16,888 Shares in Redwire Co. (NYSE:RDW) Bought by Proficio Capital Partners LLC

Proficio Capital Partners LLC bought a new position in shares of Redwire Co. (NYSE:RDW) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 16,888 shares of the company’s stock, valued at approximately $278,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Bank of New York Mellon Corp lifted its position in Redwire by 6.9% in the fourth quarter. Bank of New York Mellon Corp now owns 52,170 shares of the company’s stock valued at $859,000 after acquiring an additional 3,357 shares during the last quarter. MetLife Investment Management LLC lifted its position in Redwire by 129.1% in the third quarter. MetLife Investment Management LLC now owns 14,058 shares of the company’s stock valued at $97,000 after acquiring an additional 7,921 shares during the last quarter. Arkadios Wealth Advisors purchased a new stake in Redwire in the fourth quarter valued at $165,000. Penserra Capital Management LLC lifted its position in Redwire by 16.5% in the third quarter. Penserra Capital Management LLC now owns 74,626 shares of the company’s stock valued at $512,000 after acquiring an additional 10,558 shares during the last quarter. Finally, Wolverine Asset Management LLC lifted its position in Redwire by 332.2% in the fourth quarter. Wolverine Asset Management LLC now owns 15,546 shares of the company’s stock valued at $256,000 after acquiring an additional 11,949 shares during the last quarter. Institutional investors and hedge funds own 8.10% of the company’s stock.

Insider Activity

In other news, major shareholder Park Lp Genesis II sold 89,870 shares of the business’s stock in a transaction dated Friday, December 27th. The shares were sold at an average price of $16.99, for a total transaction of $1,526,891.30. Following the transaction, the insider now directly owns 4,603,427 shares in the company, valued at $78,212,224.73. The trade was a 1.91 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Over the last three months, insiders sold 684,454 shares of company stock valued at $13,682,993. Insiders own 2.60% of the company’s stock.

Redwire Stock Performance

Shares of NYSE:RDW opened at $10.30 on Wednesday. The company has a 50-day simple moving average of $18.33 and a 200-day simple moving average of $12.69. Redwire Co. has a one year low of $3.01 and a one year high of $26.66. The stock has a market capitalization of $685.04 million, a price-to-earnings ratio of -8.51 and a beta of 2.33.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on RDW shares. HC Wainwright boosted their price target on shares of Redwire from $18.00 to $26.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd. B. Riley raised shares of Redwire from a “neutral” rating to a “buy” rating and boosted their price target for the company from $9.50 to $27.00 in a research report on Monday, January 27th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $28.00 target price on shares of Redwire in a report on Tuesday. Six analysts have rated the stock with a buy rating, According to MarketBeat, Redwire presently has a consensus rating of “Buy” and an average price target of $18.04.

Redwire 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.