16,888 Shares in Redwire Co. (NYSE:RDW) Purchased by Proficio Capital Partners LLC

Proficio Capital Partners LLC acquired a new stake in shares of Redwire Co. (NYSE:RDW) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 16,888 shares of the company’s stock, valued at approximately $278,000.

Other hedge funds have also recently modified their holdings of the company. MetLife Investment Management LLC grew its stake in Redwire by 129.1% in the third quarter. MetLife Investment Management LLC now owns 14,058 shares of the company’s stock worth $97,000 after purchasing an additional 7,921 shares in the last quarter. Stifel Financial Corp purchased a new position in Redwire in the 3rd quarter worth $139,000. Arkadios Wealth Advisors purchased a new position in Redwire in the 4th quarter worth $165,000. Wolverine Asset Management LLC grew its position in Redwire by 332.2% during the 4th quarter. Wolverine Asset Management LLC now owns 15,546 shares of the company’s stock worth $256,000 after purchasing an additional 11,949 shares during the period. Finally, Brookstone Capital Management acquired a new stake in Redwire during the 4th quarter worth about $329,000. Institutional investors own 8.10% of the company’s stock.

Redwire Stock Down 8.6 %

NYSE:RDW opened at $10.30 on Wednesday. The company has a fifty day simple moving average of $18.33 and a two-hundred day simple moving average of $12.69. The company has a market cap of $685.04 million, a price-to-earnings ratio of -8.51 and a beta of 2.33. Redwire Co. has a 52 week low of $3.01 and a 52 week high of $26.66.

Analyst Ratings Changes

RDW has been the topic of a number of analyst reports. Cantor Fitzgerald restated an “overweight” rating and set a $28.00 target price on shares of Redwire in a research report on Tuesday. B. Riley raised shares of Redwire from a “neutral” rating to a “buy” rating and raised their target price for the stock from $9.50 to $27.00 in a research note on Monday, January 27th. Finally, HC Wainwright lifted their price target on shares of Redwire from $18.00 to $26.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Redwire currently has a consensus rating of “Buy” and an average price target of $18.04.

Insiders Place Their Bets

In related news, major shareholder Park Lp Genesis II sold 10,115 shares of the business’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $24.11, for a total transaction of $243,872.65. Following the completion of the transaction, the insider now owns 3,644,566 shares in the company, valued at approximately $87,870,486.26. The trade was a 0.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders sold a total of 684,454 shares of company stock worth $13,682,993 over the last 90 days. Corporate insiders own 2.60% of the company’s stock.

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.