Andar Capital Management HK Ltd Invests $2.77 Million in Redwire Corporation $RDW

Andar Capital Management HK Ltd acquired a new stake in Redwire Corporation (NYSE:RDW) in the second quarter, HoldingsChannel.com reports. The fund acquired 170,000 shares of the company’s stock, valued at approximately $2,771,000. Redwire accounts for 3.2% of Andar Capital Management HK Ltd’s portfolio, making the stock its 12th biggest position.

A number of other institutional investors also recently added to or reduced their stakes in RDW. Ameritas Advisory Services LLC acquired a new position in Redwire during the 2nd quarter worth approximately $54,000. KLP Kapitalforvaltning AS acquired a new position in Redwire during the first quarter worth $42,000. New York State Common Retirement Fund raised its position in Redwire by 656.7% in the first quarter. New York State Common Retirement Fund now owns 8,066 shares of the company’s stock worth $67,000 after acquiring an additional 7,000 shares in the last quarter. SBI Securities Co. Ltd. lifted its holdings in Redwire by 1,172.5% in the first quarter. SBI Securities Co. Ltd. now owns 8,106 shares of the company’s stock valued at $67,000 after acquiring an additional 7,469 shares during the period. Finally, Strs Ohio purchased a new stake in shares of Redwire during the 1st quarter worth $69,000. Hedge funds and other institutional investors own 8.10% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Peter Anthony Cannito, Jr. acquired 32,155 shares of Redwire stock in a transaction dated Monday, November 10th. The shares were acquired at an average cost of $6.21 per share, for a total transaction of $199,682.55. Following the completion of the transaction, the chief executive officer directly owned 526,728 shares of the company’s stock, valued at $3,270,980.88. The trade was a 6.50% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, major shareholder Bain Capital Credit Member, Ll sold 11,000,000 shares of the stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $7.83, for a total value of $86,130,000.00. The SEC filing for this sale provides additional information. 2.60% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on RDW. Roth Capital reiterated a “buy” rating and issued a $15.00 price target on shares of Redwire in a report on Thursday, November 6th. Weiss Ratings restated a “sell (d-)” rating on shares of Redwire in a research report on Wednesday, October 8th. Industrial Alliance Securities set a $9.00 price target on shares of Redwire in a research report on Thursday, November 6th. B. Riley decreased their price target on Redwire from $25.00 to $20.00 and set a “buy” rating on the stock in a research note on Friday, August 8th. Finally, Truist Financial lowered their price target on Redwire from $11.00 to $8.00 and set a “hold” rating on the stock in a report on Friday, November 7th. Six equities research 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’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $15.06.

Redwire Stock Down 0.2%

RDW stock opened at $6.16 on Wednesday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.41 and a quick ratio of 1.11. The company’s 50 day simple moving average is $8.43 and its 200-day simple moving average is $11.92. Redwire Corporation has a 12 month low of $5.72 and a 12 month high of $26.66. The firm has a market capitalization of $886.57 million, a PE ratio of -1.94 and a beta of 2.45.

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.