Dover Advisors LLC Invests $370,000 in Redwire Corporation $RDW

Dover Advisors LLC bought a new position in shares of Redwire Corporation (NYSE:RDWFree Report) during the fourth quarter, according to its most recent filing with the SEC. The fund bought 48,682 shares of the company’s stock, valued at approximately $370,000.

A number of other hedge funds also recently made changes to their positions in the business. AXQ Capital LP raised its stake in shares of Redwire by 26.9% during the 4th quarter. AXQ Capital LP now owns 25,526 shares of the company’s stock worth $194,000 after purchasing an additional 5,405 shares during the period. Impact Partnership Wealth LLC bought a new stake in Redwire in the 4th quarter valued at about $93,000. Seven Grand Managers LLC bought a new stake in Redwire in the 4th quarter valued at about $1,520,000. Geode Capital Management LLC raised its stake in Redwire by 46.9% in the 4th quarter. Geode Capital Management LLC now owns 1,764,643 shares of the company’s stock valued at $13,413,000 after acquiring an additional 563,259 shares during the period. Finally, Penn Capital Management Company LLC bought a new stake in Redwire in the 4th quarter valued at about $350,000. 8.10% of the stock is currently owned by institutional investors.

Redwire Stock Down 0.6%

RDW stock opened at $20.56 on Wednesday. The company has a quick ratio of 1.37, a current ratio of 1.75 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $3.95 billion, a PE ratio of -7.67 and a beta of 2.92. Redwire Corporation has a twelve month low of $4.87 and a twelve month high of $26.64. The stock has a 50-day simple moving average of $11.95 and a two-hundred day simple moving average of $9.75.

Redwire (NYSE:RDWGet Free Report) last posted its earnings results on Wednesday, May 6th. The company reported ($0.40) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.24). The company had revenue of $96.97 million for the quarter, compared to analysts’ expectations of $105.94 million. Redwire had a negative net margin of 80.90% and a negative return on equity of 11.68%. The firm’s quarterly revenue was up 57.9% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.09) EPS. On average, equities analysts predict that Redwire Corporation will post -0.7 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on RDW shares. Canaccord Genuity Group boosted their price objective on Redwire from $12.00 to $14.00 and gave the company a “buy” rating in a research note on Monday, May 11th. Truist Financial upgraded Redwire to a “strong-buy” rating in a research note on Friday, May 1st. Zacks Research upgraded Redwire from a “strong sell” rating to a “hold” rating in a research note on Wednesday, March 11th. Alliance Global Partners restated a “buy” rating on shares of Redwire in a research note on Wednesday, April 22nd. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Redwire in a research note on Tuesday, April 21st. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $15.44.

Get Our Latest Stock Analysis on Redwire

Insiders Place Their Bets

In other Redwire news, Director Ae Red Holdings, Llc sold 7,500,000 shares of Redwire stock in a transaction dated Tuesday, March 24th. The stock was sold at an average price of $9.15, for a total transaction of $68,625,000.00. Following the completion of the transaction, the director owned 36,135,217 shares of the company’s stock, valued at $330,637,235.55. The trade was a 17.19% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Over the last ninety days, insiders sold 23,327,795 shares of company stock worth $228,806,188. 0.79% of the stock is owned by insiders.

Redwire Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding RDW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Redwire Corporation (NYSE:RDWFree Report).

Institutional Ownership by Quarter for Redwire (NYSE:RDW)

Receive News & Ratings for Redwire Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Redwire and related companies with MarketBeat.com's FREE daily email newsletter.