Global Star Acquisition, Inc. (NASDAQ:GLST) Major shareholder Aqr Capital Management Holding sells 175,000 shares

Global Star Acquisition, Inc. (NASDAQ:GLST – Get Free Report) major shareholder Aqr Capital Management Holding sold 175,000 shares of the company’s stock in a transaction dated Wednesday, June 26. The shares were sold at an average price of $11.05, for a total transaction value of $1,933,750.00. Following the completion of the sale, the insider now directly owns 21 shares of the company’s stock, valued at approximately $232.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC’s website. Major shareholders holding more than 10% of the company’s stock are required to disclose their transactions with the SEC.

Inventory increase from Global Star acquisition by 0.3%

GLST shares opened on Friday at $11.09. The company has a 50-day simple moving average of $11.00 and a 200-day simple moving average of $10.78. Global Star Acquisition, Inc. it has a 52-week low of $10.41 and a 52-week high of $12.31.

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

Institutional investors consider acquiring global star

Institutional investors have recently bought and sold shares of the company. Walleye Capital LLC bought a new stake in Global Star Acquisition in the third quarter worth approximately $1,654,000. Walleye Trading LLC bought a new stake in Global Star Acquisition in the third quarter worth approximately $931,000. Cowen AND Company LLC increased its position in Global Star Acquisition by 295.8% in the fourth quarter. Cowen AND Company LLC now owns 345,882 shares of the company’s stock worth $3,666,000 after acquiring an additional 258,500 shares in the last quarter. K2 Principal Fund LP bought a new stake in Global Star Acquisition in the fourth quarter worth approximately $2,878,000. Finally, Berkley WR Corp increased its position in Global Star Acquisition by 39.0% in the fourth quarter. Berkley WR Corp now owns 283,375 shares of the company’s stock valued at $2,995,000 after acquiring an additional 79,544 shares during the last quarter. Institutional investors and hedge funds own 62.18% of the company’s shares.

About Global Star Acquisition

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Global Star Acquisition, Inc has no significant operations. It focuses on effecting a merger, stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more companies. The company was founded in 2019 and is based in McLean, Virginia.

Inventory increase from Global Star acquisition by 0.3%

Institutional investors consider acquiring global star

About Global Star Acquisition

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