Redwire Co. (NYSE:RDW) Director Ae Red Holdings, Llc Sells 39,353 Shares

Redwire Co. (NYSE:RDW – Get Rating) Director Ae Red Holdings, Llc sold 39,353 shares of Redwire stock in a transaction dated Friday, May 19th. The stock was sold at an average price of $2.62, for a total value of $103,104.86. Following the completion of the transaction, the director now directly owns 36,676,652 shares of the company’s stock, valued at approximately $96,092,828.24. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Ae Red Holdings, Llc also recently made the following trade(s):

• On Wednesday, May 17th, Ae Red Holdings, Llc sold 59,719 shares of Redwire stock. The stock was sold at an average price of $2.68, for a total value of $160,046.92.
• On Monday, May 15th, Ae Red Holdings, Llc sold 51,256 shares of Redwire stock. The stock was sold at an average price of $2.66, for a total value of $136,340.96.
• On Friday, May 12th, Ae Red Holdings, Llc sold 243,162 shares of Redwire stock. The stock was sold at an average price of $2.85, for a total value of $693,011.70.
• On Wednesday, May 10th, Ae Red Holdings, Llc sold 35,887 shares of Redwire stock. The stock was sold at an average price of $3.02, for a total value of $108,378.74.

Redwire Price Performance

NYSE RDW opened at $2.66 on Tuesday. Redwire Co. has a 52 week low of $1.67 and a 52 week high of $4.69. The firm has a market capitalization of $170.98 million, a P/E ratio of -1.34 and a beta of 1.65. The company has a quick ratio of 1.00, a current ratio of 1.01 and a debt-to-equity ratio of 6.05. The company has a 50-day moving average price of $2.90 and a 200-day moving average price of $2.70.

Redwire (NYSE:RDW – Get Rating) last released its quarterly earnings results on Wednesday, March 29th. The company reported ($0.16) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.03). Redwire had a negative net margin of 65.08% and a negative return on equity of 530.39%. The business had revenue of $53.71 million for the quarter, compared to analysts’ expectations of $42.00 million. Equities research analysts anticipate that Redwire Co. will post -0.63 earnings per share for the current year.

Analyst Ratings Changes

Separately, B. Riley assumed coverage on Redwire in a research report on Friday, April 21st. They issued a “buy” rating and a $5.00 target price for the company.

Institutional Investors Weigh In On Redwire

Hedge funds and other institutional investors have recently made changes to their positions in the business. Hsbc Holdings PLC bought a new position in shares of Redwire during the 3rd quarter valued at approximately $33,000. SG Americas Securities LLC bought a new position in shares of Redwire during the 3rd quarter valued at approximately $28,000. Signaturefd LLC grew its stake in shares of Redwire by 41.1% during the 3rd quarter. Signaturefd LLC now owns 423,271 shares of the company’s stock valued at $1,007,000 after acquiring an additional 123,271 shares during the period. Barclays PLC grew its stake in shares of Redwire by 91.4% during the 1st quarter. Barclays PLC now owns 10,130 shares of the company’s stock valued at $30,000 after acquiring an additional 4,837 shares during the period. Finally, American International Group Inc. bought a new position in shares of Redwire during the 2nd quarter valued at approximately $28,000.

Redwire Company Profile

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Redwire Corporation, a space infrastructure company, develops, manufactures, and sells mission critical space solutions and components for national security, civil, and commercial space markets in the United States, Luxembourg, Germany, South Korea, Poland, and internationally. The company provides various antennas; and advanced sensors and components, which include solar arrays, composite booms, radio frequency antennas, payload adapters, space-qualifies camera systems, and star trackers and sun sensors.