SkyView Investment Advisors LLC Makes New $2.65 Million Investment in Global Star Acquisition, Inc. (NASDAQ:GLST)

SkyView Investment Advisors LLC bought a new stake in Global Star Acquisition, Inc. (NASDAQ:GLST) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 238,000 shares of the company’s stock, valued at approximately $2,647,000. SkyView Investment Advisors LLC owned approximately 8.17% of Global Star Acquisition as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Berkley W R Corp increased its position in shares of Global Star Acquisition by 77.4% during the 1st quarter. Berkley W R Corp now owns 502,595 shares of the company’s stock valued at $5,388,000 after purchasing an additional 219,220 shares during the last quarter. Mizuho Securities USA LLC increased its holdings in Global Star Acquisition by 1.0% during the first quarter. Mizuho Securities USA LLC now owns 295,361 shares of the company’s stock worth $3,146,000 after buying an additional 3,000 shares during the last quarter. K2 Principal Fund L.P. bought a new stake in Global Star Acquisition in the fourth quarter worth about $2,878,000. Finally, ADAR1 Capital Management LLC bought a new stake in Global Star Acquisition in the fourth quarter worth about $848,000. 62.18% of the stock is owned by hedge funds and other institutional investors.

Global Star Acquisition Price Performance

Global Star Acquisition stock opened at $11.15 on Friday. The firm has a 50 day moving average price of $11.07 and a 200-day moving average price of $10.98. Global Star Acquisition, Inc. has a twelve month low of $10.41 and a twelve month high of $12.31.

Global Star Acquisition Company Profile

Global Star Acquisition, Inc does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2019 and is based in McLean, Virginia.