Kieckhefer Group LLC Buys New Position in Red Cat Holdings, Inc. (NASDAQ:RCAT)

Kieckhefer Group LLC purchased a new stake in Red Cat Holdings, Inc. (NASDAQ:RCAT) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 23,000 shares of the company’s stock, valued at approximately $296,000.

A number of other hedge funds have also recently bought and sold shares of RCAT. Sanctuary Advisors LLC bought a new stake in shares of Red Cat during the 3rd quarter worth $25,000. Sheets Smith Wealth Management purchased a new stake in shares of Red Cat during the 3rd quarter worth approximately $51,000. United Capital Management of KS Inc. bought a new stake in shares of Red Cat in the 3rd quarter worth approximately $108,000. Pekin Hardy Strauss Inc. purchased a new stake in Red Cat in the third quarter worth $138,000. Finally, PVG Asset Management Corp bought a new stake in shares of Red Cat in the second quarter valued at $63,000. 37.97% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Nicholas Reyland Liuzza, Jr. sold 328,928 shares of the firm’s stock in a transaction dated Wednesday, December 18th. The shares were 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 directly owns 681,072 shares of the company’s stock, valued at approximately $5,646,086.88. This trade represents a 32.57 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Jeffrey M. Thompson sold 392,551 shares of the company’s stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $11.34, for a total value of $4,451,528.34. Following the transaction, the chief executive officer now owns 13,121,898 shares in the company, valued at $148,802,323.32. This trade represents a 2.90 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,930,441 shares of company stock valued at $21,099,751 over the last three months. Insiders own 21.50% of the company’s stock.

Red Cat Price Performance

Shares of RCAT traded down $0.79 during trading hours on Monday, hitting $9.24. The company’s stock had a trading volume of 4,357,572 shares, compared to its average volume of 10,454,617. The business has a 50 day simple moving average of $8.71 and a two-hundred day simple moving average of $4.72. Red Cat Holdings, Inc. has a 52-week low of $0.56 and a 52-week high of $15.27. The company has a market cap of $740.69 million, a price-to-earnings ratio of -20.09 and a beta of 1.32.

Red Cat (NASDAQ:RCAT) last released its quarterly earnings results on Monday, December 16th. The company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.27). Red Cat had a negative return on equity of 66.19% and a negative net margin of 162.50%. During the same quarter in the previous year, the firm posted ($0.11) earnings per share. Research analysts predict that Red Cat Holdings, Inc. will post -0.39 earnings per share for the current year.

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.