47,424 Shares in Redwire Corporation $RDW Bought by GSA Capital Partners LLP

GSA Capital Partners LLP purchased a new stake in Redwire Corporation (NYSE:RDW) in the second quarter, HoldingsChannel.com reports. The fund purchased 47,424 shares of the company’s stock, valued at approximately $580,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Redwire in the 4th quarter valued at approximately $7,676,000. Trivest Advisors Ltd bought a new stake in shares of Redwire during the 1st quarter worth approximately $5,398,000. Sei Investments Co. boosted its position in shares of Redwire by 173.2% during the 1st quarter. Sei Investments Co. now owns 117,834 shares of the company’s stock worth $1,002,000 after acquiring an additional 74,700 shares in the last quarter. Empowered Funds LLC acquired a new stake in shares of Redwire during the 1st quarter worth approximately $2,094,000. Finally, Bank of America Corp DE increased its stake in Redwire by 7,512.5% in the first quarter. Bank of America Corp DE now owns 6,820,003 shares of the company’s stock valued at $57,970,000 after acquiring an additional 6,730,414 shares during the last quarter. Institutional investors own 8.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Truist Financial upgraded shares of Redwire to a “strong-buy” rating in a research report on Friday, May 1st. Jefferies Financial Group set a $15.00 target price on Redwire in a report on Sunday, August 9th. Wall Street Zen upgraded Redwire from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. Alliance Global Partners reissued a “buy” rating on shares of Redwire in a report on Thursday, August 6th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Redwire in a research report on Friday, July 17th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Redwire currently has a consensus rating of “Hold” and a consensus price target of $14.44.

Insider Buying and Selling at Redwire

In other news, Director Ae Red Holdings, Llc sold 1,070,565 shares of the company’s stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $21.48, for a total transaction of $22,995,736.20. Following the completion of the transaction, the director directly owned 1,077,419 shares in the company, valued at approximately $23,142,960.12. This represents a 49.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.79% of the company’s stock.

Redwire Trading Down 5.2%

Shares of Redwire stock opened at $11.76 on Friday. The firm has a market capitalization of $2.94 billion, a PE ratio of -8.05 and a beta of 3.05. The company has a current ratio of 3.92, a quick ratio of 3.48 and a debt-to-equity ratio of 0.03. The firm’s 50 day moving average is $11.25 and its 200 day moving average is $11.39. Redwire Corporation has a 1 year low of $4.87 and a 1 year high of $26.64.

Redwire (NYSE:RDW) last released its quarterly earnings data on Wednesday, August 5th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.07. The business had revenue of $117.07 million during the quarter, compared to analysts’ expectations of $107.10 million. Redwire had a negative net margin of 57.26% and a negative return on equity of 11.02%. Equities research analysts forecast that Redwire Corporation will post -0.68 earnings per share for the current fiscal year.

Redwire Company Profile

Redwire Corporation is a space infrastructure company specializing in the design, engineering and manufacturing of mission-critical hardware and software for the spaceflight industry. The company’s offerings include deployable structures, solar power systems, radio frequency antennas, advanced composites and transparent optics. Redwire serves a broad customer base that spans civil space agencies, national defense organizations and commercial satellite operators, helping enable missions ranging from communications and Earth observation to deep-space exploration.

Formed through the strategic combination of several specialized space technology firms, Redwire’s portfolio encompasses both flight-proven hardware and cutting-edge in-space manufacturing capabilities.