Redwire Co. (NYSE:RDW) Shares Bought by EAM Investors LLC

EAM Investors LLC lifted its stake in Redwire Co. (NYSE:RDW - Free Report) by 254.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 232,903 shares of the company's stock after purchasing an additional 167,219 shares during the period. EAM Investors LLC owned approximately 0.35% of Redwire worth $3,834,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of RDW. Andar Capital Management HK Ltd acquired a new stake in shares of Redwire during the fourth quarter valued at $3,621,000. Mesirow Financial Investment Management Inc. acquired a new position in shares of Redwire during the 4th quarter valued at about $448,000. Vanguard Group Inc. boosted its position 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 worth $21,573,000 after acquiring an additional 101,620 shares during the last quarter. State Street Corp raised its position in shares of Redwire by 8.1% in the 3rd quarter. State Street Corp now owns 473,295 shares of the company's stock worth $3,252,000 after buying an additional 35,519 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in Redwire by 4.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 65,641 shares of the company's stock valued at $1,080,000 after acquiring an additional 2,533 shares during the period. 8.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. HC Wainwright reissued a "buy" rating and issued a $26.00 target price on shares of Redwire in a research note on Wednesday, March 12th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $28.00 target price on shares of Redwire in a research note on Tuesday, March 11th. B. Riley decreased their price target on Redwire from $27.00 to $25.00 and set a "neutral" rating for the company in a report on Wednesday, March 12th. Finally, Alliance Global Partners reissued a "buy" rating on shares of Redwire in a research report on Tuesday, March 11th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $17.71.

Redwire Price Performance

RDW traded down $0.80 during trading hours 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 12 month low of $3.54 and a 12 month high of $26.66. The stock has a 50-day simple moving average of $12.63 and a 200-day simple moving average of $13.32. The stock has a market cap of $703.58 million, a price-to-earnings ratio of -7.69 and a beta of 2.51.

Insider Buying and Selling

In other Redwire news, major shareholder Park Lp Genesis II sold 100,000 shares of the business's stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $21.92, for a total transaction of $2,192,000.00. Following the completion of the transaction, the insider now directly owns 4,007,489 shares of the company's stock, valued at $87,844,158.88. The trade was a 2.43 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders sold a total of 416,798 shares of company stock worth $8,961,141 in the last three months. 2.60% of the stock is owned by insiders.

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.