James  Monroe III net worth and biography

James Monroe III Biography and Net Worth

Director of Globalstar

Jay Monroe is Executive Chairman of the Board of Directors of Globalstar, Inc. He has held the Chairman position since Thermo Capital Partners purchased the assets of Globalstar in April 2004. He was the Company's CEO from January 2005 until July 2009 and reassumed that position from July 2011 until September 2018. 

Mr. Monroe has been the majority owner of Thermo Companies since their founding in 1984. Mr. Monroe has overseen operations in a wide variety of businesses at all phases of growth from startup through maturity. Under his direction, Thermo Companies founded or acquired companies in diverse industries including power generation, natural gas exploration and production, industrial equipment distribution, real estate, telecommunications, financial services and leasing services. Mr. Monroe is on the Board of Directors of Thermo Capital Partners and several of its portfolio companies. 

What is James Monroe III's net worth?

The estimated net worth of James Monroe III is at least $4.02 billion as of May 16th, 2025. Mr. Monroe III owns 58,833,076 shares of Globalstar stock worth more than $4,017,710,760 as of December 5th. This net worth evaluation does not reflect any other assets that Mr. Monroe III may own. Learn More about James Monroe III's net worth.

How do I contact James Monroe III?

The corporate mailing address for Mr. Monroe III and other Globalstar executives is 1351 HOLIDAY SQUARE BLVD.,, COVINGTON,, LA, 70433. Globalstar can also be reached via phone at (408) 933-4000 and via email at [email protected]. Learn More on James Monroe III's contact information.

Has James Monroe III been buying or selling shares of Globalstar?

James Monroe III has not been actively trading shares of Globalstar over the course of the past ninety days. Most recently, on Friday, May 16th, James Monroe III bought 50,000 shares of Globalstar stock. The stock was acquired at an average cost of $18.68 per share, with a total value of $934,000.00. Following the completion of the transaction, the director now directly owns 58,833,076 shares of the company's stock, valued at $1,099,001,859.68. Learn More on James Monroe III's trading history.

Who are Globalstar's active insiders?

Globalstar's insider roster includes Rebecca Clary (CFO), Paul Jacobs (CEO), James Monroe III (Director), L. Barbee Ponder, IV (General Counsel and Vice President of Regulatory Affairs), and Timothy Taylor (VP). Learn More on Globalstar's active insiders.

Are insiders buying or selling shares of Globalstar?

In the last year, Globalstar insiders bought shares 1 times. They purchased a total of 50,000 shares worth more than $934,000.00. In the last year, insiders at the sold shares 13 times. They sold a total of 154,296 shares worth more than $6,035,643.27. The most recent insider tranaction occured on December, 1st when CFO Rebecca Clary sold 4,380 shares worth more than $262,449.60. Insiders at Globalstar own 61.0% of the company. Learn More about insider trades at Globalstar.

Information on this page was last updated on 12/1/2025.

James Monroe III Insider Trading History at Globalstar

Transaction DateBuy/SellNumber of SharesAverage Share PriceTotal TransactionShares Held After TransactionDetails
5/16/2025Buy50,000$18.68$934,000.0058,833,076View SEC Filing Icon  
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James Monroe III Buying and Selling Activity at Globalstar

This chart shows James Monroe III's buying and selling at Globalstar by year and by quarter.

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Globalstar Company Overview

Globalstar logo
Globalstar, Inc. provides mobile satellite services worldwide. The company offers duplex two-way voice and data products, including mobile voice and data satellite communications services and equipment for remote business continuity, recreational usage, safety, emergency preparedness and response, and other applications; fixed voice and data satellite communications services and equipment at industrial, commercial, and residential sites, as well as rural villages and ships; and data modem services and equipment. It also provides SPOT consumer retail products, such as SPOT satellite GPS messenger for personal tracking, emergency location, and messaging solutions; and SPOT Trace, an anti-theft and asset tracking device. In addition, the company offers commercial Internet of Things one-way transmission products to track cargo containers and rail cars, as well as to monitor utility meters, and oil and gas assets. Further, it sells wholesale minutes to independent gateway operators (IGOs); and provides engineering services, such as hardware and software designs to develop specific applications; and installation of gateways and antennas. The company distributes its products directly, as well as through independent agents, dealers and resellers, retailers, IGOs, and sales force and e-commerce Website. As of December 31, 2020, it had approximately 745,000 subscribers. The company primarily serves recreation and personal, government, public safety and disaster relief, oil and gas, maritime and fishing, construction, utilities, and transportation, as well as natural resources, mining, and forestry markets. Globalstar, Inc. has a strategic alliance with XCOM Labs to jointly commercialize XCOM's capacity-multiplying technology with Globalstar's Band n53 for 5G deployments in the United States and other countries where Globalstar has terrestrial rights. The company was founded in 1993 and is headquartered in Covington, Louisiana.
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Today's Range

Now: $68.29
Low: $64.50
High: $68.99

50 Day Range

MA: $50.60
Low: $34.19
High: $68.29

2 Week Range

Now: $68.29
Low: $17.24
High: $68.99

Volume

986,378 shs

Average Volume

974,319 shs

Market Capitalization

$8.66 billion

P/E Ratio

N/A

Dividend Yield

N/A

Beta

1.08