Dimensional Fund Advisors LP Has $208,000 Holdings in Globalstar, Inc. (NYSE:GSAT)

Dimensional Fund Advisors LP cut its position in Globalstar, Inc. (NYSE:GSAT) by 46.6% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 186,235 shares of the company’s stock after selling 162,460 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Globalstar were worth $208,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of GSAT. Vanguard Group Inc. boosted its holdings in Globalstar by 3.7% in the 4th quarter. Vanguard Group Inc. now owns 71,739,532 shares of the company’s stock valued at $139,175,000 after purchasing an additional 2,547,398 shares during the period. B. Riley Wealth Advisors Inc. lifted its holdings in Globalstar by 264.6% during the 4th quarter. B. Riley Wealth Advisors Inc. now owns 560,888 shares of the company’s stock valued at $1,088,000 after purchasing an additional 407,058 shares during the last quarter. HighPoint Advisor Group LLC acquired a new stake in Globalstar in the 4th quarter valued at about $112,000. Principal Financial Group Inc. increased its position in Globalstar by 412.0% in the 1st quarter. Principal Financial Group Inc. now owns 416,145 shares of the company’s stock valued at $612,000 after acquiring an additional 334,860 shares in the last quarter. Finally, Grant Street Asset Management Inc. acquired a new stake in Globalstar in the 1st quarter valued at about $29,000. 18.89% of the stock is owned by institutional investors.

Globalstar Stock Down 0.8 %

Shares of NYSE:GSAT opened at $1.19 on Tuesday. Globalstar, Inc. has a one year low of $1.01 and a one year high of $2.13. The company has a 50 day moving average of $1.20 and a 200-day moving average of $1.23. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.04 and a quick ratio of 0.95. The stock has a market cap of $2.26 billion, a price-to-earnings ratio of -59.50 and a beta of 0.85.

Globalstar (NYSE:GSAT) last announced its earnings results on Thursday, August 8th. The company reported ($0.01) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.01). The firm had revenue of $60.39 million during the quarter, compared to analyst estimates of $57.49 million. Globalstar had a negative net margin of 22.96% and a negative return on equity of 13.69%. On average, sell-side analysts forecast that Globalstar, Inc. will post -0.02 earnings per share for the current year.

Insider Transactions at Globalstar

In related news, VP Timothy Evan Taylor sold 395,000 shares of the stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $1.22, for a total transaction of $481,900.00. Following the completion of the transaction, the vice president now directly owns 10,278,649 shares of the company’s stock, valued at approximately $12,539,951.78. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, VP Timothy Evan Taylor sold 395,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $1.22, for a total value of $481,900.00. Following the completion of the sale, the vice president now directly owns 10,278,649 shares of the company’s stock, valued at $12,539,951.78. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Rebecca Clary sold 75,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $1.25, for a total value of $93,750.00. Following the completion of the sale, the chief financial officer now directly owns 1,418,745 shares of the company’s stock, valued at approximately $1,773,431.25. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 61.00% of the stock is owned by insiders.

Globalstar Company Profile

Globalstar, Inc provides mobile satellite services in the United States, Canada, Europe, Central and South America, and internationally. The company offers duplex two-way voice and data products, including mobile voice and data satellite communications services and equipment for remote business continuity, recreational usage, safety, emergency preparedness and response, and other applications.