Redwire Co. (NYSE:RDW) Major Shareholder Sells $243,872.65 in Stock

Redwire Co. (NYSE:RDW) major shareholder Park Lp Genesis II sold 10,115 shares of the stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $24.11, for a total transaction of $243,872.65. Following the transaction, the insider now owns 3,644,566 shares of the company’s stock, valued at approximately $87,870,486.26. The trade was a 0.28 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Park Lp Genesis II also recently made the following trade(s):

• On Friday, February 7th, Park Lp Genesis II sold 6,683 shares of Redwire stock. The shares were sold at an average price of $22.56, for a total transaction of $150,768.48.
• On Tuesday, February 4th, Park Lp Genesis II sold 50,000 shares of Redwire stock. The shares were sold at an average price of $23.20, for a total transaction of $1,160,000.00.
• On Monday, January 27th, Park Lp Genesis II sold 100,000 shares of Redwire stock. The shares were sold at an average price of $22.73, for a total transaction of $2,273,000.00.
• On Thursday, January 23rd, Park Lp Genesis II sold 100,000 shares of Redwire stock. The shares were sold at an average price of $21.92, for a total transaction of $2,192,000.00.
• On Tuesday, January 21st, Park Lp Genesis II sold 150,000 shares of Redwire stock. The shares were sold at an average price of $19.61, for a total transaction of $2,941,500.00.
• On Monday, January 6th, Park Lp Genesis II sold 100,000 shares of Redwire stock. The shares were sold at an average price of $18.02, for a total transaction of $1,802,000.00.
• On Friday, January 3rd, Park Lp Genesis II sold 72,415 shares of Redwire stock. The shares were sold at an average price of $17.90, for a total transaction of $1,296,228.50.
• On Monday, December 30th, Park Lp Genesis II sold 5,371 shares of Redwire stock. The shares were sold at an average price of $18.01, for a total transaction of $96,731.71.
• On Friday, December 27th, Park Lp Genesis II sold 89,870 shares of Redwire stock. The shares were sold at an average price of $16.99, for a total transaction of $1,526,891.30.

Redwire Trading Down 10.5 %

RDW stock opened at $17.90 on Monday. Redwire Co. has a 1-year low of $2.89 and a 1-year high of $26.66. The company’s 50 day moving average is $18.74 and its 200 day moving average is $12.08. The stock has a market cap of $1.19 billion, a price-to-earnings ratio of -14.79 and a beta of 2.23.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of RDW. Quarry LP bought a new position in shares of Redwire in the fourth quarter worth approximately $33,000. Summit Investment Advisors Inc. grew its holdings in shares of Redwire by 64.2% in the fourth quarter. Summit Investment Advisors Inc. now owns 2,382 shares of the company’s stock worth $39,000 after purchasing an additional 931 shares during the last quarter. Summit Securities Group LLC bought a new position in shares of Redwire in the fourth quarter worth approximately $63,000. Jones Financial Companies Lllp grew its holdings in shares of Redwire by 45.7% in the fourth quarter. Jones Financial Companies Lllp now owns 4,372 shares of the company’s stock worth $72,000 after purchasing an additional 1,372 shares during the last quarter. Finally, Vontobel Holding Ltd. bought a new position in shares of Redwire in the third quarter worth approximately $74,000. 8.10% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on RDW shares. Roth Mkm increased their price target on shares of Redwire from $10.00 to $13.00 and gave the stock a “buy” rating in a report on Friday, November 8th. HC Wainwright increased their price target on shares of Redwire from $18.00 to $26.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. B. Riley raised shares of Redwire from a “neutral” rating to a “buy” rating and increased their price target for the stock from $9.50 to $27.00 in a report on Monday, January 27th. Finally, Cantor Fitzgerald started coverage on shares of Redwire in a report on Friday, January 24th. They issued an “overweight” rating and a $28.00 price target on the stock. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $18.04.

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.