AIGH Capital Management LLC Purchases New Position in Red Cat Holdings, Inc. (NASDAQ:RCAT)

AIGH Capital Management LLC purchased a new stake in shares of Red Cat Holdings, Inc. (NASDAQ:RCATFree Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 5,026,104 shares of the company’s stock, valued at approximately $4,423,000. Red Cat makes up about 1.8% of AIGH Capital Management LLC’s portfolio, making the stock its 23rd largest holding. AIGH Capital Management LLC owned approximately 9.01% of Red Cat as of its most recent filing with the Securities and Exchange Commission (SEC).

Separately, Worth Venture Partners LLC bought a new stake in shares of Red Cat during the fourth quarter valued at approximately $1,101,000. Hedge funds and other institutional investors own 37.97% of the company’s stock.

Red Cat Stock Performance

Shares of RCAT traded down $0.08 on Monday, hitting $1.03. 445,200 shares of the stock traded hands, compared to its average volume of 512,953. The company has a market capitalization of $76.14 million and a PE ratio of -1.97. The business has a 50 day simple moving average of $1.05 and a 200 day simple moving average of $0.86. Red Cat Holdings, Inc. has a one year low of $0.53 and a one year high of $1.65.

Red Cat (NASDAQ:RCATGet Free Report) last announced its quarterly earnings results on Monday, March 18th. The company reported ($0.04) earnings per share for the quarter. Red Cat had a negative net margin of 206.42% and a negative return on equity of 52.40%. The firm had revenue of $5.85 million for the quarter.

Red Cat Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Red Cat (NASDAQ:RCAT)

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