GSA Capital Partners LLP Purchases 268,802 Shares of Blade Air Mobility, Inc. (NASDAQ:BLDE)

GSA Capital Partners LLP lifted its position in shares of Blade Air Mobility, Inc. (NASDAQ:BLDE) by 245.6% during the third quarter, HoldingsChannel reports. The firm owned 378,240 shares of the company’s stock after buying an additional 268,802 shares during the quarter. GSA Capital Partners LLP’s holdings in Blade Air Mobility were worth $1,112,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. bought a new position in Blade Air Mobility during the first quarter worth about $66,000. Vanguard Group Inc. raised its position in shares of Blade Air Mobility by 1.0% during the first quarter. Vanguard Group Inc. now owns 2,967,500 shares of the company’s stock worth $8,457,000 after purchasing an additional 28,622 shares during the period. AWM Investment Company Inc. lifted its holdings in shares of Blade Air Mobility by 53.8% during the 1st quarter. AWM Investment Company Inc. now owns 2,136,378 shares of the company’s stock valued at $6,089,000 after purchasing an additional 747,743 shares in the last quarter. B. Riley Wealth Advisors Inc. grew its position in shares of 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 during the period. Finally, Tidal Investments LLC bought a new stake in Blade Air Mobility during the 1st quarter worth approximately $1,721,000. Institutional investors and hedge funds own 47.36% of the company’s stock.

Insider Activity

In other news, General Counsel Melissa M. Tomkiel sold 44,621 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $3.40, for a total transaction of $151,711.40. Following the completion of the transaction, the general counsel now directly owns 1,173,003 shares of the company’s stock, valued at $3,988,210.20. This trade represents a 3.66 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold a total of 57,253 shares of company stock worth $187,713 over the last three months. Corporate insiders own 17.50% of the company’s stock.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. lifted their price target on shares of Blade Air Mobility from $5.00 to $6.00 and gave the company an “overweight” rating in a research note on Tuesday, October 29th.

Blade Air Mobility Trading Down 6.6 %

Shares of NASDAQ BLDE opened at $3.42 on Friday. The company has a fifty day moving average price of $3.40 and a 200 day moving average price of $3.30. The firm has a market cap of $266.52 million, a PE ratio of -4.96 and a beta of 1.05. Blade Air Mobility, Inc. has a 1-year low of $2.45 and a 1-year high of $4.24.

About Blade Air Mobility

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.