Redwire Co. (NYSE:RDW) Major Shareholder Park Lp Genesis II Sells 50,000 Shares of Stock

Redwire Co. (NYSE:RDW) major shareholder Park Lp Genesis II sold 50,000 shares of the stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $23.20, for a total transaction of $1,160,000.00. Following the transaction, the insider now owns 3,754,041 shares in the company, valued at approximately $87,093,751.20. This trade represents a 1.31 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Park Lp Genesis II also recently made the following trade(s):

• On Monday, January 27th, Park Lp Genesis II sold 100,000 shares of Redwire stock. The shares were sold at an average price of $22.73, for a total transaction of $2,273,000.00.
• On Thursday, January 23rd, Park Lp Genesis II sold 100,000 shares of Redwire stock. The shares were sold at an average price of $21.92, for a total transaction of $2,192,000.00.
• On Tuesday, January 21st, Park Lp Genesis II sold 150,000 shares of Redwire stock. The shares were sold at an average price of $19.61, for a total transaction of $2,941,500.00.
• On Monday, January 6th, Park Lp Genesis II sold 100,000 shares of Redwire stock. The shares were sold at an average price of $18.02, for a total transaction of $1,802,000.00.
• On Friday, January 3rd, Park Lp Genesis II sold 72,415 shares of Redwire stock. The shares were sold at an average price of $17.90, for a total transaction of $1,296,228.50.
• On Monday, December 30th, Park Lp Genesis II sold 5,371 shares of Redwire stock. The shares were sold at an average price of $18.01, for a total transaction of $96,731.71.
• On Friday, December 27th, Park Lp Genesis II sold 89,870 shares of Redwire stock. The shares were sold at an average price of $16.99, for a total transaction of $1,526,891.30.

Redwire Stock Down 7.6 %

RDW opened at $21.76 on Friday. The company has a fifty day moving average of $16.43 and a 200 day moving average of $10.72. Redwire Co. has a fifty-two week low of $2.89 and a fifty-two week high of $26.66.

Hedge Funds Weigh In On Redwire

Several institutional investors have recently bought and sold shares of RDW. Jones Financial Companies Lllp boosted its stake in Redwire by 45.7% in the 4th quarter. Jones Financial Companies Lllp now owns 4,372 shares of the company’s stock worth $72,000 after purchasing an additional 1,372 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Redwire by 4.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 65,641 shares of the company’s stock valued at $1,080,000 after acquiring an additional 2,533 shares during the period. Bank of New York Mellon Corp lifted its stake in Redwire by 6.9% during the 4th quarter. Bank of New York Mellon Corp now owns 52,170 shares of the company’s stock valued at $859,000 after acquiring an additional 3,357 shares during the period. SG Americas Securities LLC lifted its stake in Redwire by 39.6% during the 3rd quarter. SG Americas Securities LLC now owns 21,870 shares of the company’s stock valued at $150,000 after acquiring an additional 6,200 shares during the period. Finally, US Bancorp DE acquired a new stake in Redwire during the 4th quarter valued at approximately $119,000. Institutional investors own 8.10% of the company’s stock.

Wall Street Analyst Weigh In

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

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.