GSA Capital Partners LLP cut its stake in shares of Globalstar, Inc. (NYSEAMERICAN:GSAT) by 22.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 403,805 shares of the Wireless communications provider’s stock after selling 116,700 shares during the period. GSA Capital Partners LLP’s holdings in Globalstar were worth $258,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in GSAT. Parsec Financial Management Inc. purchased a new stake in Globalstar during the 4th quarter worth $36,000. Virtu Financial LLC lifted its holdings in Globalstar by 194.0% in the 4th quarter. Virtu Financial LLC now owns 115,545 shares of the Wireless communications provider’s stock worth $74,000 after buying an additional 76,246 shares in the last quarter. Water Island Capital LLC acquired a new position in Globalstar in the 3rd quarter worth $102,000. Investment Management of Virginia LLC lifted its holdings in Globalstar by 100.0% in the 4th quarter. Investment Management of Virginia LLC now owns 160,000 shares of the Wireless communications provider’s stock worth $102,000 after buying an additional 80,000 shares in the last quarter. Finally, Joel Isaacson & Co. LLC acquired a new position in Globalstar in the 4th quarter worth $112,000.
A number of equities research analysts have recently issued reports on GSAT shares. Zacks Investment Research upgraded shares of Globalstar from a “sell” rating to a “hold” rating in a research note on Thursday, February 28th. TheStreet upgraded shares of Globalstar from a “d+” rating to a “c-” rating in a research note on Thursday, January 3rd.
ILLEGAL ACTIVITY NOTICE: “GSA Capital Partners LLP Lowers Stake in Globalstar, Inc. (GSAT)” was first reported by Ticker Report and is the property of of Ticker Report. If you are reading this piece of content on another domain, it was stolen and reposted in violation of US & international trademark & copyright laws. The correct version of this piece of content can be viewed at https://www.tickerreport.com/banking-finance/4240226/gsa-capital-partners-llp-lowers-stake-in-globalstar-inc-gsat.html.
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.
Recommended Story: Trading Stocks – What are percentage gainers?
Want to see what other hedge funds are holding GSAT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Globalstar, Inc. (NYSEAMERICAN:GSAT).
Receive News & Ratings for Globalstar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Globalstar and related companies with MarketBeat.com's FREE daily email newsletter.