Globalstar, Inc. (GSAT) CEO James Monroe III Sells 38,000,000 Shares of Stock
Globalstar, Inc. (NYSEAMERICAN:GSAT) CEO James Monroe III sold 38,000,000 shares of Globalstar stock in a transaction that occurred on Tuesday, December 12th. The stock was sold at an average price of $1.16, for a total value of $44,080,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
James Monroe III also recently made the following trade(s):
- On Wednesday, October 11th, James Monroe III acquired 27,607,656 shares of Globalstar stock. The shares were bought at an average cost of $1.57 per share, for a total transaction of $43,344,019.92.
Globalstar, Inc. (NYSEAMERICAN:GSAT) traded down $0.03 during midday trading on Thursday, reaching $1.18. The company’s stock had a trading volume of 3,329,286 shares, compared to its average volume of 5,231,028. Globalstar, Inc. has a one year low of $0.88 and a one year high of $2.59.
Globalstar (NYSEAMERICAN:GSAT) last released its quarterly earnings data on Thursday, November 2nd. The Wireless communications provider reported $0.04 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.02) by $0.06. Globalstar had a return on equity of 145.71% and a net margin of 172.06%. The company had revenue of $30.46 million for the quarter.
A hedge fund recently raised its stake in Globalstar stock. Private Advisor Group LLC grew its holdings in Globalstar, Inc. (NYSEAMERICAN:GSAT) by 650.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 75,000 shares of the Wireless communications provider’s stock after purchasing an additional 65,000 shares during the period. Private Advisor Group LLC’s holdings in Globalstar were worth $122,000 as of its most recent filing with the Securities & Exchange Commission.
A number of equities analysts have weighed in on the company. TheStreet raised Globalstar from a “d” rating to a “c-” rating in a research note on Monday, November 13th. BidaskClub lowered Globalstar from a “sell” rating to a “strong sell” rating in a research note on Saturday, September 9th.
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Globalstar, Inc (Globalstar) provides mobile satellite services (MSS), including voice and data communications services globally through satellite. The Company provides wireless communications services in areas not served or underserved by terrestrial wireless and wireline networks and in circumstances where terrestrial networks are not operational due to natural or man-made disasters.
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