331,635 Shares in Red Cat Holdings, Inc. (NASDAQ:RCAT) Acquired by Captrust Financial Advisors

Captrust Financial Advisors bought a new stake in shares of Red Cat Holdings, Inc. (NASDAQ:RCAT - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 331,635 shares of the company's stock, valued at approximately $4,262,000. Captrust Financial Advisors owned about 0.41% of Red Cat as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Twin Tree Management LP bought a new stake in Red Cat during the 4th quarter valued at approximately $28,000. Bank of America Corp DE increased its stake in shares of Red Cat by 407.0% in the 4th quarter. Bank of America Corp DE now owns 3,397 shares of the company's stock valued at $44,000 after buying an additional 2,727 shares during the period. Mark Sheptoff Financial Planning LLC acquired a new stake in shares of Red Cat during the fourth quarter worth $48,000. SBI Securities Co. Ltd. bought a new position in Red Cat during the fourth quarter worth about $60,000. Finally, Jones Financial Companies Lllp lifted its holdings in Red Cat by 1,536.6% during the fourth quarter. Jones Financial Companies Lllp now owns 8,887 shares of the company's stock worth $114,000 after acquiring an additional 8,344 shares in the last quarter. 37.97% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently issued reports on RCAT. Northland Capmk upgraded Red Cat to a "strong-buy" rating in a report on Monday, March 10th. Northland Securities assumed coverage on Red Cat in a research report on Tuesday, March 11th. They set an "outperform" rating and a $13.00 target price for the company.

Red Cat Stock Up 3.7%

RCAT stock traded up $0.23 during mid-day trading on Tuesday, reaching $6.38. 5,845,710 shares of the company traded hands, compared to its average volume of 4,423,870. The stock has a market cap of $577.49 million, a price-to-earnings ratio of -11.81 and a beta of 1.37. The company has a quick ratio of 0.60, a current ratio of 1.43 and a debt-to-equity ratio of 0.30. Red Cat Holdings, Inc. has a fifty-two week low of $0.80 and a fifty-two week high of $15.27. The firm's 50 day moving average price is $5.69 and its 200 day moving average price is $7.42.

Red Cat Company Profile

Red Cat Holdings, Inc engages in the provision of various products, services, and solutions to the drone industry. The company operates through two segments: Enterprise and Consumer. It built infrastructure to manages drone fleets and fly, and provide services remotely, navigate confined industrial interior spaces and dangerous military environment.