Redwire Co. (NYSE:RDW) Director Leslie B. Daniels Purchases 5,000 Shares

Redwire Co. (NYSE:RDW – Get Rating) Director Leslie B. Daniels acquired 5,000 shares of the company’s stock in a transaction that occurred on Friday, May 20th. The shares were bought at an average cost of $3.90 per share, for a total transaction of $19,500.00. Following the transaction, the director now owns 47,500 shares of the company’s stock, valued at $185,250. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

NYSE RDW traded down $0.19 during trading on Tuesday, hitting $3.56. The company’s stock had a trading volume of 262,862 shares, compared to its average volume of 518,012. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.81 and a quick ratio of 1.06. The business’s 50 day simple moving average is $6.13 and its 200-day simple moving average is $6.65. Redwire Co. has a fifty-two week low of $3.36 and a fifty-two week high of $16.98.

Redwire (NYSE:RDW – Get Rating) last issued its quarterly earnings results on Thursday, May 12th. The company reported ($0.24) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.15). The business had revenue of $32.87 million during the quarter, compared to analyst estimates of $40.00 million. As a group, equities analysts expect that Redwire Co. will post -0.29 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently modified their holdings of the business. Northern Trust Corp lifted its holdings in shares of Redwire by 12.0% during the first quarter. Northern Trust Corp now owns 30,354 shares of the company’s stock worth $257,000 after purchasing an additional 3,263 shares during the period. Wolverine Asset Management LLC lifted its holdings in shares of Redwire by 53.8% during the fourth quarter. Wolverine Asset Management LLC now owns 12,691 shares of the company’s stock worth $85,000 after purchasing an additional 4,439 shares during the period. Bank of America Corp DE lifted its holdings in shares of Redwire by 514.3% during the fourth quarter. Bank of America Corp DE now owns 5,400 shares of the company’s stock worth $36,000 after purchasing an additional 4,521 shares during the period. Citigroup Inc. acquired a new stake in shares of Redwire during the first quarter worth about $52,000. Finally, Charles Schwab Investment Management Inc. acquired a new stake in shares of Redwire during the first quarter worth about $88,000. 8.76% of the stock is owned by institutional investors and hedge funds.

Separately, Zacks Investment Research downgraded Redwire from a “hold” rating to a “sell” rating in a report on Saturday.

Redwire Company Profile (Get Rating)

Redwire Corporation, a space infrastructure company, develops, manufactures, and sells mission critical space solutions and components for national security, civil, and commercial markets in the United States, Luxembourg, Germany, Japan, South Korea, Poland, Taiwan, and France. The company provides a variety of antennas; and advanced sensors and components, which includes solar arrays, composite booms, RF antennas, payload adapters, space-qualifies camera systems, and star trackers and sun sensors.

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