutional investors and hedge funds own 18.89% of the company’s stock.
Globalstar Stock Performance
Shares of Globalstar stock opened at $1.04 on Friday. Globalstar, Inc. has a 12 month low of $0.96 and a 12 month high of $2.13. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.00 and a quick ratio of 0.90. The stock has a market capitalization of $1.98 billion, a price-to-earnings ratio of -52.00 and a beta of 0.82. The business has a 50-day moving average of $1.10 and a 200 day moving average of $1.24.
Analysts Set New Price Targets
Separately, StockNews.com cut Globalstar from a “hold” rating to a “sell” rating in a research note on Thursday, February 29th.
Check Out Our Latest Research Report on Globalstar
About Globalstar
Globalstar, Inc provides mobile satellite services in the United States, Canada, Europe, Central and South America, and internationally. The company offers duplex two-way voice and data products, including mobile voice and data satellite communications services and equipment for remote business continuity, recreational usage, safety, emergency preparedness and response, and other applications.
Read More
- Five stocks we like better than Globalstar
- How to Invest in Tech Stocks and Top Tech Stocks to Consider
- McDonald’s Stock: Balancing Value and Innovation
- ESG Stocks, What Investors Should Know
- MarketBeat Week in Review – 6/17 – 6/21
- How to Use the MarketBeat Stock Screener
- Sarepta Therapeutics Stock Soars on FDA Approval
Want to see what other hedge funds are holding GSAT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Globalstar, Inc. (NYSE:GSAT – Free Report).
Receive News & Ratings for Globalstar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Globalstar and related companies with MarketBeat.com's FREE daily email newsletter.