Redwire Corporation $RDW Shares Purchased by Algert Global LLC

Key Points

• Algert Global increased its Redwire stake by 247.6% in the second quarter, acquiring 125,270 additional shares and holding 175,870 shares worth approximately $2.15 million. Institutional investors and hedge funds collectively own 8.10% of the company.
• Redwire reported quarterly revenue of $117.07 million, exceeding estimates of $107.10 million, while adjusted EPS of $(0.09) beat expectations of $(0.16). The company remains unprofitable, with a negative net margin of 57.26%.
• Analyst sentiment is mixed: Redwire has an average rating of “Hold” and an average price target of $14.44, while shares recently opened at $10.92. An insider also sold 1.07 million shares for roughly $23.0 million.

Algert Global LLC increased its stake in shares of Redwire Corporation (NYSE:RDW - Free Report) by 247.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 175,870 shares of the company's stock after buying an additional 125,270 shares during the period. Algert Global LLC owned about 0.07% of Redwire worth $2,151,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Parallel Advisors LLC acquired a new position in Redwire during the first quarter worth $28,000. KBC Group NV acquired a new stake in Redwire in the first quarter valued at $29,000. Sunbelt Securities Inc. increased its position in shares of Redwire by 601.1% in the fourth quarter. Sunbelt Securities Inc. now owns 3,961 shares of the company's stock valued at $30,000 after buying an additional 3,396 shares in the last quarter. Rockefeller Capital Management L.P. raised its stake in shares of Redwire by 1,054.0% during the 4th quarter. Rockefeller Capital Management L.P. now owns 4,016 shares of the company's stock worth $31,000 after buying an additional 3,668 shares during the last quarter. Finally, CWM LLC boosted its position in shares of 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 buying an additional 3,864 shares in the last quarter. 8.10% of the stock is currently owned by institutional investors and hedge funds.

Redwire Stock Down 3.1%

RDW opened at $10.92 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.92 and a quick ratio of 3.48. The stock has a market capitalization of $2.73 billion, a price-to-earnings ratio of -7.48 and a beta of 3.05. The business has a 50-day moving average of $10.89 and a two-hundred day moving average of $11.43. Redwire Corporation has a 12 month low of $4.87 and a 12 month high of $26.64.

Redwire (NYSE:RDW - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The company reported ($0.09) EPS for the quarter, beating analysts' consensus estimates of ($0.16) by $0.07. Redwire had a negative net margin of 57.26% and a negative return on equity of 11.02%. The company had revenue of $117.07 million during the quarter, compared to the consensus estimate of $107.10 million. On average, research analysts expect that Redwire Corporation will post -0.68 earnings per share for the current year.

Insider Activity

In related news, Director Ae Red Holdings, Llc sold 1,070,565 shares of Redwire stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $21.48, for a total value of $22,995,736.20. Following the transaction, the director owned 1,077,419 shares in the company, valued at approximately $23,142,960.12. This trade represents a 49.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.79% of the stock is owned by corporate insiders.

Analyst Ratings Changes

RDW has been the subject of several recent research reports. Weiss Ratings restated a "sell (d-)" rating on shares of Redwire in a report on Friday, July 17th. Alliance Global Partners reissued a "buy" rating on shares of Redwire in a research note on Thursday, August 6th. Jefferies Financial Group set a $15.00 price target on Redwire in a research report on Sunday, August 9th. Cantor Fitzgerald boosted their price target on Redwire from $9.00 to $13.50 and gave the stock an "overweight" rating in a report on Wednesday, August 5th. Finally, Wall Street Zen upgraded Redwire from a "sell" rating to a "hold" rating in a research report on Saturday, August 8th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $14.44.

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.

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