Essex Investment Buys $7.1 Million Globalstar Stake as Revenue Hits Record High

Massachusetts-based Essex Investment Management disclosed a new position in Globalstar (NASDAQ:GSAT), valued at approximately $7.1 million, according to an SEC filing on Thursday.According to a filing with the Securities and Exchange Commission released Thursday, Essex Investment Management reported establishing a new position in Globalstar (NASDAQ:GSAT) during the third quarter. The fund added 194,343 shares with an estimated market value of $7.1 million based on the quarter-end price. Globalstar now represents 1.1% of Essex's $653.4 million in reportable U.S. equity holdings.Top five holdings after the filing:Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool