Icon Advisers Inc. Co. Buys Shares of 51,567 Iridium Communications Inc $IRDM

Icon Advisers Inc. Co. purchased a new stake in shares of Iridium Communications Inc (NASDAQ:IRDM) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 51,567 shares of the technology company’s stock, valued at approximately $900,000.

A number of other hedge funds have also modified their holdings of IRDM. Hantz Financial Services Inc. raised its holdings in shares of Iridium Communications by 184.7% during the third quarter. Hantz Financial Services Inc. now owns 1,506 shares of the technology company’s stock worth $26,000 after acquiring an additional 977 shares in the last quarter. Aster Capital Management DIFC Ltd purchased a new position in Iridium Communications in the third quarter valued at about $46,000. Jones Financial Companies Lllp grew its stake in Iridium Communications by 36.2% in the third quarter. Jones Financial Companies Lllp now owns 3,053 shares of the technology company’s stock valued at $54,000 after purchasing an additional 812 shares in the last quarter. SBI Securities Co. Ltd. increased its position in Iridium Communications by 147.0% in the 3rd quarter. SBI Securities Co. Ltd. now owns 3,485 shares of the technology company’s stock worth $61,000 after purchasing an additional 2,074 shares during the last quarter. Finally, Johnson Financial Group Inc. acquired a new position in Iridium Communications in the 2nd quarter worth about $70,000. 84.36% of the stock is owned by institutional investors and hedge funds.

Iridium Communications News Summary

Here are the key news stories impacting Iridium Communications this week:

• Positive Sentiment: Board declared a quarterly cash dividend of $0.15 per share (ex‑dividend date March 16, record March 16, payable March 31), implying a ~2.5% yield — positive for income investors and signals confidence in cash flow. Iridium Communications Declares Quarterly Cash Dividend to Shareholders
• Neutral Sentiment: Market commentary pieces discussing IRDM’s investment case may provide background for some buyers/sellers but contain no new company disclosures. These stories can influence retail flows but are unlikely to move fundamentals materially. Is Iridium Communications Inc. (IRDM) A Good Stock To Buy?
• Negative Sentiment: Zacks Research issued multiple cuts to Iridium’s quarterly and annual EPS forecasts across FY2026–FY2028 (including cuts to Q1–Q4 2026 and Q1–Q4 2027 estimates and reductions to FY2026 and FY2027). The revisions reduce near‑term earnings expectations and may pressure the stock and analyst sentiment. Zacks lowers Iridium EPS estimates

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Weiss Ratings reiterated a “sell (d+)” rating on shares of Iridium Communications in a report on Thursday, January 22nd. Morgan Stanley increased their price objective on Iridium Communications from $24.00 to $26.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 18th. Finally, BWS Financial reaffirmed a “sell” rating and set a $16.00 price objective on shares of Iridium Communications in a research report on Tuesday, February 17th. Four analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $25.40.

Iridium Communications Trading Up 0.3%

Iridium Communications stock opened at $24.01 on Friday. The company has a debt-to-equity ratio of 3.80, a quick ratio of 1.82 and a current ratio of 2.48. The business’s 50-day simple moving average is $20.79 and its 200-day simple moving average is $19.49. The firm has a market capitalization of $2.52 billion, a PE ratio of 22.65, a PEG ratio of 1.66 and a beta of 0.60. Iridium Communications Inc has a 52 week low of $15.65 and a 52 week high of $33.34.

Iridium Communications (NASDAQ:IRDM) last announced its earnings results on Thursday, February 12th. The technology company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.01. The firm had revenue of $212.94 million during the quarter, compared to the consensus estimate of $219.14 million. Iridium Communications had a return on equity of 24.01% and a net margin of 13.12%.The firm’s revenue for the quarter was up .0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.32 EPS. Equities research analysts forecast that Iridium Communications Inc will post 0.89 earnings per share for the current year.

Iridium Communications Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th will be issued a dividend of $0.15 per share. The ex-dividend date is Monday, March 16th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.5%. Iridium Communications’s payout ratio is 56.60%.

Iridium Communications Company Profile

Iridium Communications Inc operates a global satellite communications network that delivers voice and data services across land, sea and air. The company’s unique architecture relies on a constellation of 66 low-Earth orbit satellites, enabling real-time connectivity in regions beyond the reach of terrestrial wireless networks. Iridium’s core offerings include satellite voice and messaging services, broadband data terminals, push-to-talk (PTT) interoperability and machine-to-machine (M2M) solutions for the Internet of Things (IoT).

Iridium serves a diverse range of markets, including maritime shipping, aviation, government and defense, energy, and enterprise.