U.S. Capital Wealth Advisors LLC Acquires New Position in Red Cat Holdings, Inc. (NASDAQ:RCAT)

U.S. Capital Wealth Advisors LLC acquired a new stake in Red Cat Holdings, Inc. (NASDAQ:RCAT) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 10,820 shares of the company’s stock, valued at approximately $139,000.

A number of other hedge funds have also recently added to or reduced their stakes in RCAT. Sanctuary Advisors LLC acquired a new stake in shares of Red Cat during the 3rd quarter valued at approximately $25,000. Sheets Smith Wealth Management purchased a new position in shares of Red Cat during the 3rd quarter worth approximately $51,000. United Capital Management of KS Inc. purchased a new position in shares of Red Cat during the 3rd quarter worth approximately $108,000. Regency Capital Management Inc. DE purchased a new position in shares of Red Cat during the 4th quarter worth approximately $130,000. Finally, Pekin Hardy Strauss Inc. purchased a new position in shares of Red Cat during the 3rd quarter worth approximately $138,000. Institutional investors and hedge funds own 37.97% of the company’s stock.

Insiders Place Their Bets

In other Red Cat news, Director Joseph David Freedman sold 15,000 shares of Red Cat stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $14.24, for a total value of $213,600.00. Following the completion of the sale, the director now directly owns 585,190 shares of the company’s stock, valued at approximately $8,333,105.60. The trade was a 2.50 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Nicholas Reyland Liuzza, Jr. sold 328,928 shares of Red Cat stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $8.29, for a total transaction 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 $5,646,086.88. The trade was a 32.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 1,930,441 shares of company stock valued at $21,099,751. Company insiders own 21.50% of the company’s stock.

Red Cat Trading Up 1.4 %

Shares of RCAT opened at $10.76 on Friday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.43 and a quick ratio of 0.60. The firm has a 50 day simple moving average of $10.05 and a 200-day simple moving average of $5.76. Red Cat Holdings, Inc. has a 1-year low of $0.57 and a 1-year high of $15.27. The stock has a market cap of $862.52 million, a price-to-earnings ratio of -19.93 and a beta of 1.24.

Red Cat (NASDAQ:RCAT) last issued its quarterly earnings data on Monday, December 16th. The company reported ($0.18) earnings per share for the quarter, missing analysts’ consensus estimates 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 quarter in the previous year, the firm earned ($0.11) EPS. Equities analysts forecast that Red Cat Holdings, Inc. will post -0.5 EPS for the current fiscal year.

About Red Cat

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.