HighTower Advisors LLC lessened its holdings in Globalstar, Inc. (NYSEARCA:GSAT – Free Report) by 93.2% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 72,264 shares of the company’s stock after selling 991,802 shares during the period. HighTower Advisors LLC’s holdings in Globalstar were worth $1,507,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. GAMMA Investing LLC purchased a new position in shares of Globalstar in the 1st quarter worth approximately $57,000. IFP Advisors Inc boosted its stake in shares of Globalstar by 59,255.6% in the 1st quarter. IFP Advisors Inc now owns 5,342 shares of the company’s stock worth $111,000 after buying an additional 5,333 shares during the last quarter. Inlight Wealth Management LLC purchased a new position in shares of Globalstar in the 1st quarter worth approximately $122,000. New Age Alpha Advisors LLC purchased a new position in shares of Globalstar in the 1st quarter worth approximately $150,000. Finally, Rossby Financial LCC purchased a new position in shares of Globalstar in the 1st quarter worth approximately $157,000. Hedge funds and other institutional investors own 18.89% of the company’s stock.
Globalstar Price Performance
Shares of NYSEARCA GSAT opened at $26.70 on Monday. The company has a quick ratio of 0.99, a current ratio of 1.09 and a debt-to-equity ratio of 0.91. The company has a market capitalization of $3.38 billion, a PE ratio of -890.00 and a beta of 0.87. The stock’s 50 day moving average price is $25.41 and its 200-day moving average price is $21.90. Globalstar, Inc. has a twelve month low of $15.00 and a twelve month high of $41.10.
Globalstar Profile
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.
Featured Articles
- Five stocks we like better than Globalstar
- What Investors Must Know About Over-the-Counter (OTC) Stocks
- Costco and Ross: 2 Ways to Play the Consumer Divide
- Insider Buying Explained: What Investors Need to Know
- Is Paramount Skydance a Buy Post-Merger, Short Squeeze?
- TSX Venture Exchange (Formerly Canadian Venture Exchange)
- V2X Stock: Defense Underdog Riding a $4.3B Air Force Contract
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. (NYSEARCA: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.
