Berkley W R Corp Cuts Position in Global Star Acquisition, Inc. (NASDAQ:GLST)

Berkley W R Corp decreased its holdings in Global Star Acquisition, Inc. (NASDAQ:GLST) by 80.2% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 99,523 shares of the company’s stock after selling 403,072 shares during the quarter. Berkley W R Corp owned about 3.42% of Global Star Acquisition worth $1,104,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the business. Mizuho Securities USA LLC raised its position in Global Star Acquisition by 1.0% in the first quarter. Mizuho Securities USA LLC now owns 295,361 shares of the company’s stock worth $3,146,000 after acquiring an additional 3,000 shares in the last quarter. ADAR1 Capital Management LLC purchased a new position in shares of Global Star Acquisition in the fourth quarter valued at $848,000. Finally, K2 Principal Fund L.P. purchased a new position in shares of Global Star Acquisition in the fourth quarter valued at $2,878,000. Hedge funds and other institutional investors own 62.18% of the company’s stock.

Insider Activity

In other news, major shareholder Aqr Capital Management Holding sold 175,000 shares of the firm’s stock in a transaction on Wednesday, June 26th. The stock was sold at an average price of $11.05, for a total value of $1,933,750.00. Following the completion of the transaction, the insider now owns 21 shares in the company, valued at $232.05. The sale was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 32.72% of the company’s stock.

Global Star Acquisition Stock Performance

Shares of GLST stock opened at $11.09 on Tuesday. Global Star Acquisition, Inc. has a fifty-two week low of $10.41 and a fifty-two week high of $12.31. The business has a fifty day simple moving average of $11.06 and a 200-day simple moving average of $10.97.

Global Star Acquisition Company Profile

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.