Sei Investments Co. Invests $38,000 in Blade Air Mobility, Inc. (NASDAQ:BLDE)

Sei Investments Co. purchased a new position in shares of Blade Air Mobility, Inc. (NASDAQ:BLDE) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 10,945 shares of the company’s stock, valued at approximately $38,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of BLDE. CWM LLC raised its holdings in shares of Blade Air Mobility by 764.5% during the second quarter. CWM LLC now owns 7,374 shares of the company’s stock valued at $26,000 after acquiring an additional 6,521 shares during the last quarter. 1620 Investment Advisors Inc. acquired a new position in Blade Air Mobility in the 2nd quarter valued at $50,000. B. Riley Wealth Advisors Inc. lifted its holdings in 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 in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Blade Air Mobility during the 1st quarter worth $66,000. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd purchased a new stake in shares of Blade Air Mobility during the second quarter worth $81,000. 47.36% of the stock is owned by hedge funds and other institutional investors.

Blade Air Mobility Stock Up 2.3 %

Shares of NASDAQ BLDE opened at $3.52 on Friday. The firm has a 50-day simple moving average of $3.09 and a 200-day simple moving average of $3.26. The stock has a market capitalization of $274.31 million, a price-to-earnings ratio of -5.33 and a beta of 1.09. Blade Air Mobility, Inc. has a 52 week low of $2.06 and a 52 week high of $4.24.

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

Blade Air Mobility Profile

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.