10,085 Shares in Red Cat Holdings, Inc. (NASDAQ:RCAT) Bought by Regency Capital Management Inc. DE

Regency Capital Management Inc. DE acquired 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 acquired 10,085 shares of the company’s stock, valued at approximately $130,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in RCAT. Sanctuary Advisors LLC bought a new position in Red Cat during the 3rd quarter valued at approximately $25,000. Sheets Smith Wealth Management bought a new position in shares of Red Cat during the third quarter valued at $51,000. PVG Asset Management Corp purchased a new position in shares of Red Cat in the 2nd quarter worth about $63,000. XTX Topco Ltd boosted its stake in Red Cat by 390.9% in the 2nd quarter. XTX Topco Ltd now owns 58,895 shares of the company’s stock worth $68,000 after purchasing an additional 46,897 shares in the last quarter. Finally, United Capital Management of KS Inc. purchased a new stake in Red Cat during the 3rd quarter valued at about $108,000. Hedge funds and other institutional investors own 37.97% of the company’s stock.

Red Cat Stock Performance

Shares of NASDAQ RCAT opened at $8.63 on Friday. Red Cat Holdings, Inc. has a 52-week low of $0.56 and a 52-week high of $15.27. The firm’s 50 day moving average price is $9.78 and its 200-day moving average price is $5.25. The company has a current ratio of 1.43, a quick ratio of 0.60 and a debt-to-equity ratio of 0.30.

Red Cat (NASDAQ:RCATGet Free Report) last released its quarterly earnings data on Monday, December 16th. The company reported ($0.18) EPS for the quarter, missing the consensus estimate 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 period in the prior year, the company earned ($0.11) earnings per share. On average, research analysts forecast that Red Cat Holdings, Inc. will post -0.5 earnings per share for the current year.

Insider Activity

In other Red Cat news, Director Joseph David Freedman sold 15,000 shares of the business’s stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $14.24, for a total transaction of $213,600.00. Following the completion of the sale, the director now directly owns 585,190 shares in the company, valued at $8,333,105.60. The trade was a 2.50 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider George Michael Matus sold 112,686 shares of the stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $9.20, for a total transaction of $1,036,711.20. Following the completion of the transaction, the insider now owns 973,103 shares in the company, valued at $8,952,547.60. This trade represents a 10.38 % 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 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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