Trivest Advisors Ltd Acquires New Shares in Redwire Corporation $RDW

Trivest Advisors Ltd bought a new position in shares of Redwire Corporation (NYSE:RDW) during the first quarter, HoldingsChannel.com reports. The firm bought 635,000 shares of the company’s stock, valued at approximately $5,398,000. Redwire makes up about 0.4% of Trivest Advisors Ltd’s portfolio, making the stock its 26th biggest position.

Other institutional investors also recently modified their holdings of the company. Farther Finance Advisors LLC increased its stake in shares of Redwire by 4.4% in the 4th quarter. Farther Finance Advisors LLC now owns 20,897 shares of the company’s stock valued at $159,000 after acquiring an additional 877 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in Redwire by 32.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 6,279 shares of the company’s stock worth $102,000 after acquiring an additional 1,533 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in Redwire by 12.0% during the 2nd quarter. BNP Paribas Financial Markets now owns 30,396 shares of the company’s stock worth $495,000 after acquiring an additional 3,248 shares during the last quarter. Sunbelt Securities Inc. grew its holdings in Redwire by 601.1% during the fourth quarter. Sunbelt Securities Inc. now owns 3,961 shares of the company’s stock valued at $30,000 after purchasing an additional 3,396 shares during the period. Finally, Rockefeller Capital Management L.P. grew its holdings in Redwire by 1,054.0% during the fourth quarter. Rockefeller Capital Management L.P. now owns 4,016 shares of the company’s stock valued at $31,000 after purchasing an additional 3,668 shares during the period. 8.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

RDW has been the subject of several recent analyst reports. Truist Financial raised shares of Redwire to a “strong-buy” rating in a research note on Friday, May 1st. Jefferies Financial Group raised shares of Redwire to a “hold” rating in a report on Wednesday, June 10th. Alliance Global Partners restated a “buy” rating on shares of Redwire in a research report on Wednesday, April 22nd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Redwire in a research note on Tuesday, April 21st. Finally, Wall Street Zen lowered Redwire from a “hold” rating to a “sell” rating in a report on Saturday, July 4th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $15.44.

Redwire Price Performance

Shares of RDW opened at $8.46 on Monday. The stock has a 50 day simple moving average of $14.40 and a 200 day simple moving average of $11.37. Redwire Corporation has a 52-week low of $4.87 and a 52-week high of $26.64. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.37 and a current ratio of 1.75. The firm has a market capitalization of $2.02 billion, a PE ratio of -3.16 and a beta of 3.01.

Redwire (NYSE:RDW) last announced its earnings results on Wednesday, May 6th. The company reported ($0.40) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.24). Redwire had a negative return on equity of 11.68% and a negative net margin of 80.90%.The company had revenue of $96.97 million for the quarter, compared to analyst estimates of $105.94 million. During the same quarter last year, the business posted ($0.09) earnings per share. The business’s quarterly revenue was up 57.9% on a year-over-year basis. Sell-side analysts predict that Redwire Corporation will post -0.81 EPS for the current fiscal year.

Insider Activity

In other news, Director Ae Red Holdings, Llc sold 1,070,565 shares of the stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $21.48, for a total transaction of $22,995,736.20. Following the completion of the sale, the director owned 1,077,419 shares of the company’s stock, valued at $23,142,960.12. This 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 is available at this hyperlink. 0.79% of the stock is owned by corporate insiders.

Redwire Profile

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.