Redwire Co. (NYSE:RDW) Director Sells $176,243.76 in Stock

Redwire Co. (NYSE:RDW) Director Ae Red Holdings, Llc sold 48,552 shares of the stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $3.63, for a total transaction of $176,243.76. Following the completion of the sale, the director now owns 36,068,872 shares of the company’s stock, valued at approximately $130,930,005.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Monday, September 18th, Ae Red Holdings, Llc sold 15,122 shares of Redwire stock. The stock was sold at an average price of $3.39, for a total value of $51,263.58.
• On Monday, August 21st, Ae Red Holdings, Llc sold 6,151 shares of Redwire stock. The shares were sold at an average price of $3.29, for a total value of $20,236.79.
• On Monday, August 21st, Ae Red Holdings, Llc sold 6,151 shares of Redwire stock. The stock was sold at an average price of $3.29, for a total value of $20,236.79.
• On Monday, August 14th, Ae Red Holdings, Llc sold 15,275 shares of Redwire stock. The shares were sold at an average price of $3.36, for a total transaction of $51,324.00.
• On Friday, August 11th, Ae Red Holdings, Llc sold 11,723 shares of Redwire stock. The stock was sold at an average price of $3.52, for a total value of $41,264.96.
• On Wednesday, August 9th, Ae Red Holdings, Llc sold 9,465 shares of Redwire stock. The shares were sold at an average price of $3.33, for a total value of $31,518.45.
• On Monday, August 7th, Ae Red Holdings, Llc sold 15,463 shares of Redwire stock. The stock was sold at an average price of $3.44, for a total value of $53,192.72.
• On Friday, August 4th, Ae Red Holdings, Llc sold 9,745 shares of Redwire stock. The shares were sold at an average price of $3.43, for a total transaction of $33,425.35.
• On Wednesday, August 2nd, Ae Red Holdings, Llc sold 12,182 shares of Redwire stock. The shares were sold at an average price of $3.54, for a total transaction of $43,124.28.
• On Monday, July 31st, Ae Red Holdings, Llc sold 26,774 shares of Redwire stock. The stock was sold at an average price of $3.66, for a total transaction of $97,992.84.

Redwire Stock Performance

Shares of NYSE RDW traded down $0.09 during trading on Tuesday, reaching $3.26. The company had a trading volume of 425,836 shares, compared to its average volume of 371,799. Redwire Co. has a 52 week low of $1.67 and a 52 week high of $4.58. The business’s 50 day moving average price is $3.33 and its 200-day moving average price is $3.00. The stock has a market cap of $211.15 million, a PE ratio of -3.60 and a beta of 1.78.

Redwire (NYSE:RDW) last posted its quarterly earnings data on Monday, August 7th. The company reported ($0.16) earnings per share for the quarter, hitting the consensus estimate of ($0.16). Redwire had a negative net margin of 23.49% and a negative return on equity of 530.39%. The firm had revenue of $60.10 million during the quarter, compared to analysts’ expectations of $58.23 million. During the same quarter in the previous year, the company posted $0.06 EPS. Equities analysts anticipate that Redwire Co. will post -0.56 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have recently commented on RDW shares. Roth Capital reissued a “buy” rating on shares of Redwire in a report on Wednesday, September 13th. Roth Mkm initiated coverage on Redwire in a research note on Wednesday, September 13th. They issued a “buy” rating and a $10.00 price objective on the stock.

Hedge Funds Weigh In On Redwire

Several hedge funds have recently added to or reduced their stakes in RDW. Citigroup Inc. bought a new stake in Redwire during the 1st quarter worth about $52,000. Penserra Capital Management LLC raised its stake in shares of Redwire by 22.4% during the first quarter. Penserra Capital Management LLC now owns 64,839 shares of the company’s stock worth $548,000 after buying an additional 11,873 shares during the last quarter. Charles Schwab Investment Management Inc. acquired a new position in Redwire in the first quarter valued at approximately $88,000. Northern Trust Corp boosted its stake in Redwire by 12.0% in the first quarter. Northern Trust Corp now owns 30,354 shares of the company’s stock valued at $257,000 after acquiring an additional 3,263 shares during the last quarter. Finally, Cresset Asset Management LLC acquired a new stake in Redwire during the 1st quarter worth $212,000. Institutional investors own 9.10% of the company’s stock.

About Redwire

Redwire Corporation operates as a space infrastructure company in the United States, Netherlands, Luxemburg, the United Kingdom, Italy, Germany, Spain, South Korea, Poland, and internationally. It provides critical space solutions and reliability components for solar power generation, in-space 3D printing and manufacturing, avionics, critical components, sensors, digital engineering, and space-based biotechnology.