25,312 Shares in NextNav Inc. (NASDAQ:NN) Acquired by Aristides Capital LLC

Aristides Capital LLC bought a new position in NextNav Inc. (NASDAQ:NN) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 25,312 shares of the company’s stock, valued at approximately $205,000.

A number of other hedge funds also recently bought and sold shares of NN. Kolinsky Wealth Management LLC lifted its position in NextNav by 64.3% in the 4th quarter. Kolinsky Wealth Management LLC now owns 30,363 shares of the company’s stock worth $135,000 after buying an additional 11,883 shares during the last quarter. Perigon Wealth Management LLC lifted its position in NextNav by 9.4% in the first quarter. Perigon Wealth Management LLC now owns 35,000 shares of the company’s stock valued at $230,000 after purchasing an additional 3,000 shares during the last quarter. Blair William & Co. IL lifted its position in NextNav by 25.0% in the first quarter. Blair William & Co. IL now owns 50,000 shares of the company’s stock valued at $329,000 after purchasing an additional 10,000 shares during the last quarter. Vanguard Group Inc. lifted its position in NextNav by 37.7% in the first quarter. Vanguard Group Inc. now owns 3,238,196 shares of the company’s stock valued at $21,307,000 after purchasing an additional 887,075 shares during the last quarter. Finally, Wolf Hill Capital Management LP bought a new stake in NextNav in the first quarter valued at approximately $12,195,000. Institutional investors own 79.16% of the company’s stock.

Insider Buying and Selling

In other news, Director Neil S. Subin purchased 125,000 shares of NextNav stock in a transaction that occurred on Monday, August 26th. The shares were bought at an average cost of $6.93 per share, with a total value of $866,250.00. Following the completion of the purchase, the director now directly owns 2,490,213 shares in the company, valued at $17,257,176.09. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Neil S. Subin acquired 100,000 shares of NextNav stock in a transaction on Friday, August 23rd. The stock was acquired at an average cost of $6.92 per share, for a total transaction of $692,000.00. Following the purchase, the director now owns 2,365,213 shares in the company, valued at $16,367,273.96. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Neil S. Subin bought 125,000 shares of the company’s stock in a transaction dated 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 purchase, the director now owns 2,490,213 shares of the company’s stock, valued at approximately $17,257,176.09. The disclosure for this purchase can be found here. 15.70% of the stock is owned by insiders.

NextNav Stock Performance

Shares of NN stock opened at $7.49 on Wednesday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 5.93 and a current ratio of 5.93. NextNav Inc. has a fifty-two week low of $3.55 and a fifty-two week high of $9.50. The stock has a 50 day moving average price of $7.49 and a two-hundred day moving average price of $7.65. The company has a market capitalization of $946.14 million, a P/E ratio of -9.32 and a beta of 1.06.

NextNav (NASDAQ:NN) last announced 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 business had revenue of $1.11 million for the quarter, compared to the consensus estimate of $1.63 million. NextNav had a negative net margin of 2,181.52% and a negative return on equity of 134.05%. During the same quarter in the prior year, the company earned ($0.15) EPS. Analysts expect that NextNav Inc. will post -0.81 earnings per share for the current year.

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.