Northern Trust Corp Has $1.38 Million Position in Globalstar, Inc. (GSAT)

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Northern Trust Corp increased its holdings in Globalstar, Inc. (NYSEAMERICAN:GSAT) by 2.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 2,154,620 shares of the Wireless communications provider’s stock after acquiring an additional 60,574 shares during the quarter. Northern Trust Corp’s holdings in Globalstar were worth $1,378,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of GSAT. Parsec Financial Management Inc. purchased a new position in Globalstar in the 4th quarter worth $36,000. Virtu Financial LLC increased its position in shares of Globalstar by 194.0% in the fourth quarter. Virtu Financial LLC now owns 115,545 shares of the Wireless communications provider’s stock valued at $74,000 after acquiring an additional 76,246 shares during the period. Investment Management of Virginia LLC increased its position in shares of Globalstar by 100.0% in the fourth quarter. Investment Management of Virginia LLC now owns 160,000 shares of the Wireless communications provider’s stock valued at $102,000 after acquiring an additional 80,000 shares during the period. Joel Isaacson & Co. LLC purchased a new position in shares of Globalstar in the fourth quarter valued at about $112,000. Finally, SG Americas Securities LLC increased its position in shares of Globalstar by 12.7% in the fourth quarter. SG Americas Securities LLC now owns 2,824,611 shares of the Wireless communications provider’s stock valued at $1,807,000 after acquiring an additional 318,414 shares during the period.

In other Globalstar news, General Counsel L Barbee Iv Ponder sold 342,558 shares of the business’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $0.44, for a total value of $150,725.52. Following the transaction, the general counsel now owns 732,819 shares in the company, valued at $322,440.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

A number of equities analysts have issued reports on the stock. TheStreet cut shares of Globalstar from a “c-” rating to a “d” rating in a research report on Thursday, April 18th. Zacks Investment Research upgraded shares of Globalstar from a “hold” rating to a “buy” rating and set a $0.50 price objective on the stock in a research report on Wednesday, April 24th.

GSAT stock opened at $0.55 on Friday. Globalstar, Inc. has a 12-month low of $0.29 and a 12-month high of $0.73.

Globalstar (NYSEAMERICAN:GSAT) last released its quarterly earnings data on Thursday, May 2nd. The Wireless communications provider reported ($0.01) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.01.

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Globalstar Company Profile

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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