Nisa Investment Advisors LLC Decreases Stake in NextNav Inc. (NASDAQ:NN)

Nisa Investment Advisors LLC decreased its position in shares of NextNav Inc. (NASDAQ:NN) by 28.5% in the third quarter, HoldingsChannel reports. The firm owned 10,593 shares of the company’s stock after selling 4,217 shares during the quarter. Nisa Investment Advisors LLC’s holdings in NextNav were worth $79,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of NN. nVerses Capital LLC purchased a new stake in NextNav during the second quarter worth $50,000. Principal Financial Group Inc. acquired a new position in NextNav in the 2nd quarter valued at $82,000. Quest Partners LLC acquired a new stake in NextNav during the 2nd quarter worth $88,000. Wolverine Asset Management LLC lifted its stake in shares of NextNav by 323.6% in the second quarter. Wolverine Asset Management LLC now owns 12,106 shares of the company’s stock worth $98,000 after buying an additional 9,248 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its holdings in shares of NextNav by 34.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 17,025 shares of the company’s stock worth $113,000 after purchasing an additional 4,405 shares during the last quarter. 79.16% of the stock is currently owned by institutional investors and hedge funds.

NextNav Stock Up 3.4 %

Shares of NASDAQ:NN opened at $13.97 on Friday. NextNav Inc. has a 52-week low of $3.55 and a 52-week high of $14.00. The company has a quick ratio of 5.93, a current ratio of 5.93 and a debt-to-equity ratio of 0.80. The business has a fifty day moving average of $8.71 and a two-hundred day moving average of $8.20. The stock has a market cap of $1.76 billion, a P/E ratio of -16.44 and a beta of 0.94.

NextNav (NASDAQ:NN) last issued its earnings results on Wednesday, August 7th. The company reported ($0.21) EPS for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.07). The firm had revenue of $1.11 million for the quarter, compared to analysts’ expectations of $1.63 million. NextNav had a negative return on equity of 134.05% and a negative net margin of 2,181.52%. During the same period last year, the firm earned ($0.15) earnings per share. On average, research analysts expect that NextNav Inc. will post -0.8 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Neil S. Subin bought 125,000 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The stock was purchased at an average price of $6.93 per share, for a total transaction of $866,250.00. Following the acquisition, the director now owns 2,490,213 shares of the company’s stock, valued at approximately $17,257,176.09. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. In other NextNav news, Director Neil S. Subin bought 125,000 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The shares were purchased at an average cost of $6.93 per share, with a total value of $866,250.00. Following the purchase, the director now directly owns 2,490,213 shares in the company, valued at approximately $17,257,176.09. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Neil S. Subin bought 100,000 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The stock was bought at an average price of $6.92 per share, with a total value of $692,000.00. Following the completion of the acquisition, the director now owns 2,365,213 shares of the company’s stock, valued at $16,367,273.96. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. 11.30% of the stock is owned by insiders.

NextNav Profile

NextNav Inc provides next generation positioning, navigation, and timing (PNT) solutions in the United States. It offers Pinnacle, a dedicated vertical positioning network to cover entire metropolitan areas including devices equipped with a barometric pressure sensor with the highest quality wide-area altitude service.