Register Financial Advisors LLC Purchases 104,597 Shares of Redwire Corporation $RDW

Register Financial Advisors LLC increased its holdings in Redwire Corporation (NYSE:RDW) by 46.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 327,900 shares of the company’s stock after acquiring an additional 104,597 shares during the period. Redwire comprises 1.2% of Register Financial Advisors LLC’s investment portfolio, making the stock its 18th biggest holding. Register Financial Advisors LLC’s holdings in Redwire were worth $2,948,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Ameritas Advisory Services LLC bought a new position in shares of Redwire during the second quarter valued at about $54,000. Strs Ohio bought a new position in shares of Redwire during the 1st quarter worth approximately $69,000. State of Alaska Department of Revenue purchased a new position in shares of Redwire in the 3rd quarter worth approximately $77,000. Tower Research Capital LLC TRC increased its position in shares of Redwire by 32.3% during the second quarter. Tower Research Capital LLC TRC now owns 6,279 shares of the company’s stock valued at $102,000 after acquiring an additional 1,533 shares during the last quarter. Finally, Police & Firemen s Retirement System of New Jersey increased its position in shares of Redwire by 71.2% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 7,724 shares of the company’s stock valued at $126,000 after acquiring an additional 3,213 shares during the last quarter. 8.10% of the stock is owned by institutional investors.

Insider Transactions at Redwire

In other Redwire news, CEO Peter Anthony Cannito, Jr. bought 32,155 shares of the company’s stock in a transaction dated Monday, November 10th. The shares were purchased at an average price of $6.21 per share, for a total transaction of $199,682.55. Following the acquisition, the chief executive officer owned 526,728 shares in the company, valued at approximately $3,270,980.88. This represents a 6.50% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Aaron Michael Futch acquired 18,410 shares of the business’s stock in a transaction on Friday, November 14th. The stock was acquired at an average price of $5.45 per share, for a total transaction of $100,334.50. Following the acquisition, the executive vice president owned 88,704 shares of the company’s stock, valued at approximately $483,436.80. This trade represents a 26.19% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders have purchased 56,065 shares of company stock worth $330,047 and have sold 23,953,093 shares worth $252,001,857. 2.60% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

RDW has been the subject of several research reports. Bank of America reduced their price target on shares of Redwire from $9.00 to $6.00 and set an “underperform” rating for the company in a research report on Wednesday, November 19th. Canaccord Genuity Group dropped their price objective on Redwire from $17.50 to $11.00 and set a “buy” rating on the stock in a research note on Wednesday, November 12th. Alliance Global Partners reissued a “buy” rating on shares of Redwire in a research report on Thursday, November 6th. Cantor Fitzgerald dropped their price objective on shares of Redwire from $20.00 to $9.00 and set an “overweight” rating on the stock in a report on Wednesday, December 10th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Redwire in a research note on Wednesday, October 8th. Six research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $13.13.

Redwire Trading Down 9.5%

Shares of RDW stock opened at $10.60 on Wednesday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.41 and a quick ratio of 1.05. The business has a 50-day moving average of $7.55 and a 200 day moving average of $9.43. The stock has a market capitalization of $1.75 billion, a PE ratio of -3.34 and a beta of 2.44. Redwire Corporation has a 1-year low of $4.87 and a 1-year high of $26.66.

Redwire (NYSE:RDW) last posted its earnings results on Wednesday, November 5th. The company reported ($0.29) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by ($0.15). Redwire had a negative return on equity of 16.24% and a negative net margin of 70.32%.The business had revenue of $103.43 million during the quarter, compared to the consensus estimate of $132.05 million. As a group, sell-side analysts anticipate that Redwire Corporation will post -0.85 earnings per share for the current year.

Redwire Profile

Redwire Corporation is a space infrastructure company specializing in the design, engineering and manufacturing of mission-critical hardware and software for the spaceflight industry. The company’s offerings include deployable structures, solar power systems, radio frequency antennas, advanced composites and transparent optics. Redwire serves a broad customer base that spans civil space agencies, national defense organizations and commercial satellite operators, helping enable missions ranging from communications and Earth observation to deep-space exploration.

Formed through the strategic combination of several specialized space technology firms, Redwire’s portfolio encompasses both flight-proven hardware and cutting-edge in-space manufacturing capabilities.