Wolverine Asset Management LLC Purchases 11,949 Shares of Redwire Co. (NYSE:RDW)

Wolverine Asset Management LLC boosted its holdings in shares of Redwire Co. (NYSE:RDW) by 332.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 15,546 shares of the company’s stock after acquiring an additional 11,949 shares during the period. Wolverine Asset Management LLC’s holdings in Redwire were worth $256,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of RDW. MetLife Investment Management LLC increased its stake in Redwire by 129.1% during the 3rd quarter. MetLife Investment Management LLC now owns 14,058 shares of the company’s stock worth $97,000 after purchasing an additional 7,921 shares in the last quarter. Stifel Financial Corp acquired a new stake in shares of Redwire during the third quarter worth $139,000. Arkadios Wealth Advisors bought a new stake in Redwire in the 4th quarter valued at $165,000. Brookstone Capital Management acquired a new position in Redwire in the 4th quarter worth $329,000. Finally, Penserra Capital Management LLC raised its position in Redwire by 16.5% in the 3rd quarter. Penserra Capital Management LLC now owns 74,626 shares of the company’s stock valued at $512,000 after buying an additional 10,558 shares during the last quarter. Institutional investors and hedge funds own 8.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on RDW shares. B. Riley raised shares of Redwire from a “neutral” rating to a “buy” rating and raised their price target for the stock from $9.50 to $27.00 in a research note on Monday, January 27th. Cantor Fitzgerald assumed coverage on Redwire in a research report on Friday, January 24th. They issued an “overweight” rating and a $28.00 target price on the stock. Roth Mkm increased their price target on Redwire from $10.00 to $13.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Finally, HC Wainwright boosted their price target on Redwire from $18.00 to $26.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $18.04.

Insider Activity

In other Redwire news, major shareholder Park Lp Genesis II sold 10,115 shares of the company’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $24.11, for a total value of $243,872.65. Following the transaction, the insider now directly owns 3,644,566 shares of the company’s stock, valued at $87,870,486.26. This represents a 0.28 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Over the last quarter, insiders have sold 684,454 shares of company stock valued at $13,682,993. 2.60% of the stock is owned by insiders.

Redwire Price Performance

Shares of RDW opened at $17.90 on Monday. The firm has a market capitalization of $1.19 billion, a PE ratio of -14.79 and a beta of 2.23. The company’s 50-day moving average is $18.74 and its 200-day moving average is $12.08. Redwire Co. has a fifty-two week low of $2.89 and a fifty-two week high of $26.66.

Redwire 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.