Park Lp Genesis II Sells 10,115 Shares of Redwire Co. (NYSE:RDW) Stock

Redwire Co. (NYSE:RDW - Get Free Report) major shareholder Park Lp Genesis II sold 10,115 shares of Redwire stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $24.11, for a total value of $243,872.65. Following the transaction, the insider now directly owns 3,644,566 shares in the company, valued at approximately $87,870,486.26. The trade was a 0.28 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Major shareholders that own 10% or more of a company's shares are required to disclose their transactions with the SEC.

Park Lp Genesis II also recently made the following trade(s):

• On Friday, February 7th, Park Lp Genesis II sold 6,683 shares of Redwire stock. The stock was sold at an average price of $22.56, for a total transaction of $150,768.48.
• On Tuesday, February 4th, Park Lp Genesis II sold 50,000 shares of Redwire stock. The stock was sold at an average price of $23.20, for a total transaction of $1,160,000.00.
• On Monday, January 27th, Park Lp Genesis II sold 100,000 shares of Redwire stock. The stock was sold at an average price of $22.73, for a total transaction of $2,273,000.00.
• On Thursday, January 23rd, Park Lp Genesis II sold 100,000 shares of Redwire stock. The shares were sold at an average price of $21.92, for a total value of $2,192,000.00.
• On Tuesday, January 21st, Park Lp Genesis II sold 150,000 shares of Redwire stock. The shares were sold at an average price of $19.61, for a total value of $2,941,500.00.
• On Monday, January 6th, Park Lp Genesis II sold 100,000 shares of Redwire stock. The shares were sold at an average price of $18.02, for a total transaction of $1,802,000.00.
• On Friday, January 3rd, Park Lp Genesis II sold 72,415 shares of Redwire stock. The shares were sold at an average price of $17.90, for a total transaction of $1,296,228.50.
• On Monday, December 30th, Park Lp Genesis II sold 5,371 shares of Redwire stock. The shares were sold at an average price of $18.01, for a total transaction of $96,731.71.
• On Friday, December 27th, Park Lp Genesis II sold 89,870 shares of Redwire stock. The shares were sold at an average price of $16.99, for a total transaction of $1,526,891.30.

Redwire Stock Down 13.3 %

Shares of NYSE RDW traded down $2.18 during midday trading on Tuesday, reaching $14.24. The company had a trading volume of 2,330,831 shares, compared to its average volume of 2,110,121. The firm's fifty day moving average price is $18.80 and its 200-day moving average price is $12.16. Redwire Co. has a one year low of $2.91 and a one year high of $26.66. The stock has a market cap of $947.80 million, a PE ratio of -11.74 and a beta of 2.23.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on RDW shares. HC Wainwright boosted their price objective on Redwire from $18.00 to $26.00 and gave the company a "buy" rating in a research note on Wednesday, January 22nd. Cantor Fitzgerald assumed coverage on Redwire in a report on Friday, January 24th. They issued an "overweight" rating and a $28.00 price target on the stock. B. Riley raised Redwire from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $9.50 to $27.00 in a report on Monday, January 27th. Finally, Roth Mkm boosted their price target on shares of Redwire from $10.00 to $13.00 and gave the stock a "buy" rating in a research note on Friday, November 8th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Redwire has a consensus rating of "Buy" and an average target price of $18.04.

Institutional Trading of Redwire

A number of institutional investors have recently made changes to their positions in the stock. Quarry LP purchased a new stake in Redwire during the 4th quarter valued at $33,000. Summit Investment Advisors Inc. grew its stake in shares of Redwire by 64.2% in the fourth quarter. Summit Investment Advisors Inc. now owns 2,382 shares of the company's stock worth $39,000 after purchasing an additional 931 shares during the last quarter. Summit Securities Group LLC purchased a new position in Redwire during the 4th quarter valued at about $63,000. Jones Financial Companies Lllp raised its position in Redwire by 45.7% during 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 last quarter. Finally, US Bancorp DE purchased a new stake in Redwire in the 4th quarter worth approximately $119,000. Hedge funds and other institutional investors own 8.10% of the company's stock.

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.