Dimensional Fund Advisors LP Has $3.26 Million Holdings in Blade Air Mobility, Inc. (NASDAQ:BLDE)

Dimensional Fund Advisors LP lifted its stake in shares of Blade Air Mobility, Inc. (NASDAQ:BLDE) by 24.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 937,856 shares of the company’s stock after purchasing an additional 181,630 shares during the period. Dimensional Fund Advisors LP owned approximately 1.21% of Blade Air Mobility worth $3,264,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. CWM LLC raised its position in Blade Air Mobility by 764.5% in the 2nd quarter. CWM LLC now owns 7,374 shares of the company’s stock worth $26,000 after purchasing an additional 6,521 shares during the last quarter. 1620 Investment Advisors Inc. acquired a new position in Blade Air Mobility during the 2nd quarter valued at about $50,000. B. Riley Wealth Advisors Inc. boosted its stake in shares of Blade Air Mobility by 70.0% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 21,850 shares of the company’s stock valued at $62,000 after purchasing an additional 9,000 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Blade Air Mobility during the 1st quarter worth approximately $66,000. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd bought a new stake in shares of Blade Air Mobility during the second quarter worth approximately $81,000. 47.36% of the stock is owned by institutional investors.

Blade Air Mobility Price Performance

Shares of NASDAQ BLDE opened at $3.44 on Friday. The company’s 50 day simple moving average is $3.08 and its 200 day simple moving average is $3.25. Blade Air Mobility, Inc. has a fifty-two week low of $2.06 and a fifty-two week high of $4.24. The firm has a market capitalization of $266.07 million, a P/E ratio of -5.06 and a beta of 1.09.

Blade Air Mobility (NASDAQ:BLDE) last posted its quarterly earnings results on Wednesday, August 7th. The company reported ($0.06) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.06). Blade Air Mobility had a negative return on equity of 10.86% and a negative net margin of 20.64%. The company had revenue of $67.95 million for the quarter, compared to the consensus estimate of $62.86 million. Sell-side analysts expect that Blade Air Mobility, Inc. will post -0.36 EPS for the current fiscal year.

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.