First Wilshire Securities Management Inc. Invests $578,000 in Terran Orbital Co. (NYSE:LLAP)

First Wilshire Securities Management Inc. acquired a new position in shares of Terran Orbital Co. (NYSE:LLAP - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 694,133 shares of the company's stock, valued at approximately $578,000. First Wilshire Securities Management Inc. owned about 0.40% of Terran Orbital as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of LLAP. LPL Financial LLC bought a new position in Terran Orbital in the third quarter valued at about $25,000. Penserra Capital Management LLC bought a new position in Terran Orbital in the first quarter valued at about $29,000. Legato Capital Management LLC raised its position in Terran Orbital by 80.6% in the third quarter. Legato Capital Management LLC now owns 35,903 shares of the company's stock valued at $30,000 after purchasing an additional 16,025 shares during the last quarter. American International Group Inc. raised its position in Terran Orbital by 71.1% in the fourth quarter. American International Group Inc. now owns 19,454 shares of the company's stock valued at $31,000 after purchasing an additional 8,084 shares during the last quarter. Finally, Gabelli Funds LLC bought a new position in Terran Orbital in the first quarter valued at about $32,000. 92.74% of the stock is currently owned by institutional investors.

Terran Orbital Price Performance

Terran Orbital stock traded down $0.01 during midday trading on Friday, hitting $1.07. 240,887 shares of the company's stock were exchanged, compared to its average volume of 3,218,956. Terran Orbital Co. has a 52-week low of $0.62 and a 52-week high of $2.53. The stock has a 50-day moving average price of $0.96 and a two-hundred day moving average price of $0.95.

Analyst Ratings Changes

Several brokerages have recently weighed in on LLAP. HC Wainwright decreased their price target on Terran Orbital from $5.00 to $3.00 and set a "buy" rating for the company in a research note on Wednesday, November 15th. B. Riley cut Terran Orbital from a "buy" rating to a "neutral" rating and decreased their target price for the stock from $2.50 to $1.35 in a research note on Monday, January 8th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $5.45.

About Terran Orbital

Terran Orbital Corporation manufactures and sells satellites for aerospace and defense industry in the United States. It operates through two segments, Satellite Solutions and Earth Observation Solutions. The Satellite Solutions segment offers end-to-end satellite solutions, including spacecraft design, development, launch services, and on-orbit operations for critical missions across a range of applications in various orbits to governmental agencies and commercial businesses.

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