KBC Group NV decreased its stake in shares of Globalstar, Inc. (NYSEAMERICAN:GSAT – Get Rating) by 72.8% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 72,630 shares of the Wireless communications provider's stock after selling 193,946 shares during the quarter. KBC Group NV's holdings in Globalstar were worth $107,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in GSAT. CWM LLC bought a new stake in shares of Globalstar during the 4th quarter valued at $79,000. Relyea Zuckerberg Hanson LLC bought a new stake in shares of Globalstar during the 1st quarter worth $27,000. BNP Paribas Arbitrage SA lifted its position in shares of Globalstar by 13.1% during the 4th quarter. BNP Paribas Arbitrage SA now owns 130,477 shares of the Wireless communications provider's stock worth $151,000 after buying an additional 15,090 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Globalstar by 5.4% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 772,252 shares of the Wireless communications provider's stock worth $896,000 after buying an additional 39,422 shares during the last quarter. Finally, Plustick Management LLC bought a new stake in shares of Globalstar during the 4th quarter worth $10,092,000. Institutional investors and hedge funds own 17.81% of the company's stock.
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Globalstar Stock Up 5.1 %
Shares of GSAT opened at $1.64 on Thursday. Globalstar, Inc. has a 12-month low of $0.90 and a 12-month high of $2.78. The company has a quick ratio of 0.89, a current ratio of 1.12 and a debt-to-equity ratio of 0.65. The stock has a market capitalization of $2.95 billion, a price-to-earnings ratio of -27.33 and a beta of 0.04.
About Globalstar
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Globalstar, Inc provides mobile satellite services worldwide. 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; fixed voice and data satellite communications services and equipment at industrial, commercial, and residential sites, as well as rural villages and ships; and data modem services and equipment.
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