EAM Global Investors LLC Makes New Investment in Redwire Co. (NYSE:RDW)

EAM Global Investors LLC purchased a new position in shares of Redwire Co. (NYSE:RDW - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 284,894 shares of the company's stock, valued at approximately $4,689,000. EAM Global Investors LLC owned about 0.43% of Redwire as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Barclays PLC raised its stake in Redwire by 55.8% during the 3rd quarter. Barclays PLC now owns 1,181,138 shares of the company's stock valued at $8,115,000 after acquiring an additional 422,854 shares in the last quarter. Federated Hermes Inc. lifted its holdings in Redwire by 165.7% in the fourth quarter. Federated Hermes Inc. now owns 498,275 shares of the company's stock worth $8,202,000 after purchasing an additional 310,769 shares during the period. Andar Capital Management HK Ltd bought a new stake in shares of Redwire during the 4th quarter worth about $3,621,000. EAM Investors LLC lifted its stake in shares of Redwire by 254.6% in the 4th quarter. EAM Investors LLC now owns 232,903 shares of the company's stock worth $3,834,000 after acquiring an additional 167,219 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in shares of Redwire by 8.4% in the fourth quarter. Vanguard Group Inc. now owns 1,310,660 shares of the company's stock valued at $21,573,000 after acquiring an additional 101,620 shares in the last quarter. 8.10% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Redwire news, major shareholder Park Lp Genesis II sold 100,000 shares of the stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $21.92, for a total value of $2,192,000.00. Following the transaction, the insider now owns 4,007,489 shares of the company's stock, valued at approximately $87,844,158.88. This represents a 2.43 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders sold 416,798 shares of company stock worth $8,961,141 over the last three months. 2.60% of the stock is currently owned by corporate insiders.

Redwire Stock Performance

Shares of NYSE:RDW traded down $0.80 during trading on Monday, hitting $9.31. 421,594 shares of the stock were exchanged, compared to its average volume of 959,270. Redwire Co. has a 1-year low of $3.54 and a 1-year high of $26.66. The company has a market capitalization of $703.58 million, a price-to-earnings ratio of -7.69 and a beta of 2.51. The company's fifty day simple moving average is $12.63 and its 200-day simple moving average is $13.32.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on RDW shares. Alliance Global Partners restated a "buy" rating on shares of Redwire in a research report on Tuesday, March 11th. B. Riley decreased their target price on Redwire from $27.00 to $25.00 and set a "neutral" rating for the company in a research note on Wednesday, March 12th. HC Wainwright reaffirmed a "buy" rating and issued a $26.00 price objective on shares of Redwire in a research note on Wednesday, March 12th. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating and set a $28.00 price objective 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 has an average rating of "Moderate Buy" and a consensus price target of $17.71.

Redwire 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.