Tudor Investment Corp ET AL Invests $457,000 in Red Cat Holdings, Inc. (NASDAQ:RCAT)

Tudor Investment Corp ET AL bought a new stake in Red Cat Holdings, Inc. (NASDAQ:RCAT) during the fourth quarter, HoldingsChannel reports. The fund bought 35,537 shares of the company’s stock, valued at approximately $457,000.

Other large investors have also added to or reduced their stakes in the company. Twin Tree Management LP bought a new position in shares of Red Cat during the 4th quarter valued at about $28,000. United Capital Management of KS Inc. boosted its stake in Red Cat by 7.4% in the fourth quarter. United Capital Management of KS Inc. now owns 45,650 shares of the company’s stock worth $587,000 after buying an additional 3,150 shares in the last quarter. Gladstone Institutional Advisory LLC grew its position in Red Cat by 34.0% during the fourth quarter. Gladstone Institutional Advisory LLC now owns 13,400 shares of the company’s stock valued at $172,000 after acquiring an additional 3,400 shares during the last quarter. Mark Sheptoff Financial Planning LLC purchased a new position in shares of Red Cat during the fourth quarter worth approximately $48,000. Finally, SBI Securities Co. Ltd. bought a new stake in shares of Red Cat in the 4th quarter worth approximately $60,000. Hedge funds and other institutional investors own 37.97% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on RCAT shares. Northland Capmk raised shares of Red Cat to a “strong-buy” rating in a report on Monday, March 10th. Northland Securities initiated coverage on Red Cat in a research note on Tuesday, March 11th. They set an “outperform” rating and a $13.00 price objective on the stock.

Red Cat Stock Up 5.9 %

Shares of Red Cat stock opened at $5.70 on Friday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.60 and a current ratio of 1.43. Red Cat Holdings, Inc. has a 52-week low of $0.80 and a 52-week high of $15.27. The company’s 50 day moving average price is $5.66 and its 200-day moving average price is $7.31. The stock has a market capitalization of $515.94 million, a price-to-earnings ratio of -10.56 and a beta of 1.37.

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.