Global Star Acquisition, Inc. (NASDAQ:GLST) Major Shareholder Sells $1,933,750.00 in Stock

Global Star Acquisition, Inc. (NASDAQ:GLST) major shareholder Aqr Capital Management Holding sold 175,000 shares of Global Star Acquisition stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of $11.05, for a total transaction of $1,933,750.00. Following the completion of the transaction, the insider now directly owns 21 shares of the company’s stock, valued at approximately $232.05. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Global Star Acquisition Trading Up 0.5 %

Shares of NASDAQ:GLST opened at $11.12 on Monday. Global Star Acquisition, Inc. has a 52-week low of $10.41 and a 52-week high of $12.31. The company has a 50-day simple moving average of $11.00 and a 200 day simple moving average of $10.79.

Global Star Acquisition (NASDAQ:GLST) last released its quarterly earnings data on Monday, May 20th. The company reported ($0.03) earnings per share (EPS) for the quarter.

Institutional Investors Weigh In On Global Star Acquisition

Several hedge funds have recently added to or reduced their stakes in GLST. Berkley W R Corp raised its position in shares of Global Star Acquisition by 77.4% in the first quarter. Berkley W R Corp now owns 502,595 shares of the company’s stock valued at $5,388,000 after purchasing an additional 219,220 shares during the period. Shaolin Capital Management LLC lifted its position in shares of Global Star Acquisition by 160.8% during the 3rd quarter. Shaolin Capital Management LLC now owns 375,000 shares of the company’s stock valued at $3,983,000 after acquiring an additional 991,397 shares during the period. Cowen AND Company LLC raised its position in shares of Global Star Acquisition by 295.8% in the 4th quarter. Cowen AND Company LLC now owns 345,882 shares of the company’s stock valued at $3,666,000 after buying an additional 258,500 shares in the last quarter. Wolverine Asset Management LLC increased its stake in shares of Global Star Acquisition by 0.6% in the 4th quarter. Wolverine Asset Management LLC now owns 330,186 shares of the company’s stock valued at $3,500,000 after purchasing an additional 1,920 shares during the last quarter. Finally, Mizuho Securities USA LLC lifted its stake in Global Star Acquisition by 1.0% in the 1st quarter. Mizuho Securities USA LLC now owns 295,361 shares of the company’s stock valued at $3,146,000 after purchasing an additional 3,000 shares during the last quarter. Institutional investors and hedge funds own 62.18% of the company’s stock.

About Global Star Acquisition

Global Star Acquisition, Inc does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2019 and is based in McLean, Virginia.