Ameritas Advisory Services LLC Invests $54,000 in Redwire Corporation $RDW

Ameritas Advisory Services LLC bought a new stake in shares of Redwire Corporation (NYSE:RDW) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 3,304 shares of the company’s stock, valued at approximately $54,000.

A number of other large investors also recently added to or reduced their stakes in the business. Gabelli Funds LLC grew its stake in Redwire by 7.4% during the first quarter. Gabelli Funds LLC now owns 18,871 shares of the company’s stock valued at $156,000 after acquiring an additional 1,300 shares in the last quarter. Deutsche Bank AG lifted its stake in Redwire by 40.0% in the 1st quarter. Deutsche Bank AG now owns 14,072 shares of the company’s stock worth $117,000 after purchasing an additional 4,017 shares in the last quarter. KLP Kapitalforvaltning AS bought a new position in shares of Redwire during the 1st quarter valued at about $42,000. FNY Investment Advisers LLC bought a new position in shares of Redwire during the 1st quarter valued at about $47,000. Finally, Virtu Financial LLC grew its position in shares of Redwire by 30.1% during the first quarter. Virtu Financial LLC now owns 26,687 shares of the company’s stock valued at $221,000 after purchasing an additional 6,176 shares in the last quarter. 8.10% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Redwire

In other Redwire news, major shareholder Bain Capital Credit Member, Ll sold 11,000,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $7.83, for a total transaction of $86,130,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 2.60% of the stock is currently owned by insiders.

Redwire Stock Down 9.5%

Shares of RDW opened at $8.73 on Monday. The company has a quick ratio of 1.11, a current ratio of 1.46 and a debt-to-equity ratio of 0.21. The business has a fifty day moving average of $9.34 and a 200 day moving average of $12.15. The company has a market cap of $1.26 billion, a PE ratio of -2.69 and a beta of 2.47. Redwire Corporation has a 52-week low of $6.61 and a 52-week high of $26.66.

Redwire (NYSE:RDW) last announced its earnings results on Wednesday, August 6th. The company reported ($0.39) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.28). The firm had revenue of $61.76 million during the quarter, compared to analysts’ expectations of $80.48 million. Redwire had a negative net margin of 71.95% and a negative return on equity of 32.67%. On average, sell-side analysts expect that Redwire Corporation will post -0.85 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. B. Riley decreased their target price on Redwire from $25.00 to $20.00 and set a “buy” rating on the stock in a research report on Friday, August 8th. HC Wainwright reissued a “buy” rating and issued a $22.00 target price (down from $26.00) on shares of Redwire in a report on Friday, August 8th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Redwire in a research note on Wednesday, October 8th. Truist Financial set a $16.00 price objective on shares of Redwire and gave the company a “hold” rating in a research report on Thursday, June 26th. Finally, Wall Street Zen cut shares of Redwire from a “hold” rating to a “strong sell” rating in a research note on Saturday, August 9th. Seven equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $17.93.

Redwire Company Profile

Redwire Corporation provides critical space solutions and space infrastructure for government and commercial customers in the United States, Europe, and internationally. The company provides avionics and sensors including star trackers, sun sensors, critical for navigation, and control of spacecraft; camera systems; solar array solutions for spacecraft spanning the spectrum of size, power needs, and orbital location; and strain composite booms, coilable booms, truss structures, telescope baffles, and deployable booms to position sensors or solar arrays away from the spacecraft.