Greenhouse Funds Boosts Stake in Globalstar
In its SEC filing from February 17, 2026, it was revealed that Greenhouse Funds LLLP expanded its holdings in Globalstar (NASDAQ:GSAT) by an additional 75,653 shares during the last quarter of 2025. This acquisition, valued at approximately $4.18 million based on the average share price during that period, led to the position’s worth increasing to around $57.60 million by December 31, 2025.
Investment Details
-
Direction: Buy; the post-trade Globalstar stake constitutes 4.91% of Greenhouse Funds’ total 13F AUM.
-
Top holdings include:
- NYSE: VYX: $187.18 million (6.8% of AUM)
- NYSE: BILL: $160.02 million (5.8% of AUM)
- NASDAQ: SRAD: $157.39 million (5.7% of AUM)
- NASDAQ: GSAT: $135.80 million (4.9% of AUM)
- NYSE: NCLH: $118.27 million (4.3% of AUM)
-
As of February 13, 2026, Globalstar shares were priced at $60.06, reflecting a yearly increase of 171.76%, significantly outperforming the S&P 500 by 159.97 percentage points.
Company Overview
Globalstar specializes in mobile satellite voice and data communications, offering SPOT consumer tracking and safety devices, asset tracking solutions, and IoT connectivity for worldwide markets. The company generates revenue through product sales, service subscriptions, wholesale network access, and engineering services, leveraging its own satellite network and terrestrial spectrum rights.
Market Position and Outlook
Globalstar’s customer base spans various sectors including recreational, government, emergency response, oil and gas, maritime, utilities, transportation, and industry-specific needs, especially in remote locations. The company is well-positioned in the satellite-enabled IoT and critical communications market due to its broad product range and existing clientele.
Performance and Financial Projections
The acquisition of additional Globalstar shares by Greenhouse Funds in late 2025 indicates a positive outlook for the stock, especially as the shares showed significant gains, reaching a 52-week peak of $74.88 on December 12. The company’s performance in 2025 included record revenue of $273 million, a 9% increase compared to the previous year, although it reported a net loss of $8.7 million.
Future Expectations
Looking ahead, Globalstar anticipates continued sales growth, with revenue projections for 2026 set between $280 million and $305 million. Despite its lack of profitability, the firm has seen a notable decrease in its net losses from $63.2 million in 2024.
Investment Advice
Although Globalstar’s recent performance appears promising, with a price-to-sales ratio of 27 indicating a significant increase from prior levels, potential investors may want to wait for a more favorable stock price before making a decision. Notably, the Motley Fool Stock Advisor analysts have identified ten top stocks to consider, which notably do not include Globalstar.
