United Capital Management of KS Inc. Grows Stock Holdings in Red Cat Holdings, Inc. (NASDAQ:RCAT)

United Capital Management of KS Inc. raised its stake in Red Cat Holdings, Inc. (NASDAQ:RCAT) by 7.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 45,650 shares of the company’s stock after buying an additional 3,150 shares during the period. United Capital Management of KS Inc. owned about 0.06% of Red Cat worth $587,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in the stock. Gladstone Institutional Advisory LLC boosted its position in Red Cat by 34.0% in the 4th quarter. Gladstone Institutional Advisory LLC now owns 13,400 shares of the company’s stock valued at $172,000 after buying an additional 3,400 shares during the period. SBI Securities Co. Ltd. bought a new stake in shares of Red Cat in the 4th quarter valued at about $60,000. Jones Financial Companies Lllp raised its holdings in shares of Red Cat by 1,536.6% in the 4th quarter. Jones Financial Companies Lllp now owns 8,887 shares of the company’s stock valued at $114,000 after purchasing an additional 8,344 shares in the last quarter. Daiwa Securities Group Inc. bought a new stake in shares of Red Cat in the 4th quarter valued at about $118,000. Finally, Sanctuary Advisors LLC bought a new stake in shares of Red Cat in the 3rd quarter valued at about $25,000. 37.97% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

RCAT has been the subject of several recent research reports. Northland Capmk upgraded shares of Red Cat to a “strong-buy” rating in a report on Monday, March 10th. Northland Securities initiated coverage on shares of Red Cat in a report on Tuesday. They issued an “outperform” rating and a $13.00 price target for the company.

Insider Buying and Selling

In other Red Cat news, Director Nicholas Reyland Liuzza, Jr. sold 328,928 shares of the business’s 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 sale, the director now owns 681,072 shares of the company’s stock, valued at approximately $5,646,086.88. The trade was a 32.57 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider George Michael Matus sold 112,686 shares of the business’s stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $9.20, for a total transaction of $1,036,711.20. Following the sale, the insider now directly owns 973,103 shares in the company, valued at approximately $8,952,547.60. This represents a 10.38 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,930,441 shares of company stock worth $21,099,751 in the last 90 days. 21.50% of the stock is owned by corporate insiders.

Red Cat Trading Up 15.0 %

NASDAQ RCAT opened at $5.66 on Friday. The company has a quick ratio of 0.60, a current ratio of 1.43 and a debt-to-equity ratio of 0.30. The firm has a market cap of $453.71 million, a PE ratio of -10.48 and a beta of 1.32. The company has a 50 day moving average price of $8.44 and a 200 day moving average price of $6.55. Red Cat Holdings, Inc. has a 52 week low of $0.70 and a 52 week high of $15.27.

Red Cat (NASDAQ:RCAT) last posted its quarterly earnings data 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 business posted ($0.11) EPS. As a group, sell-side analysts forecast that Red Cat Holdings, Inc. will post -0.5 EPS for the current fiscal year.

Red Cat Profile

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.