Mesirow Financial Investment Management Inc. Invests $448,000 in Redwire Co. (NYSE:RDW)

Mesirow Financial Investment Management Inc. acquired a new position in Redwire Co. (NYSE:RDW) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 27,191 shares of the company’s stock, valued at approximately $448,000.

Several other large investors also recently made changes to their positions in RDW. Penserra Capital Management LLC increased its position in shares of Redwire by 16.5% in the third quarter. Penserra Capital Management LLC now owns 74,626 shares of the company’s stock worth $512,000 after acquiring an additional 10,558 shares in the last quarter. MetLife Investment Management LLC increased its position in shares of Redwire by 129.1% in the third quarter. MetLife Investment Management LLC now owns 14,058 shares of the company’s stock worth $97,000 after acquiring an additional 7,921 shares in the last quarter. Stifel Financial Corp acquired a new stake in shares of Redwire in the third quarter worth $139,000. State Street Corp increased its position in shares of Redwire by 8.1% in the third quarter. State Street Corp now owns 473,295 shares of the company’s stock worth $3,252,000 after acquiring an additional 35,519 shares in the last quarter. Finally, Barclays PLC grew its holdings in Redwire by 55.8% during the 3rd quarter. Barclays PLC now owns 1,181,138 shares of the company’s stock valued at $8,115,000 after purchasing an additional 422,854 shares in the last quarter. Institutional investors and hedge funds own 8.10% of the company’s stock.

Redwire Price Performance

NYSE RDW opened at $12.10 on Friday. Redwire Co. has a 12 month low of $3.00 and a 12 month high of $26.66. The company has a market capitalization of $805.28 million, a price-to-earnings ratio of -10.00 and a beta of 2.33. The company’s fifty day moving average price is $18.58 and its two-hundred day moving average price is $12.59.

Insider Buying and Selling at Redwire

In other Redwire news, major shareholder Park Lp Genesis II sold 5,371 shares of the stock in a transaction on Monday, December 30th. The shares were sold at an average price of $18.01, for a total transaction of $96,731.71. Following the transaction, the insider now directly owns 4,598,056 shares in the company, valued at $82,810,988.56. This represents a 0.12 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders have sold 684,454 shares of company stock worth $13,682,993 in the last ninety days. 2.60% of the stock is owned by insiders.

Analyst Ratings Changes

RDW has been the subject of a number of recent analyst reports. HC Wainwright raised their price target on shares of Redwire from $18.00 to $26.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Cantor Fitzgerald initiated coverage on shares of Redwire in a report on Friday, January 24th. They set an “overweight” rating and a $28.00 price target for the company. Finally, B. Riley raised shares of Redwire from a “neutral” rating to a “buy” rating and raised their price target for the company from $9.50 to $27.00 in a report on Monday, January 27th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat, Redwire 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.