B. Riley Wealth Advisors Inc. Trims Stock Holdings in Blade Air Mobility, Inc. (NASDAQ:BLDE)

B. Riley Wealth Advisors Inc. decreased its position in Blade Air Mobility, Inc. (NASDAQ:BLDE) by 41.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,850 shares of the company’s stock after selling 9,000 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Blade Air Mobility were worth $45,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Caprock Group LLC acquired a new stake in Blade Air Mobility during the 4th quarter worth about $109,000. Connor Clark & Lunn Investment Management Ltd. grew its position in Blade Air Mobility by 152.0% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 55,145 shares of the company’s stock worth $143,000 after purchasing an additional 33,258 shares during the period. Cerity Partners LLC grew its position in Blade Air Mobility by 8.1% during the 4th quarter. Cerity Partners LLC now owns 402,662 shares of the company’s stock worth $1,421,000 after purchasing an additional 30,000 shares during the period. SG Americas Securities LLC grew its position in Blade Air Mobility by 21.8% during the 4th quarter. SG Americas Securities LLC now owns 31,636 shares of the company’s stock worth $112,000 after purchasing an additional 5,652 shares during the period. Finally, Bouvel Investment Partners LLC grew its position in Blade Air Mobility by 2.5% during the 4th quarter. Bouvel Investment Partners LLC now owns 179,614 shares of the company’s stock worth $634,000 after purchasing an additional 4,453 shares during the period. Hedge funds and other institutional investors own 47.36% of the company’s stock.

Blade Air Mobility Stock Performance

Shares of BLDE opened at $3.48 on Friday. The business’s 50-day moving average is $3.26 and its two-hundred day moving average is $3.23. The company has a market capitalization of $269.16 million, a P/E ratio of -5.12 and a beta of 1.07. Blade Air Mobility, Inc. has a fifty-two week low of $2.06 and a fifty-two week high of $4.54.

Blade Air Mobility (NASDAQ:BLDE) last announced its quarterly earnings results on Tuesday, May 7th. The company reported ($0.06) earnings per share for the quarter, topping the consensus estimate of ($0.13) by $0.07. Blade Air Mobility had a negative return on equity of 11.78% and a negative net margin of 21.66%. The company had revenue of $51.51 million for the quarter, compared to the consensus estimate of $49.45 million. Analysts forecast that Blade Air Mobility, Inc. will post -0.17 EPS for the current year.

Insider Activity

In other news, CAO Amir Cohen sold 11,008 shares of the firm’s stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $3.05, for a total transaction of $33,574.40. Following the sale, the chief accounting officer now directly owns 84,374 shares in the company, valued at approximately $257,340.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CAO Amir Cohen sold 11,008 shares of Blade Air Mobility stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $3.05, for a total value of $33,574.40. Following the sale, the chief accounting officer now directly owns 84,374 shares in the company, valued at approximately $257,340.70. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO William A. Heyburn sold 20,552 shares of Blade Air Mobility stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of $3.28, for a total value of $67,410.56. Following the completion of the sale, the chief financial officer now owns 1,404,468 shares in the company, valued at $4,606,655.04. The disclosure for this sale can be found here. Insiders have sold 84,034 shares of company stock worth $273,100 in the last ninety days. Company insiders own 17.50% of the company’s stock.

About Blade Air Mobility

Blade Air Mobility, Inc provides air transportation alternatives to the congested ground routes in the United States. It provides its services through charter and by-the-seat flights using helicopters, jets, turboprops, and amphibious seaplanes. The company was founded in 2014 and is headquartered in New York, New York.