Berkley W R Corp Increases Stock Position in Global Star Acquisition, Inc. (NASDAQ:GLST)

Berkley W R Corp boosted its stake in Global Star Acquisition, Inc. (NASDAQ:GLST) by 77.4% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 502,595 shares of the company’s stock after purchasing an additional 219,220 shares during the quarter. Berkley W R Corp owned about 17.27% of Global Star Acquisition worth $5,388,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of GLST. K2 Principal Fund L.P. purchased a new stake in Global Star Acquisition in the 4th quarter worth $2,878,000. Cowen AND Company LLC lifted its stake in Global Star Acquisition by 295.8% in the 4th quarter. Cowen AND Company LLC now owns 345,882 shares of the company’s stock worth $3,666,000 after purchasing an additional 258,500 shares in the last quarter. ADAR1 Capital Management LLC purchased a new stake in Global Star Acquisition in the 4th quarter worth $848,000. Warberg Asset Management LLC raised its position in shares of Global Star Acquisition by 45.4% during the 4th quarter. Warberg Asset Management LLC now owns 70,608 shares of the company’s stock valued at $749,000 after buying an additional 22,046 shares in the last quarter. Finally, Mizuho Securities USA LLC raised its position in shares of Global Star Acquisition by 1.0% during the 1st quarter. Mizuho Securities USA LLC now owns 295,361 shares of the company’s stock valued at $3,146,000 after buying an additional 3,000 shares in the last quarter. Hedge funds and other institutional investors own 62.18% of the company’s stock.

Global Star Acquisition Stock Performance

Shares of NASDAQ GLST remained flat at $11.11 during mid-day trading on Monday. 1 shares of the stock traded hands, compared to its average volume of 29,347. The business has a 50-day moving average of $11.08 and a 200-day moving average of $10.86. Global Star Acquisition, Inc. has a 52-week low of $10.41 and a 52-week high of $12.31.

Global Star Acquisition (NASDAQ:GLST) last announced its earnings results on Monday, May 20th. The company reported ($0.03) earnings per share (EPS) for the quarter.

Insider Activity

In related news, major shareholder Aqr Capital Management Holding sold 175,000 shares of the company’s stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of $11.05, for a total transaction of $1,933,750.00. Following the transaction, the insider now directly owns 21 shares in the company, valued at approximately $232.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 32.72% of the company’s stock.

Global Star Acquisition Profile

Global Star Acquisition, Inc does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2019 and is based in McLean, Virginia.