32,913 Shares in Red Cat Holdings, Inc. (NASDAQ:RCAT) Acquired by N.E.W. Advisory Services LLC

N.E.W. Advisory Services LLC bought a new stake in shares of Red Cat Holdings, Inc. (NASDAQ:RCAT) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 32,913 shares of the company’s stock, valued at approximately $423,000.

Several other institutional investors also recently bought and sold shares of the company. Regency Capital Management Inc. DE purchased a new stake in shares of Red Cat during the 4th quarter valued at $130,000. Myecfo LLC acquired a new position in Red Cat during the 4th quarter valued at about $193,000. Kieckhefer Group LLC purchased a new stake in Red Cat in the fourth quarter valued at about $296,000. Sanctuary Advisors LLC acquired a new stake in Red Cat in the third quarter worth about $25,000. Finally, Wolverine Trading LLC purchased a new stake in shares of Red Cat during the third quarter worth about $233,000. 37.97% of the stock is currently owned by institutional investors and hedge funds.

Red Cat Price Performance

Shares of Red Cat stock opened at $8.79 on Friday. The company has a 50 day moving average price of $10.02 and a 200 day moving average price of $5.47. The company has a quick ratio of 0.60, a current ratio of 1.43 and a debt-to-equity ratio of 0.30. Red Cat Holdings, Inc. has a 52 week low of $0.56 and a 52 week high of $15.27.

Red Cat (NASDAQ:RCAT) last posted its quarterly earnings results on Monday, December 16th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.27). Red Cat had a negative return on equity of 96.00% and a negative net margin of 232.62%. During the same quarter in the previous year, the firm posted ($0.11) earnings per share. As a group, equities research analysts predict that Red Cat Holdings, Inc. will post -0.5 earnings per share for the current fiscal year.

Insider Buying and Selling at Red Cat

In other Red Cat news, CEO Jeffrey M. Thompson sold 392,551 shares of Red Cat stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $11.34, for a total transaction of $4,451,528.34. Following the completion of the transaction, the chief executive officer now owns 13,121,898 shares in the company, valued at approximately $148,802,323.32. This trade represents a 2.90 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Nicholas Reyland Liuzza, Jr. sold 328,928 shares of the company’s stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $8.29, for a total value of $2,726,813.12. Following the completion of the sale, the director now owns 681,072 shares in the company, valued at $5,646,086.88. The trade was a 32.57 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,930,441 shares of company stock worth $21,099,751. 21.50% of the stock is currently owned by insiders.

Red Cat Profile

Red Cat Holdings, Inc engages in the provision of various products, services, and solutions to the drone industry. The company operates through two segments: Enterprise and Consumer. It built infrastructure to manages drone fleets and fly, and provide services remotely, navigate confined industrial interior spaces and dangerous military environment.