46,096 Shares in Redwire Corporation $RDW Acquired by Penn Capital Management Company LLC

Penn Capital Management Company LLC purchased a new position in shares of Redwire Corporation (NYSE:RDW) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 46,096 shares of the company’s stock, valued at approximately $350,000.

Several other institutional investors and hedge funds have also bought and sold shares of RDW. AQR Capital Management LLC grew its position in Redwire by 125.0% during the 1st quarter. AQR Capital Management LLC now owns 51,437 shares of the company’s stock worth $426,000 after acquiring an additional 28,576 shares during the last quarter. Goldman Sachs Group Inc. grew its position in Redwire by 352.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 355,265 shares of the company’s stock worth $2,945,000 after acquiring an additional 276,814 shares during the last quarter. Strs Ohio bought a new position in Redwire during the 1st quarter worth approximately $69,000. Rhumbline Advisers grew its position in Redwire by 61.0% during the 2nd quarter. Rhumbline Advisers now owns 56,517 shares of the company’s stock worth $921,000 after acquiring an additional 21,417 shares during the last quarter. Finally, Invesco Ltd. grew its position in Redwire by 57.6% during the 2nd quarter. Invesco Ltd. now owns 21,198 shares of the company’s stock worth $346,000 after acquiring an additional 7,750 shares during the last quarter. 8.10% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on RDW shares. Jefferies Financial Group restated a “buy” rating and set a $13.00 price target on shares of Redwire in a research report on Sunday, May 10th. Alliance Global Partners restated a “buy” rating on shares of Redwire in a research report on Wednesday, April 22nd. Roth Mkm restated a “buy” rating and set a $20.00 price target on shares of Redwire in a research report on Wednesday, January 28th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Redwire in a research report on Tuesday, April 21st. Finally, Canaccord Genuity Group lifted their price objective on Redwire from $12.00 to $14.00 and gave the stock a “buy” rating in a research report on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Redwire currently has an average rating of “Moderate Buy” and an average price target of $14.22.

Redwire Price Performance

Shares of RDW stock opened at $24.02 on Thursday. The firm has a market cap of $4.61 billion, a P/E ratio of -8.96 and a beta of 2.41. Redwire Corporation has a fifty-two week low of $4.87 and a fifty-two week high of $24.92. The business’s 50 day moving average price is $11.12 and its 200-day moving average price is $9.38. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.37 and a current ratio of 1.75.

Redwire (NYSE:RDW) last issued its quarterly earnings data on Wednesday, May 6th. The company reported ($0.40) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.24). The business had revenue of $96.97 million during the quarter, compared to the consensus estimate of $105.94 million. Redwire had a negative return on equity of 11.68% and a negative net margin of 80.90%.Redwire’s quarterly revenue was up 57.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.09) earnings per share. On average, equities research analysts anticipate that Redwire Corporation will post -0.7 earnings per share for the current year.

Insider Buying and Selling at Redwire

In other news, Director Ae Red Holdings, Llc sold 977,887 shares of the firm’s stock in a transaction that occurred on Tuesday, April 21st. The stock was sold at an average price of $10.57, for a total value of $10,336,265.59. Following the completion of the transaction, the director owned 21,494,349 shares in the company, valued at $227,195,268.93. This trade represents a 4.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last 90 days, insiders sold 23,327,795 shares of company stock valued at $228,806,188. 0.79% of the stock is currently owned by company insiders.

Redwire Company Profile

Redwire Corporation is a space infrastructure company specializing in the design, engineering and manufacturing of mission-critical hardware and software for the spaceflight industry. The company’s offerings include deployable structures, solar power systems, radio frequency antennas, advanced composites and transparent optics. Redwire serves a broad customer base that spans civil space agencies, national defense organizations and commercial satellite operators, helping enable missions ranging from communications and Earth observation to deep-space exploration.

Formed through the strategic combination of several specialized space technology firms, Redwire’s portfolio encompasses both flight-proven hardware and cutting-edge in-space manufacturing capabilities.