Wolverine Trading LLC Purchases New Position in Red Cat Holdings, Inc. (NASDAQ:RCAT)

Wolverine Trading LLC purchased a new stake in shares of Red Cat Holdings, Inc. (NASDAQ:RCAT - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 90,852 shares of the company's stock, valued at approximately $233,000. Wolverine Trading LLC owned about 0.12% of Red Cat at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in RCAT. Sheets Smith Wealth Management acquired a new stake in shares of Red Cat during the third quarter worth about $51,000. United Capital Management of KS Inc. acquired a new position in shares of Red Cat in the third quarter worth $108,000. Pekin Hardy Strauss Inc. purchased a new stake in shares of Red Cat during the third quarter worth $138,000. PVG Asset Management Corp acquired a new stake in shares of Red Cat in the second quarter valued at $63,000. Finally, XTX Topco Ltd boosted its holdings in Red Cat by 390.9% in the second quarter. XTX Topco Ltd now owns 58,895 shares of the company's stock valued at $68,000 after purchasing an additional 46,897 shares during the period. Hedge funds and other institutional investors own 37.97% of the company's stock.

Red Cat Stock Up 27.0 %

NASDAQ RCAT traded up $2.22 during trading hours on Monday, hitting $10.45. 49,315,691 shares of the company were exchanged, compared to its average volume of 1,789,886. The firm has a market cap of $788.56 million, a price-to-earnings ratio of -22.72 and a beta of 1.33. The company has a 50 day moving average of $5.42 and a two-hundred day moving average of $3.27. Red Cat Holdings, Inc. has a 52-week low of $0.56 and a 52-week high of $12.57.

Remove Ads

Red Cat (NASDAQ:RCAT - Get Free Report) last issued its quarterly earnings results on Monday, December 16th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.09 by ($0.27). Red Cat had a negative return on equity of 66.19% and a negative net margin of 162.50%. During the same quarter in the previous year, the company posted ($0.11) earnings per share. On average, equities research analysts predict that Red Cat Holdings, Inc. will post -0.39 EPS for the current year.

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.