Wolverine Asset Management LLC Cuts Holdings in Global Star Acquisition, Inc. (NASDAQ:GLST)

Wolverine Asset Management LLC lowered its stake in shares of Global Star Acquisition, Inc. (NASDAQ:GLST) by 79.6% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 102,423 shares of the company’s stock after selling 399,865 shares during the quarter. Wolverine Asset Management LLC’s holdings in Global Star Acquisition were worth $1,139,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Berkley W R Corp increased its stake in 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 acquiring an additional 219,220 shares during the last quarter. Mizuho Securities USA LLC boosted its holdings in shares of Global Star Acquisition by 1.0% in the 1st quarter. Mizuho Securities USA LLC now owns 295,361 shares of the company’s stock worth $3,146,000 after purchasing an additional 3,000 shares in the last quarter. ADAR1 Capital Management LLC bought a new position in shares of Global Star Acquisition during the 4th quarter valued at about $848,000. K2 Principal Fund L.P. purchased a new position in shares of Global Star Acquisition during the 4th quarter valued at about $2,878,000. Finally, Cowen AND Company LLC lifted its position in Global Star Acquisition by 295.8% in the 4th quarter. Cowen AND Company LLC now owns 345,882 shares of the company’s stock worth $3,666,000 after buying an additional 258,500 shares during the last quarter. 62.18% of the stock is owned by institutional investors.

Global Star Acquisition Trading Up 0.4 %

Shares of NASDAQ GLST opened at $11.07 on Thursday. Global Star Acquisition, Inc. has a one year low of $10.41 and a one year high of $12.31. The firm’s 50 day simple moving average is $11.06 and its two-hundred day simple moving average is $10.93.

Insider Activity

In related news, major shareholder Aqr Capital Management Holding sold 175,000 shares of Global Star Acquisition stock in a transaction on Wednesday, June 26th. The shares were sold at an average price of $11.05, for a total value of $1,933,750.00. Following the transaction, the insider now owns 21 shares in the company, valued at approximately $232.05. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 32.72% of the stock is owned by corporate insiders.

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.