Seven Grand Managers LLC Takes $1.52 Million Position in Redwire Corporation $RDW

Seven Grand Managers LLC purchased a new stake in shares of Redwire Corporation (NYSE:RDW) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 200,000 shares of the company’s stock, valued at approximately $1,520,000. Seven Grand Managers LLC owned 0.12% of Redwire at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of RDW. CWM LLC raised its holdings in Redwire by 1,725.0% in the 4th quarter. CWM LLC now owns 4,088 shares of the company’s stock worth $31,000 after purchasing an additional 3,864 shares during the period. Abich Financial Wealth Management LLC bought a new position in Redwire in the 3rd quarter worth $41,000. Russell Investments Group Ltd. raised its holdings in Redwire by 308.6% in the 3rd quarter. Russell Investments Group Ltd. now owns 4,862 shares of the company’s stock worth $44,000 after purchasing an additional 3,672 shares during the period. Caitong International Asset Management Co. Ltd raised its holdings in Redwire by 440.4% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 6,620 shares of the company’s stock worth $60,000 after purchasing an additional 5,395 shares during the period. Finally, Strs Ohio bought a new position in Redwire in the 1st quarter worth $69,000. 8.10% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

RDW has been the topic of a number of recent research reports. Canaccord Genuity Group raised their target price on Redwire from $12.00 to $14.00 and gave the stock a “buy” rating in a report on Monday, May 11th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Redwire in a report on Tuesday, April 21st. Alliance Global Partners reaffirmed a “buy” rating on shares of Redwire in a report on Wednesday, April 22nd. Roth Mkm reaffirmed a “buy” rating and issued a $20.00 target price on shares of Redwire in a report on Wednesday, January 28th. Finally, Zacks Research raised Redwire from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 11th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Redwire currently has an average rating of “Moderate Buy” and an average target price of $14.22.

Redwire Trading Up 9.0%

Shares of Redwire stock opened at $24.02 on Thursday. The firm has a market cap of $4.61 billion, a price-to-earnings ratio of -8.96 and a beta of 2.41. The business has a 50-day moving average price of $11.12 and a 200-day moving average price of $9.38. The company has a quick ratio of 1.37, a current ratio of 1.75 and a debt-to-equity ratio of 0.08. Redwire Corporation has a twelve month low of $4.87 and a twelve month high of $24.92.

Redwire (NYSE:RDW) last issued its quarterly earnings data on Wednesday, May 6th. The company reported ($0.40) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.24). The firm had revenue of $96.97 million for the quarter, compared to analysts’ expectations of $105.94 million. Redwire had a negative net margin of 80.90% and a negative return on equity of 11.68%. The company’s revenue for the quarter was up 57.9% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.09) EPS. Equities research analysts anticipate that Redwire Corporation will post -0.7 EPS for the current fiscal year.

Insider Buying and Selling at Redwire

In other news, Director Ae Red Holdings, Llc sold 7,500,000 shares of the firm’s stock in a transaction dated Tuesday, March 24th. The stock was sold at an average price of $9.15, for a total transaction of $68,625,000.00. Following the completion of the transaction, the director owned 36,135,217 shares in the company, valued at $330,637,235.55. This trade represents a 17.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders sold a total of 23,327,795 shares of company stock worth $228,806,188 in the last ninety days. Company insiders own 0.79% of the company’s stock.

About Redwire

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.