Corsair Capital Management L.P. Invests $555,000 in Iridium Communications Inc $IRDM

Posted by Brian Himes on Jul 27th, 2026

Corsair Capital Management L.P. acquired a new stake in Iridium Communications Inc (NASDAQ:IRDM – Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund acquired 20,000 shares of the technology company’s stock, valued at approximately $555,000.

A number of other institutional investors also recently modified their holdings of IRDM. Root Financial Partners LLC increased its stake in Iridium Communications by 1,750.0% in the first quarter. Root Financial Partners LLC now owns 1,332 shares of the technology company’s stock valued at $37,000 after purchasing an additional 1,260 shares in the last quarter. Quadrant Capital Group LLC boosted its position in shares of Iridium Communications by 107.5% during the 4th quarter. Quadrant Capital Group LLC now owns 1,430 shares of the technology company’s stock worth $25,000 after purchasing an additional 741 shares in the last quarter. Larson Financial Group LLC boosted its position in shares of Iridium Communications by 392.8% during the 3rd quarter. Larson Financial Group LLC now owns 1,508 shares of the technology company’s stock worth $26,000 after purchasing an additional 1,202 shares in the last quarter. Kestra Advisory Services LLC bought a new position in shares of Iridium Communications during the 4th quarter worth about $27,000. Finally, CIBC Private Wealth Group LLC acquired a new stake in shares of Iridium Communications in the 3rd quarter valued at about $32,000. Institutional investors and hedge funds own 84.36% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on IRDM shares. William Blair downgraded Iridium Communications from an “outperform” rating to a “hold” rating in a research note on Monday, June 29th. BWS Financial reissued a “sell” rating and issued a $16.00 price objective on shares of Iridium Communications in a research note on Monday, April 27th. Oppenheimer boosted their price objective on Iridium Communications from $48.00 to $60.00 and gave the company an “outperform” rating in a report on Wednesday, June 3rd. Barclays upped their target price on Iridium Communications from $25.00 to $36.00 and gave the stock an “overweight” rating in a research report on Thursday, April 9th. Finally, New Street Research upgraded Iridium Communications from a “neutral” rating to a “buy” rating in a report on Wednesday, July 22nd. Three analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $38.67.

View Our Latest Stock Report on Iridium Communications

Iridium Communications Stock Performance

Shares of IRDM stock opened at $45.78 on Monday. Iridium Communications Inc has a 52-week low of $15.65 and a 52-week high of $57.18. The company has a debt-to-equity ratio of 3.70, a quick ratio of 2.31 and a current ratio of 2.78. The company has a 50-day simple moving average of $48.01 and a two-hundred day simple moving average of $34.99. The company has a market capitalization of $4.85 billion, a price-to-earnings ratio of 52.02, a PEG ratio of 3.62 and a beta of 0.87.

Iridium Communications (NASDAQ:IRDM – Get Free Report) last posted its earnings results on Wednesday, July 22nd. The technology company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.19). Iridium Communications had a return on equity of 22.57% and a net margin of 10.55%.The firm had revenue of $225.24 million for the quarter, compared to the consensus estimate of $220.32 million. During the same period in the prior year, the business earned $0.20 EPS. Iridium Communications’s quarterly revenue was up 3.8% compared to the same quarter last year. Research analysts anticipate that Iridium Communications Inc will post 0.97 EPS for the current fiscal year.

Iridium Communications Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Monday, June 15th. Iridium Communications’s dividend payout ratio (DPR) is 68.18%.

About Iridium Communications

(Free Report)

Iridium Communications Inc operates a global satellite communications network that delivers voice and data services across land, sea and air. The company’s unique architecture relies on a constellation of 66 low-Earth orbit satellites, enabling real-time connectivity in regions beyond the reach of terrestrial wireless networks. Iridium’s core offerings include satellite voice and messaging services, broadband data terminals, push-to-talk (PTT) interoperability and machine-to-machine (M2M) solutions for the Internet of Things (IoT).

Iridium serves a diverse range of markets, including maritime shipping, aviation, government and defense, energy, and enterprise.