Icon Advisers Inc. Co. Invests $900,000 in Iridium Communications Inc $IRDM

Icon Advisers Inc. Co. bought a new position in Iridium Communications Inc (NASDAQ:IRDM) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 51,567 shares of the technology company’s stock, valued at approximately $900,000.

Other hedge funds have also modified their holdings of the company. Quantinno Capital Management LP boosted its position in shares of Iridium Communications by 3.1% in the 2nd quarter. Quantinno Capital Management LP now owns 15,199 shares of the technology company’s stock valued at $459,000 after purchasing an additional 461 shares during the period. Intech Investment Management LLC raised its holdings in Iridium Communications by 0.7% during the 2nd quarter. Intech Investment Management LLC now owns 66,921 shares of the technology company’s stock worth $2,019,000 after buying an additional 473 shares during the period. Jones Financial Companies Lllp raised its holdings in Iridium Communications by 36.2% during the 3rd quarter. Jones Financial Companies Lllp now owns 3,053 shares of the technology company’s stock worth $54,000 after buying an additional 812 shares during the period. Hantz Financial Services Inc. lifted its stake in Iridium Communications by 184.7% during the third quarter. Hantz Financial Services Inc. now owns 1,506 shares of the technology company’s stock valued at $26,000 after buying an additional 977 shares in the last quarter. Finally, Franklin Resources Inc. boosted its holdings in shares of Iridium Communications by 4.9% in the second quarter. Franklin Resources Inc. now owns 23,343 shares of the technology company’s stock worth $704,000 after buying an additional 1,094 shares during the period. 84.36% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on IRDM. Weiss Ratings reissued a “sell (d+)” rating on shares of Iridium Communications in a research report on Thursday, January 22nd. BWS Financial restated a “sell” rating and issued a $16.00 price target on shares of Iridium Communications in a research report on Tuesday, February 17th. Finally, Morgan Stanley raised their price objective on shares of Iridium Communications from $24.00 to $26.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 18th. Four equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Iridium Communications presently has a consensus rating of “Hold” and an average price target of $25.40.

Iridium Communications Stock Up 0.3%

Shares of Iridium Communications stock opened at $24.01 on Friday. The stock has a 50-day moving average price of $20.79 and a 200 day moving average price of $19.49. The company has a market cap of $2.52 billion, a P/E ratio of 22.65, a P/E/G ratio of 1.66 and a beta of 0.60. The company has a current ratio of 2.48, a quick ratio of 1.82 and a debt-to-equity ratio of 3.80. Iridium Communications Inc has a 1 year low of $15.65 and a 1 year high of $33.34.

Iridium Communications (NASDAQ:IRDM) last announced its quarterly earnings data on Thursday, February 12th. The technology company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.01. Iridium Communications had a return on equity of 24.01% and a net margin of 13.12%.The firm had revenue of $212.94 million during the quarter, compared to analyst estimates of $219.14 million. During the same period last year, the company posted $0.32 EPS. The business’s quarterly revenue was up .0% compared to the same quarter last year. As a group, analysts expect that Iridium Communications Inc will post 0.89 EPS for the current fiscal year.

Iridium Communications Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 16th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 2.5%. The ex-dividend date is Monday, March 16th. Iridium Communications’s dividend payout ratio (DPR) is currently 56.60%.

Iridium Communications News Roundup

Here are the key news stories impacting Iridium Communications this week:

• Positive Sentiment: Board declared a quarterly cash dividend of $0.15 per share (ex?dividend date March 16, record March 16, payable March 31), implying a ~2.5% yield — positive for income investors and signals confidence in cash flow. Iridium Communications Declares Quarterly Cash Dividend to Shareholders
• Neutral Sentiment: Market commentary pieces discussing IRDM’s investment case may provide background for some buyers/sellers but contain no new company disclosures. These stories can influence retail flows but are unlikely to move fundamentals materially. Is Iridium Communications Inc. (IRDM) A Good Stock To Buy?
• Negative Sentiment: Zacks Research issued multiple cuts to Iridium’s quarterly and annual EPS forecasts across FY2026–FY2028 (including cuts to Q1–Q4 2026 and Q1–Q4 2027 estimates and reductions to FY2026 and FY2027). The revisions reduce near?term earnings expectations and may pressure the stock and analyst sentiment. Zacks lowers Iridium EPS estimates

About Iridium Communications

Iridium Communications Inc operates a global satellite communications network that delivers voice and data services across land, sea and air. The company’s unique architecture relies on a constellation of 66 low-Earth orbit satellites, enabling real-time connectivity in regions beyond the reach of terrestrial wireless networks. Iridium’s core offerings include satellite voice and messaging services, broadband data terminals, push-to-talk (PTT) interoperability and machine-to-machine (M2M) solutions for the Internet of Things (IoT).

Iridium serves a diverse range of markets, including maritime shipping, aviation, government and defense, energy, and enterprise.