GSA Capital Partners LLP Lowers Stake in Globalstar, Inc. (GSAT)

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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.

NYSEAMERICAN GSAT opened at $0.44 on Friday. Globalstar, Inc. has a 52 week low of $0.29 and a 52 week high of $0.88.

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About Globalstar

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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Institutional Ownership by Quarter for Globalstar (NYSEAMERICAN:GSAT)

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