Ashford Capital Management Inc. Sells 91,464 Shares of Globalstar, Inc. $GSAT

Posted by Stanley Muller on Jul 28th, 2026

Ashford Capital Management Inc. lessened its holdings in Globalstar, Inc. (NASDAQ:GSAT – Free Report) by 9.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 907,531 shares of the company’s stock after selling 91,464 shares during the quarter. Globalstar accounts for approximately 7.4% of Ashford Capital Management Inc.’s holdings, making the stock its biggest holding. Ashford Capital Management Inc.’s holdings in Globalstar were worth $60,278,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in GSAT. UBS Group AG boosted its position in shares of Globalstar by 166.9% during the 4th quarter. UBS Group AG now owns 526,566 shares of the company’s stock valued at $32,142,000 after acquiring an additional 329,270 shares in the last quarter. Defiance ETFs LLC bought a new position in Globalstar during the fourth quarter worth about $19,461,000. Sculptor Capital LP bought a new position in Globalstar during the first quarter worth about $15,742,000. Senvest Management LLC boosted its holdings in Globalstar by 27.7% during the first quarter. Senvest Management LLC now owns 868,946 shares of the company’s stock valued at $57,715,000 after purchasing an additional 188,325 shares in the last quarter. Finally, First Trust Advisors LP acquired a new stake in Globalstar during the fourth quarter valued at approximately $11,471,000. Institutional investors and hedge funds own 18.89% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Clear Str cut Globalstar from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 15th. Weiss Ratings raised Globalstar from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, June 5th. Finally, Zacks Research raised Globalstar from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 7th. Two equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $69.00.

Read Our Latest Stock Analysis on GSAT

Globalstar Stock Performance

Shares of NASDAQ:GSAT opened at $79.03 on Tuesday. The company has a market capitalization of $10.18 billion, a price-to-earnings ratio of -526.87 and a beta of 1.55. The firm’s 50 day simple moving average is $80.95 and its 200 day simple moving average is $72.05. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.60 and a quick ratio of 1.56. Globalstar, Inc. has a fifty-two week low of $22.35 and a fifty-two week high of $84.69.

Globalstar (NASDAQ:GSAT – Get Free Report) last released its quarterly earnings data on Thursday, May 7th. The company reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.14). The firm had revenue of $70.06 million during the quarter. Globalstar had a negative net margin of 6.84% and a negative return on equity of 3.75%. Globalstar’s revenue was up 16.7% on a year-over-year basis. As a group, sell-side analysts forecast that Globalstar, Inc. will post -0.38 earnings per share for the current year.

Insider Activity at Globalstar

In other Globalstar news, CFO Rebecca Clary sold 920 shares of the business’s stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $81.75, for a total value of $75,210.00. Following the sale, the chief financial officer owned 120,278 shares in the company, valued at approximately $9,832,726.50. The trade was a 0.76% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 60.00% of the stock is currently owned by company insiders.

Globalstar Profile

(Free Report)

Globalstar, Inc is a leading provider of mobile satellite voice and data communications services. Through a network of low Earth orbit (LEO) satellites, the company delivers reliable satellite connectivity to users in remote or underserved regions where terrestrial networks are unavailable or unreliable. Its product portfolio includes satellite phones, two-way satellite data modems and Internet of Things (IoT) devices designed for tracking, monitoring and emergency notification.

Founded in 1991 as a joint venture between Loral and Qualcomm, Globalstar launched its first fleet of 48 satellites between 1998 and 2000.