Jones Financial Companies Lllp Has $114,000 Stock Position in Red Cat Holdings, Inc. (NASDAQ:RCAT)

Jones Financial Companies Lllp boosted its position in Red Cat Holdings, Inc. (NASDAQ:RCAT) by 1,536.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 8,887 shares of the company’s stock after purchasing an additional 8,344 shares during the period. Jones Financial Companies Lllp’s holdings in Red Cat were worth $114,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Sanctuary Advisors LLC acquired a new stake in Red Cat in the 3rd quarter valued at about $25,000. Regency Capital Management Inc. DE acquired a new stake in Red Cat in the 4th quarter valued at about $130,000. Atria Wealth Solutions Inc. acquired a new stake in Red Cat during the fourth quarter worth approximately $134,000. U.S. Capital Wealth Advisors LLC acquired a new stake in Red Cat during the fourth quarter worth approximately $139,000. Finally, Gladstone Institutional Advisory LLC lifted its position in Red Cat by 34.0% during the fourth quarter. Gladstone Institutional Advisory LLC now owns 13,400 shares of the company’s stock worth $172,000 after acquiring an additional 3,400 shares during the last quarter. 37.97% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Northland Securities assumed coverage on shares of Red Cat in a research report on Tuesday, March 11th. They set an “outperform” rating and a $13.00 price objective for the company. Northland Capmk upgraded shares of Red Cat to a “strong-buy” rating in a research report on Monday, March 10th.

Red Cat Stock Up 15.0 %

Shares of RCAT opened at $5.66 on Friday. Red Cat Holdings, Inc. has a 12 month low of $0.70 and a 12 month high of $15.27. The firm’s 50 day moving average is $8.44 and its 200-day moving average is $6.57. The stock has a market capitalization of $453.71 million, a PE ratio of -10.48 and a beta of 1.32. The company has a current ratio of 1.43, a quick ratio of 0.60 and a debt-to-equity ratio of 0.30.

Red Cat (NASDAQ:RCAT) last announced its earnings results on Monday, December 16th. The company reported ($0.18) EPS for the quarter, missing the consensus estimate of $0.09 by ($0.27). Red Cat had a negative return on equity of 96.00% and a negative net margin of 232.62%. During the same quarter in the prior year, the firm earned ($0.11) EPS. Equities research analysts forecast that Red Cat Holdings, Inc. will post -0.5 EPS for the current year.

Insider Transactions at Red Cat

In related news, Director Joseph David Freedman sold 50,000 shares of Red Cat stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $10.00, for a total value of $500,000.00. Following the transaction, the director now directly owns 635,190 shares of the company’s stock, valued at $6,351,900. This trade represents a 7.30 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Nicholas Reyland Liuzza, Jr. sold 328,928 shares of Red Cat stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $8.29, for a total transaction of $2,726,813.12. Following the completion of the transaction, the director now directly owns 681,072 shares in the company, valued at $5,646,086.88. This trade represents a 32.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,930,441 shares of company stock valued at $21,099,751. 21.50% of the stock is currently owned by company insiders.

About Red Cat

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.