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Insider Purchase: Director at $GSAT (GSAT) Buys 1,000,000 Shares

Quiver Quantitative ·  Dec 30, 2024 09:30

James III Monroe, a director at $GSAT ($GSAT), bought 1,000,000 shares of the company on 12-27-2024. This trade was reported by Quiver Quantitative using data from a recent SEC filing. This increased their holdings by approximately 8.8%. Following this trade, they now own 12,334,090 shares of $GSAT stock.

$GSAT Insider Trading Activity

$GSAT insiders have traded $GSAT stock on the open market 19 times in the past 6 months. Of those trades, 11 have been purchases and 8 have been sales.

Here's a breakdown of recent trading of $GSAT stock by insiders over the last 6 months:

  • JAMES III MONROE has traded it 11 times. They made 11 purchases, buying 6,030,000 shares and 0 sales.
  • TIMOTHY EVAN TAYLOR (VP, Finance & Operations) has traded it 3 times. They made 0 purchases and 3 sales, selling 4,290,000 shares.
  • L BARBEE IV PONDER (General Counsel) has traded it 2 times. They made 0 purchases and 2 sales, selling 76,312 shares.
  • REBECCA CLARY (VP & Chief Financial Officer) has traded it 2 times. They made 0 purchases and 2 sales, selling 112,688 shares.
  • WILLIAM A HASLER sold 90,000 shares.

To track insider transactions, check out Quiver Quantitative's insider trading dashboard.

$GSAT Hedge Fund Activity

We have seen 101 institutional investors add shares of $GSAT stock to their portfolio, and 71 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

  • ROYCE & ASSOCIATES LP removed 5,535,611 shares (-54.0%) from their portfolio in Q3 2024
  • WOLF HILL CAPITAL MANAGEMENT, LP added 3,745,128 shares (+106.8%) to their portfolio in Q3 2024
  • LEGION PARTNERS ASSET MANAGEMENT, LLC removed 3,500,000 shares (-64.6%) from their portfolio in Q3 2024
  • CITADEL ADVISORS LLC added 2,540,892 shares (+482.9%) to their portfolio in Q3 2024
  • BLACKROCK, INC. added 1,658,941 shares (+3.1%) to their portfolio in Q3 2024
  • MILLENNIUM MANAGEMENT LLC added 1,614,975 shares (+inf%) to their portfolio in Q3 2024
  • MUDRICK CAPITAL MANAGEMENT, L.P. removed 1,416,635 shares (-4.4%) from their portfolio in Q3 2024

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.


This article is not financial advice. See Quiver Quantitative's disclaimers for more information.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
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