Redwire Co. (NYSE:RDW) Major Shareholder Park Lp Genesis II Sells 150,000 Shares

Redwire Co. (NYSE:RDW) major shareholder Park Lp Genesis II sold 150,000 shares of the company’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $19.61, for a total value of $2,941,500.00. Following the transaction, the insider now directly owns 4,157,489 shares in the company, valued at approximately $81,528,359.29. The trade was a 3.48 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Park Lp Genesis II also recently made the following trade(s):

• On Monday, January 6th, Park Lp Genesis II sold 100,000 shares of Redwire stock. The stock was sold at an average price of $18.02, for a total value of $1,802,000.00.
• On Friday, January 3rd, Park Lp Genesis II sold 72,415 shares of Redwire stock. The shares were sold at an average price of $17.90, for a total value of $1,296,228.50.
• On Monday, December 30th, Park Lp Genesis II sold 5,371 shares of Redwire stock. The stock was sold at an average price of $18.01, for a total transaction of $96,731.71.
• On Friday, December 27th, Park Lp Genesis II sold 89,870 shares of Redwire stock. The stock was sold at an average price of $16.99, for a total transaction of $1,526,891.30.

Redwire Stock Up 1.8 %

Shares of RDW traded up $0.40 during trading on Thursday, reaching $22.05. 2,366,022 shares of the company traded hands, compared to its average volume of 2,115,814. The stock has a 50-day simple moving average of $14.33 and a 200-day simple moving average of $9.66. The stock has a market cap of $1.47 billion, a PE ratio of -18.22 and a beta of 2.17. Redwire Co. has a twelve month low of $2.76 and a twelve month high of $23.35.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Roth Mkm increased their price target on Redwire from $10.00 to $13.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. HC Wainwright upped their price target on Redwire from $18.00 to $26.00 and gave the company a “buy” rating in a research report on Wednesday. B. Riley cut shares of Redwire from a “buy” rating to a “neutral” rating and increased their price target for the company from $8.00 to $9.50 in a research note on Tuesday, October 29th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $6.00 price target on shares of Redwire in a research report on Monday, September 30th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $11.46.

Institutional Trading of Redwire

A number of institutional investors and hedge funds have recently added to or reduced their stakes in RDW. Arkadios Wealth Advisors purchased a new position in Redwire in the 4th quarter valued at approximately $165,000. The Manufacturers Life Insurance Company purchased a new position in Redwire in the second quarter valued at $74,000. Vontobel Holding Ltd. acquired a new position in Redwire during the 3rd quarter worth $74,000. AQR Capital Management LLC purchased a new stake in Redwire during the 2nd quarter worth about $89,000. Finally, MetLife Investment Management LLC raised its position in Redwire by 129.1% in the 3rd quarter. MetLife Investment Management LLC now owns 14,058 shares of the company’s stock valued at $97,000 after purchasing an additional 7,921 shares in the last quarter. Hedge funds and other institutional investors own 8.10% of the company’s stock.

Redwire Company 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.