Boston Partners Raises Stake in Blade Air Mobility, Inc. $BLDE

Boston Partners raised its position in Blade Air Mobility, Inc. (NASDAQ:BLDE - Free Report) by 88.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 387,609 shares of the company's stock after purchasing an additional 181,819 shares during the quarter. Boston Partners owned about 0.49% of Blade Air Mobility worth $1,058,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of BLDE. Wells Fargo & Company MN boosted its holdings in Blade Air Mobility by 27.8% in the 4th quarter. Wells Fargo & Company MN now owns 34,058 shares of the company's stock valued at $145,000 after purchasing an additional 7,418 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of Blade Air Mobility by 28.7% in the 4th quarter. Renaissance Technologies LLC now owns 383,186 shares of the company's stock valued at $1,629,000 after acquiring an additional 85,486 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of Blade Air Mobility in the 4th quarter valued at approximately $833,000. Barclays PLC raised its stake in shares of Blade Air Mobility by 8.1% in the 4th quarter. Barclays PLC now owns 179,591 shares of the company's stock valued at $763,000 after acquiring an additional 13,437 shares during the period. Finally, Jump Financial LLC purchased a new stake in shares of Blade Air Mobility in the 4th quarter valued at approximately $794,000. 47.36% of the stock is currently owned by institutional investors and hedge funds.

Blade Air Mobility Stock Performance

Shares of Blade Air Mobility stock traded up $0.1650 on Friday, reaching $4.4050. The company had a trading volume of 373,005 shares, compared to its average volume of 860,770. The firm's 50 day moving average price is $4.12 and its two-hundred day moving average price is $3.51. The firm has a market cap of $359.89 million, a PE ratio of -18.35 and a beta of 1.69. Blade Air Mobility, Inc. has a 52-week low of $2.35 and a 52-week high of $5.17.

Blade Air Mobility (NASDAQ:BLDE - Get Free Report) last announced its earnings results on Tuesday, August 5th. The company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.01). Blade Air Mobility had a negative return on equity of 8.45% and a negative net margin of 7.46%.The business had revenue of $70.80 million for the quarter, compared to analysts' expectations of $64.09 million. Blade Air Mobility has set its FY 2025 guidance at EPS. As a group, sell-side analysts predict that Blade Air Mobility, Inc. will post -0.35 EPS for the current year.

Insider Buying and Selling

In related news, General Counsel Melissa M. Tomkiel sold 47,995 shares of the stock in a transaction on Monday, August 4th. The shares were sold at an average price of $4.94, for a total transaction of $237,095.30. Following the completion of the sale, the general counsel owned 1,148,834 shares in the company, valued at $5,675,239.96. This represents a 4.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO William A. Heyburn sold 46,918 shares of the firm's stock in a transaction on Monday, August 4th. The stock was sold at an average price of $4.94, for a total transaction of $231,774.92. Following the completion of the sale, the chief financial officer owned 1,340,845 shares of the company's stock, valued at $6,623,774.30. This trade represents a 3.38% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 294,913 shares of company stock worth $1,283,870. Insiders own 17.50% of the company's stock.

Blade Air Mobility Profile

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.