Globalstar, Inc. (NYSE:GSAT) reached 199.89% versus a 1-year low price of $0.73. The stock was last seen 3.29% higher, reaching at $2.2 on June 16, 2017. At recent session, the prices were hovering between $2.08 and $2.22. This company shares are 13.64% off its target price of $2.5 and the current market capitalization stands at $2.09B. The recent change has given its price a 10.39% lead over SMA 50 and -15.06% deficit over its 52-week high. The stock witnessed -3.93% declines, 49.66% gains and 133.25% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found GSAT’s volatility during a week at 4.49% and during a month it has been found around 6.06%.

Globalstar, Inc. (GSAT) Top Holders

Institutional investors currently hold around $673 million or 36.2% in GSAT stock. Look at its top three institutional owners. Vanguard Group Inc owns $101.51 million in Globalstar, Inc., which represents roughly 4.86% of the company’s market cap and approximately 15.08% of the institutional ownership. Similar statistics are true for the second largest owner, Blackrock Inc., which owns 37,752,716 shares of the stock are valued at $83.06 million. The third largest holder is Steelhead Partners Llc, which currently holds $58.29 million worth of this stock and that ownership represents nearly 2.79% of its market capitalization.

Globalstar, Inc. 13F Filings

At the end of Mar reporting period, 72 institutional holders increased their position in Globalstar, Inc. (NYSE:GSAT) by some 29,684,704 shares, 58 decreased positions by 33,097,774 and 37 held positions by 243,071,882. That puts total institutional holdings at 305,854,360 shares, according to SEC filings. The stock grabbed 25 new institutional investments totaling 6,424,474 shares while 21 institutional investors sold out their entire positions totaling 7,461,882 shares.

Globalstar, Inc. (NYSE:GSAT) Insider Trades

Multiple company employees have indulged in significant insider trading. Globalstar, Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that General Counsel Ponder L Barbee IV has sold 86,770 shares of Globalstar, Inc. (GSAT) in trading session dated Mar. 10, 2017. These shares are worth $123,213 and were traded at $1.42 each. The SEC filing shows that Clary Rebecca performed a sale of 34,274 shares. The VP & CFO disposed these shares by way of transaction on Mar. 02, 2017. The company’s shares were given away at $1.42 per share worth to an income of some $48,669 on account of Clary Rebecca.

President & COO, Kagan David B., purchased 37,000 common shares of Globalstar, Inc. (GSAT) in the open market. In a transaction dated May. 17, 2016, the shares were bought at an average price of $2.75, giving away a sum of $101,750. After this purchase, 67,000 common shares of GSAT are directly owned by the insider, with total stake valued at $147,400.

In the transaction dated Dec. 15, 2015, the great number of shares disposed came courtesy the General Counsel; Ponder L Barbee IV disposed a total of 1,300 shares at an average price of $1.67, amounting to approximately $2,171. The insider now directly owns 143,052 shares worth $314,714.

Globalstar, Inc. (GSAT) Analyst Guide

Not many analysts have released their opinion on Globalstar, Inc. (NYSE:GSAT), with 1 analysts believing it is a strong buy. Whereas 0 of them predict the stock is a hold. Also, there are 0 buy, 0 sell and 0 strong sell ratings, collectively assigning a 1 average brokerage recommendation.

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