Globalstar, Inc. (NYSEAMERICAN:GSAT) CEO Purchases $86,426.34 in Stock

Globalstar, Inc. (NYSEAMERICAN:GSAT) CEO James Monroe III purchased 221,606 shares of Globalstar stock in a transaction dated Monday, December 2nd. The shares were bought at an average price of $0.39 per share, for a total transaction of $86,426.34. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

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

Shares of NYSEAMERICAN:GSAT remained flat at $$0.39 during midday trading on Monday. The company had a trading volume of 1,220,100 shares, compared to its average volume of 1,667,276. Globalstar, Inc. has a 1 year low of $0.29 and a 1 year high of $0.73.

Globalstar (NYSEAMERICAN:GSAT) last issued its quarterly earnings data on Tuesday, November 12th. The Wireless communications provider reported ($0.02) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.02). The business had revenue of $38.61 million for the quarter.

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

Several large investors have recently modified their holdings of GSAT. Penserra Capital Management LLC grew its position in Globalstar by 121.4% in the 3rd quarter. Penserra Capital Management LLC now owns 1,264,317 shares of the Wireless communications provider’s stock valued at $523,000 after acquiring an additional 693,145 shares in the last quarter. Virtu Financial LLC grew its position in Globalstar by 52.4% in the 3rd quarter. Virtu Financial LLC now owns 92,582 shares of the Wireless communications provider’s stock valued at $39,000 after acquiring an additional 31,819 shares in the last quarter. Beck Mack & Oliver LLC grew its position in Globalstar by 0.6% in the 3rd quarter. Beck Mack & Oliver LLC now owns 19,671,540 shares of the Wireless communications provider’s stock valued at $8,138,000 after acquiring an additional 117,000 shares in the last quarter. California Public Employees Retirement System grew its position in Globalstar by 71.5% in the 3rd quarter. California Public Employees Retirement System now owns 339,414 shares of the Wireless communications provider’s stock valued at $140,000 after acquiring an additional 141,525 shares in the last quarter. Finally, Alpine Group USVI LLC acquired a new position in Globalstar in the 3rd quarter valued at about $703,000.

Globalstar Company Profile

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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