Van ECK Associates Corp Makes New $1.15 Million Investment in Redwire Co. (NYSE:RDW)

Van ECK Associates Corp bought a new position in shares of Redwire Co. (NYSE:RDW - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 69,922 shares of the company's stock, valued at approximately $1,151,000. Van ECK Associates Corp owned approximately 0.11% of Redwire at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of RDW. Harbor Capital Advisors Inc. acquired a new position in shares of Redwire during the third quarter worth $623,000. State Street Corp lifted its holdings in Redwire by 8.1% during 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 last quarter. Brookstone Capital Management acquired a new position in shares of Redwire during the 4th quarter worth about $329,000. Barclays PLC increased its holdings in shares of Redwire by 55.8% in 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 during the last quarter. Finally, Stifel Financial Corp acquired a new stake in shares of Redwire during the 3rd quarter worth about $139,000. Hedge funds and other institutional investors own 8.10% of the company's stock.

Insiders Place Their Bets

In other news, major shareholder Park Lp Genesis II sold 5,371 shares of the business's stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $18.01, for a total value of $96,731.71. Following the transaction, the insider now owns 4,598,056 shares of the company's stock, valued at approximately $82,810,988.56. The trade was a 0.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last three months, insiders have sold 684,454 shares of company stock valued at $13,682,993. Insiders own 2.60% of the company's stock.

Redwire Trading Down 12.9 %

Shares of Redwire stock traded down $2.13 during trading on Tuesday, reaching $14.30. The company's stock had a trading volume of 3,279,592 shares, compared to its average volume of 2,138,394. The company has a 50-day moving average price of $18.80 and a two-hundred day moving average price of $12.16. Redwire Co. has a fifty-two week low of $2.91 and a fifty-two week high of $26.66. The firm has a market cap of $951.20 million, a PE ratio of -11.81 and a beta of 2.23.

Analysts Set New Price Targets

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

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.