EAM Global Investors LLC Purchases Shares of 284,894 Redwire Co. (NYSE:RDW)

EAM Global Investors LLC purchased a new position in shares of Redwire Co. (NYSE:RDW) during the 4th quarter, Holdings Channel.com reports. The fund purchased 284,894 shares of the company’s stock, valued at approximately $4,689,000.

Other hedge funds have also recently made changes to their positions in the company. EAM Investors LLC grew its holdings in shares of Redwire by 254.6% during the 4th quarter. EAM Investors LLC now owns 232,903 shares of the company’s stock valued at $3,834,000 after purchasing an additional 167,219 shares during the last quarter. XTX Topco Ltd purchased a new stake in Redwire during the fourth quarter valued at about $467,000. Barclays PLC grew its stake in shares of Redwire by 6.5% during the fourth quarter. Barclays PLC now owns 1,258,366 shares of the company’s stock valued at $20,713,000 after buying an additional 77,228 shares during the last quarter. Summit Investment Advisors Inc. increased its holdings in shares of Redwire by 64.2% in the fourth quarter. Summit Investment Advisors Inc. now owns 2,382 shares of the company’s stock worth $39,000 after buying an additional 931 shares during the period. Finally, Neuberger Berman Group LLC lifted its stake in shares of Redwire by 81.4% in the 4th quarter. Neuberger Berman Group LLC now owns 45,934 shares of the company’s stock valued at $756,000 after acquiring an additional 20,612 shares during the last quarter. 8.10% of the stock is currently owned by institutional investors.

Redwire Stock Up 11.6 %

NYSE:RDW opened at $10.13 on Wednesday. The firm’s fifty day simple moving average is $13.36 and its 200 day simple moving average is $13.21. The stock has a market cap of $765.86 million, a P/E ratio of -8.38 and a beta of 2.51. Redwire Co. has a twelve month low of $3.39 and a twelve month high of $26.66.

Analyst Ratings Changes

Several equities analysts recently issued reports on RDW shares. B. Riley reduced their price target on Redwire from $27.00 to $25.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 12th. HC Wainwright restated a “buy” rating and issued a $26.00 target price on shares of Redwire in a report on Wednesday, March 12th. Alliance Global Partners reiterated a “buy” rating on shares of Redwire in a report on Tuesday, March 11th. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $28.00 price target on shares of Redwire in a research report on Tuesday, March 11th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Redwire currently has an average rating of “Moderate Buy” and an average price target of $17.71.

Insider Transactions at Redwire

In related news, major shareholder Park Lp Genesis II sold 10,115 shares of Redwire stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $24.11, for a total transaction of $243,872.65. Following the sale, the insider now directly owns 3,644,566 shares in the company, valued at $87,870,486.26. The trade was a 0.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last ninety days, insiders sold 416,798 shares of company stock valued at $8,961,141. Company insiders own 2.60% of the company’s stock.

Redwire Company Profile

Redwire Corporation provides critical space solutions and space infrastructure for government and commercial customers in the United States, Europe, and internationally. The company provides avionics and sensors including star trackers, sun sensors, critical for navigation, and control of spacecraft; camera systems; solar array solutions for spacecraft spanning the spectrum of size, power needs, and orbital location; and strain composite booms, coilable booms, truss structures, telescope baffles, and deployable booms to position sensors or solar arrays away from the spacecraft.