Silver Oak Securities Incorporated Buys 50,668 Shares of Red Cat Holdings, Inc. (NASDAQ:RCAT)

Silver Oak Securities Incorporated lifted its stake in shares of Red Cat Holdings, Inc. (NASDAQ:RCAT) by 502.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 60,755 shares of the company’s stock after purchasing an additional 50,668 shares during the quarter. Silver Oak Securities Incorporated’s holdings in Red Cat were worth $856,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Centiva Capital LP purchased a new position in Red Cat during the 3rd quarter valued at about $207,000. N.E.W. Advisory Services LLC bought a new position in shares of Red Cat in the fourth quarter valued at approximately $423,000. Wolverine Trading LLC purchased a new position in Red Cat during the third quarter valued at approximately $233,000. Corsair Capital Management L.P. bought a new stake in Red Cat during the 3rd quarter worth approximately $308,000. Finally, Pekin Hardy Strauss Inc. purchased a new stake in Red Cat in the 3rd quarter worth approximately $138,000. 37.97% of the stock is currently owned by institutional investors.

Red Cat Price Performance

Shares of NASDAQ:RCAT opened at $10.61 on Friday. The firm has a fifty day moving average price of $10.07 and a two-hundred day moving average price of $5.69. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.43 and a quick ratio of 0.60. Red Cat Holdings, Inc. has a one year low of $0.56 and a one year high of $15.27.

Red Cat (NASDAQ:RCAT) last posted its quarterly earnings data on Monday, December 16th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.27). Red Cat had a negative net margin of 232.62% and a negative return on equity of 96.00%. During the same period in the prior year, the business posted ($0.11) EPS. As a group, equities analysts anticipate that Red Cat Holdings, Inc. will post -0.5 EPS for the current year.

Insider Activity

In other news, CRO Geoffrey Wayne Hitchcock sold 113,823 shares of Red Cat stock in a transaction on Friday, December 20th. The shares were sold at an average price of $10.44, for a total transaction of $1,188,312.12. Following the completion of the sale, the executive now directly owns 558,325 shares of the company’s stock, valued at approximately $5,828,913. The trade was a 16.93 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Nicholas Reyland Liuzza, Jr. sold 328,928 shares of the stock in a transaction on 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 transaction, the director now directly owns 681,072 shares in the company, valued at approximately $5,646,086.88. This represents a 32.57 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,930,441 shares of company stock worth $21,099,751. 21.50% of the stock is currently owned by insiders.

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.