GSA Capital Partners LLP increased its stake in shares of Blade Air Mobility, Inc. (NASDAQ:BLDE - Free Report) by 245.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 378,240 shares of the company's stock after buying an additional 268,802 shares during the period. GSA Capital Partners LLP owned 0.49% of Blade Air Mobility worth $1,112,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in the stock. ARK Investment Management LLC grew its stake in shares of Blade Air Mobility by 12.0% during the third quarter. ARK Investment Management LLC now owns 7,217,251 shares of the company's stock valued at $21,219,000 after purchasing an additional 774,114 shares during the last quarter. AWM Investment Company Inc. lifted its holdings in Blade Air Mobility by 53.8% during the 1st quarter. AWM Investment Company Inc. now owns 2,136,378 shares of the company's stock worth $6,089,000 after buying an additional 747,743 shares in the last quarter. Tidal Investments LLC bought a new position in Blade Air Mobility in the 1st quarter valued at $1,721,000. Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of Blade Air Mobility by 10.4% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 4,060,282 shares of the company's stock valued at $14,130,000 after buying an additional 381,308 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in shares of Blade Air Mobility by 24.0% during the second quarter. Dimensional Fund Advisors LP now owns 937,856 shares of the company's stock worth $3,264,000 after acquiring an additional 181,630 shares during the last quarter. Institutional investors own 47.36% of the company's stock.
Separately, JPMorgan Chase & Co. raised their price target on Blade Air Mobility from $5.00 to $6.00 and gave the company an "overweight" rating in a report on Tuesday, October 29th.
Get Our Latest Stock Analysis on BLDE
In related news, General Counsel Melissa M. Tomkiel sold 44,621 shares of the company's stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $3.40, for a total value of $151,711.40. Following the completion of the sale, the general counsel now owns 1,173,003 shares in the company, valued at approximately $3,988,210.20. This represents a 3.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders have sold 57,253 shares of company stock worth $187,713 over the last ninety days. Company insiders own 17.50% of the company's stock.
Shares of NASDAQ BLDE opened at $3.42 on Friday. Blade Air Mobility, Inc. has a 1 year low of $2.45 and a 1 year high of $4.24. The firm's 50-day moving average is $3.40 and its 200-day moving average is $3.30. The firm has a market capitalization of $266.52 million, a PE ratio of -4.96 and a beta of 1.05.
Blade Air Mobility, Inc provides air transportation alternatives to the congested ground routes in the United States. It provides its services through charter and by-the-seat flights using helicopters, jets, turboprops, and amphibious seaplanes. The company was founded in 2014 and is headquartered in New York, New York.
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