Arrowstreet Capital Limited Partnership Buys Shares of 106,487 Red Cat Holdings, Inc. (NASDAQ:RCAT)

Arrowstreet Capital Limited Partnership acquired a new position in Red Cat Holdings, Inc. (NASDAQ:RCAT - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 106,487 shares of the company's stock, valued at approximately $1,368,000. Arrowstreet Capital Limited Partnership owned about 0.13% of Red Cat at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Sanctuary Advisors LLC bought a new position in Red Cat during the third quarter valued at about $25,000. Twin Tree Management LP bought a new position in shares of Red Cat during the 4th quarter valued at approximately $28,000. Mark Sheptoff Financial Planning LLC purchased a new stake in shares of Red Cat during the 4th quarter worth approximately $48,000. SBI Securities Co. Ltd. bought a new stake in shares of Red Cat in the 4th quarter worth approximately $60,000. Finally, Jones Financial Companies Lllp lifted its stake in Red Cat by 1,536.6% in the fourth quarter. Jones Financial Companies Lllp now owns 8,887 shares of the company's stock valued at $114,000 after purchasing an additional 8,344 shares during the last quarter. Institutional investors own 37.97% of the company's stock.

Red Cat Stock Performance

Shares of RCAT stock traded down $0.08 during trading on Thursday, reaching $5.11. 877,416 shares of the company's stock traded hands, compared to its average volume of 4,240,351. Red Cat Holdings, Inc. has a 1 year low of $0.80 and a 1 year high of $15.27. The company has a market capitalization of $437.23 million, a P/E ratio of -9.45 and a beta of 1.34. The company has a current ratio of 1.43, a quick ratio of 0.60 and a debt-to-equity ratio of 0.30. The firm's 50-day moving average is $6.58 and its 200 day moving average is $7.09.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on RCAT. Northland Capmk raised Red Cat to a "strong-buy" rating in a research report on Monday, March 10th. Northland Securities initiated coverage on Red Cat in a report on Tuesday, March 11th. They issued an "outperform" rating and a $13.00 price objective for the company.

Red Cat Profile

Red Cat Holdings, Inc engages in the provision of various products, services, and solutions to the drone industry. The company operates through two segments: Enterprise and Consumer. It built infrastructure to manages drone fleets and fly, and provide services remotely, navigate confined industrial interior spaces and dangerous military environment.