AMJ Financial Wealth Management Buys 23,133 Shares of Globalstar, Inc. $GSAT

Posted by Stanley Muller on May 16th, 2026

AMJ Financial Wealth Management boosted its stake in shares of Globalstar, Inc. (NASDAQ:GSAT – Free Report) by 213.9% during the fourth quarter, Holdings Channel reports. The fund owned 33,946 shares of the company’s stock after acquiring an additional 23,133 shares during the period. AMJ Financial Wealth Management’s holdings in Globalstar were worth $2,072,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Globalstar by 2.8% in the 3rd quarter. Vanguard Group Inc. now owns 5,233,721 shares of the company’s stock valued at $190,455,000 after acquiring an additional 141,451 shares during the period. Greenhouse Funds LLLP grew its stake in shares of Globalstar by 6.1% in the third quarter. Greenhouse Funds LLLP now owns 2,149,192 shares of the company’s stock valued at $78,209,000 after buying an additional 123,676 shares in the last quarter. Ashford Capital Management Inc. increased its holdings in shares of Globalstar by 3.8% in the third quarter. Ashford Capital Management Inc. now owns 1,409,321 shares of the company’s stock valued at $51,285,000 after purchasing an additional 51,703 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of Globalstar by 24.3% in the third quarter. American Century Companies Inc. now owns 1,260,459 shares of the company’s stock valued at $45,868,000 after purchasing an additional 246,123 shares during the last quarter. Finally, UBS Group AG boosted its position in shares of Globalstar by 166.9% in the fourth 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 during the period. Institutional investors own 18.89% of the company’s stock.

Globalstar Trading Down 0.1%

Shares of Globalstar stock opened at $81.98 on Friday. The stock has a fifty day moving average price of $72.02 and a 200-day moving average price of $64.55. Globalstar, Inc. has a 1 year low of $17.76 and a 1 year high of $83.00. The firm has a market cap of $10.56 billion, a PE ratio of -546.53 and a beta of 1.56. 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 (NASDAQ:GSAT – Get Free Report) last announced its quarterly earnings data on Thursday, May 7th. The company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.14). Globalstar had a negative return on equity of 3.75% and a negative net margin of 6.84%.The firm had revenue of $70.06 million during the quarter. The firm’s revenue for the quarter was up 16.7% on a year-over-year basis. Equities research analysts anticipate that Globalstar, Inc. will post -0.02 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on GSAT shares. Zacks Research cut shares of Globalstar from a “hold” rating to a “strong sell” rating in a research report on Tuesday. Craig Hallum reaffirmed a “buy” rating and issued a $70.00 price objective on shares of Globalstar in a research note on Monday, March 2nd. Finally, Weiss Ratings upgraded Globalstar from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, May 6th. Two research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $69.00.

View Our Latest Analysis on GSAT

Insiders Place Their Bets

In other news, General Counsel L Barbee Iv Ponder sold 682 shares of Globalstar stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $57.31, for a total transaction of $39,085.42. Following the completion of the sale, the general counsel owned 143,348 shares in the company, valued at approximately $8,215,273.88. This trade represents a 0.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Rebecca Clary sold 4,066 shares of Globalstar stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of $81.24, for a total value of $330,321.84. Following the sale, the chief financial officer owned 121,198 shares of the company’s stock, valued at approximately $9,846,125.52. This trade represents a 3.25% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 12,257 shares of company stock worth $890,722 in the last quarter. 60.00% of the stock is 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.