Globalstar, Inc. (NYSEAMERICAN:GSAT) CEO James Monroe III Purchases 221,606 Shares

Globalstar, Inc. (NYSEAMERICAN:GSAT) CEO James Monroe III bought 221,606 shares of the firm’s stock in a transaction on Monday, December 2nd. The stock was acquired at an average cost of $0.39 per share, with a total value of $86,426.34. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

James Monroe III also recently made the following trade(s):

  • On Friday, November 29th, James Monroe III bought 2,871,541 shares of Globalstar stock. The stock was acquired at an average cost of $0.39 per share, with a total value of $1,119,900.99.

GSAT stock opened at $0.39 on Tuesday. Globalstar, Inc. has a 12 month low of $0.29 and a 12 month high of $0.73.

Globalstar (NYSEAMERICAN:GSAT) last posted its earnings results on Tuesday, November 12th. The Wireless communications provider reported ($0.02) EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.02). The business had revenue of $38.61 million during the quarter.

Separately, Zacks Investment Research raised shares of Globalstar from a “hold” rating to a “buy” rating and set a $0.50 target price for the company in a research report on Tuesday, November 26th.

A number of hedge funds have recently bought and sold shares of GSAT. Swiss National Bank boosted its holdings in shares of Globalstar by 2.8% during the 2nd quarter. Swiss National Bank now owns 1,077,654 shares of the Wireless communications provider’s stock worth $517,000 after buying an additional 29,800 shares during the period. Virtu Financial LLC boosted its holdings in shares of Globalstar by 52.4% during the 3rd quarter. Virtu Financial LLC now owns 92,582 shares of the Wireless communications provider’s stock worth $39,000 after buying an additional 31,819 shares during the period. Water Island Capital LLC boosted its holdings in shares of Globalstar by 29.3% during the 2nd quarter. Water Island Capital LLC now owns 362,000 shares of the Wireless communications provider’s stock worth $174,000 after buying an additional 82,000 shares during the period. UBS Asset Management Americas Inc. boosted its holdings in shares of Globalstar by 32.7% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 384,804 shares of the Wireless communications provider’s stock worth $185,000 after buying an additional 94,909 shares during the period. Finally, Intellectus Partners LLC bought a new stake in shares of Globalstar during the 3rd quarter worth $39,000.

About Globalstar

Globalstar, Inc provides mobile satellite services, voice and data communications services through satellite worldwide. It offers communications services via satellite which includes: two-way voice communication and data transmissions using mobile or fixed devices; and one-way data transmissions using a mobile or fixed device that transmits its location and other information to a central monitoring station.

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