Marshall Wace LLP Makes New $1.57 Million Investment in NextNav Inc. (NASDAQ:NN)

Marshall Wace LLP bought a new stake in NextNav Inc. (NASDAQ:NN) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 193,737 shares of the company’s stock, valued at approximately $1,571,000. Marshall Wace LLP owned approximately 0.15% of NextNav as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in NN. nVerses Capital LLC bought a new stake in NextNav during the 2nd quarter worth about $50,000. Principal Financial Group Inc. bought a new stake in shares of NextNav during the second quarter valued at approximately $82,000. Quest Partners LLC acquired a new stake in shares of NextNav in the second quarter valued at approximately $88,000. Wolverine Asset Management LLC raised its position in NextNav by 323.6% in the 2nd quarter. Wolverine Asset Management LLC now owns 12,106 shares of the company’s stock worth $98,000 after purchasing an additional 9,248 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its holdings in 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 buying an additional 4,405 shares in the last quarter. 79.16% of the stock is currently owned by institutional investors and hedge funds.

NextNav Stock Up 2.0 %

NASDAQ NN opened at $7.78 on Friday. The stock has a market capitalization of $982.77 million, a P/E ratio of -9.85 and a beta of 1.06. NextNav Inc. has a 52 week low of $3.55 and a 52 week high of $9.50. The company has a debt-to-equity ratio of 0.80, a quick ratio of 5.93 and a current ratio of 5.93. The stock has a fifty day moving average of $7.43 and a 200-day moving average of $7.71.

NextNav (NASDAQ:NN) last announced its quarterly earnings data on Wednesday, August 7th. The company reported ($0.21) earnings per share for the quarter, missing the consensus estimate of ($0.14) by ($0.07). The firm had revenue of $1.11 million for the quarter, compared to the consensus estimate 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 in the prior year, the firm posted ($0.15) earnings per share. On average, equities research analysts forecast that NextNav Inc. will post -0.81 EPS for the current year.

Insider Activity at NextNav

In related news, Director Neil S. Subin acquired 125,000 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The stock was acquired 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 approximately $17,257,176.09. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Neil S. Subin acquired 125,000 shares of the firm’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 completion of the acquisition, the director now owns 2,490,213 shares in the company, valued at $17,257,176.09. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Neil S. Subin bought 100,000 shares of the business’s stock in a transaction on Friday, August 23rd. The stock was purchased at an average price of $6.92 per share, for a total transaction 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 approximately $16,367,273.96. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. 15.70% of the stock is currently owned by company insiders.

NextNav Company 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.