Andar Capital Management HK Ltd Invests $3.62 Million in Redwire Co. (NYSE:RDW)

Andar Capital Management HK Ltd bought a new stake in Redwire Co. (NYSE:RDW - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 220,000 shares of the company's stock, valued at approximately $3,621,000. Redwire comprises approximately 4.7% of Andar Capital Management HK Ltd's investment portfolio, making the stock its 8th largest position. Andar Capital Management HK Ltd owned about 0.33% of Redwire at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Jones Financial Companies Lllp grew its stake in Redwire by 45.7% in the 4th quarter. Jones Financial Companies Lllp now owns 4,372 shares of the company's stock valued at $72,000 after purchasing an additional 1,372 shares during the period. US Bancorp DE purchased a new position in Redwire in the fourth quarter valued at about $119,000. Arkadios Wealth Advisors bought a new position in shares of Redwire during the 4th quarter valued at approximately $165,000. Raymond James Financial Inc. purchased a new stake in shares of Redwire during the 4th quarter worth approximately $215,000. Finally, MetLife Investment Management LLC raised its holdings in shares of Redwire by 129.1% in the 3rd quarter. MetLife Investment Management LLC now owns 14,058 shares of the company's stock worth $97,000 after purchasing an additional 7,921 shares during the period. 8.10% of the stock is owned by institutional investors.

Insider Buying and Selling at Redwire

In other news, major shareholder Park Lp Genesis II sold 89,870 shares of the company's stock in a transaction dated Friday, December 27th. The stock was sold at an average price of $16.99, for a total value of $1,526,891.30. Following the completion of the transaction, the insider now directly owns 4,603,427 shares in the company, valued at approximately $78,212,224.73. This represents a 1.91 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold a total of 684,454 shares of company stock worth $13,682,993 over the last three months. 2.60% of the stock is owned by insiders.

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Redwire Trading Up 1.0 %

Shares of RDW traded up $0.12 during trading hours on Friday, reaching $11.41. 1,283,820 shares of the company's stock traded hands, compared to its average volume of 835,557. Redwire Co. has a 12 month low of $3.39 and a 12 month high of $26.66. The stock has a market cap of $758.90 million, a PE ratio of -9.43 and a beta of 2.33. The firm's 50 day simple moving average is $17.37 and its 200-day simple moving average is $12.87.

Analysts Set New Price Targets

Several brokerages have weighed in on RDW. HC Wainwright reissued a "buy" rating and set a $26.00 price objective on shares of Redwire in a report on Wednesday, March 12th. Cantor Fitzgerald reissued an "overweight" rating and issued a $28.00 price objective on shares of Redwire in a report on Tuesday, March 11th. B. Riley dropped their price objective on shares of Redwire from $27.00 to $25.00 and set a "neutral" rating on the stock in a report on Wednesday, March 12th. Finally, Alliance Global Partners reiterated a "buy" rating on shares of Redwire in a research note on Tuesday, March 11th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $17.71.

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.