Halter Ferguson Financial Inc. Buys Shares of 388,875 Satellogic Inc. $SATL

Halter Ferguson Financial Inc. bought a new position in shares of Satellogic Inc. (NASDAQ:SATL) during the third quarter, HoldingsChannel.com reports. The firm bought 388,875 shares of the company’s stock, valued at approximately $1,276,000. Satellogic makes up about 0.3% of Halter Ferguson Financial Inc.’s portfolio, making the stock its 15th biggest position.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Ameritas Investment Partners Inc. acquired a new stake in shares of Satellogic in the 2nd quarter valued at approximately $25,000. Legal & General Group Plc bought a new stake in Satellogic in the second quarter valued at approximately $27,000. LMR Partners LLP acquired a new stake in Satellogic in the second quarter worth $30,000. ProShare Advisors LLC bought a new position in shares of Satellogic during the second quarter worth $51,000. Finally, Police & Firemen s Retirement System of New Jersey acquired a new position in shares of Satellogic in the 2nd quarter valued at $58,000. 17.58% of the stock is owned by institutional investors.

Satellogic Stock Down 1.1%

Shares of SATL stock opened at $1.81 on Friday. Satellogic Inc. has a 12-month low of $1.26 and a 12-month high of $5.12. The firm has a fifty day moving average of $1.96 and a 200-day moving average of $2.99. The company has a market capitalization of $245.20 million, a price-to-earnings ratio of -7.54 and a beta of 1.37.

Satellogic (NASDAQ:SATL) last announced its earnings results on Monday, November 10th. The company reported ($0.02) earnings per share for the quarter. The company had revenue of $3.63 million for the quarter.

Insider Activity

In other Satellogic news, CEO Emiliano Kargieman sold 314,767 shares of the company’s stock in a transaction that occurred on Thursday, October 9th. The stock was sold at an average price of $4.09, for a total transaction of $1,287,397.03. Following the completion of the transaction, the chief executive officer owned 1,619,479 shares of the company’s stock, valued at $6,623,669.11. This represents a 16.27% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Rick Dunn sold 22,692 shares of Satellogic stock in a transaction that occurred on Wednesday, September 24th. The shares were sold at an average price of $3.80, for a total transaction of $86,229.60. Following the completion of the sale, the chief financial officer owned 134,451 shares in the company, valued at $510,913.80. This trade represents a 14.44% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 719,286 shares of company stock valued at $2,926,210 over the last ninety days. 51.62% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Satellogic in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

About Satellogic

Satellogic Inc operates as an integrated geospatial company in the Asia Pacific, North America, and internationally. It engages in tasking satellites with monitoring assets and keeping up with their changing reality for government and commercial customers; control satellites on top of specific areas of interest for governments; and sale and support satellites.