Redwire Corporation $RDW Stake Raised by FNY Investment Advisers LLC

FNY Investment Advisers LLC grew its holdings in shares of Redwire Corporation (NYSE:RDW) by 111.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,034 shares of the company’s stock after buying an additional 6,336 shares during the period. FNY Investment Advisers LLC’s holdings in Redwire were worth $196,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in RDW. KLP Kapitalforvaltning AS bought a new stake in shares of Redwire during the first quarter valued at approximately $42,000. GAMMA Investing LLC increased its stake in shares of Redwire by 69,077.8% during the first quarter. GAMMA Investing LLC now owns 6,226 shares of the company’s stock valued at $52,000 after acquiring an additional 6,217 shares during the period. Ameritas Advisory Services LLC acquired a new position in shares of Redwire during the second quarter valued at approximately $54,000. SBI Securities Co. Ltd. grew its position in Redwire by 1,172.5% in the first quarter. SBI Securities Co. Ltd. now owns 8,106 shares of the company’s stock worth $67,000 after buying an additional 7,469 shares during the last quarter. Finally, New York State Common Retirement Fund grew its position in Redwire by 656.7% in the first quarter. New York State Common Retirement Fund now owns 8,066 shares of the company’s stock worth $67,000 after buying an additional 7,000 shares during the last quarter. Institutional investors own 8.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on RDW shares. Wall Street Zen cut shares of Redwire from a “hold” rating to a “strong sell” rating in a research report on Saturday, August 9th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Redwire in a research report on Wednesday, October 8th. B. Riley lowered their price objective on shares of Redwire from $25.00 to $20.00 and set a “buy” rating on the stock in a research report on Friday, August 8th. HC Wainwright reiterated a “buy” rating and set a $22.00 price objective (down from $26.00) on shares of Redwire in a research report on Friday, August 8th. Finally, Bank of America lowered their price objective on shares of Redwire from $10.00 to $9.00 and set an “underperform” rating on the stock in a research report on Friday, October 10th. Seven research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $17.21.

Insider Transactions at Redwire

In related news, major shareholder Bain Capital Credit Member, Ll sold 11,000,000 shares of the company’s stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $7.83, for a total value of $86,130,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 2.60% of the company’s stock.

Redwire Stock Performance

Shares of NYSE RDW opened at $7.62 on Thursday. The business’s 50-day moving average price is $8.90 and its two-hundred day moving average price is $12.09. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.46 and a quick ratio of 1.11. Redwire Corporation has a one year low of $6.61 and a one year high of $26.66. The company has a market capitalization of $1.10 billion, a P/E ratio of -2.34 and a beta of 2.47.

Redwire (NYSE:RDW) last issued its quarterly earnings data on Wednesday, August 6th. The company reported ($0.39) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.28). The business had revenue of $61.76 million during the quarter, compared to the consensus estimate of $80.48 million. Redwire had a negative return on equity of 32.67% and a negative net margin of 71.95%. Analysts anticipate that Redwire Corporation will post -0.85 earnings per share for the current fiscal year.

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.