SG Americas Securities LLC Buys Shares of 27,348 NextNav Inc. (NASDAQ:NN)

SG Americas Securities LLC bought a new stake in NextNav Inc. (NASDAQ:NN) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 27,348 shares of the company’s stock, valued at approximately $205,000.

Several other institutional investors also recently bought and sold shares of the company. Raymond James & Associates boosted its stake in NextNav by 1.0% in the second quarter. Raymond James & Associates now owns 156,000 shares of the company’s stock valued at $1,265,000 after acquiring an additional 1,500 shares in the last quarter. Perigon Wealth Management LLC lifted its stake in shares of NextNav by 9.4% during the first quarter. Perigon Wealth Management LLC now owns 35,000 shares of the company’s stock worth $230,000 after buying an additional 3,000 shares during the period. CIBC Asset Management Inc lifted its stake in shares of NextNav by 19.0% during the second quarter. CIBC Asset Management Inc now owns 19,652 shares of the company’s stock worth $159,000 after buying an additional 3,140 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in shares of NextNav by 34.9% during the first 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 during the period. Finally, nVerses Capital LLC acquired a new stake in shares of NextNav during the second quarter worth $50,000. 79.16% of the stock is currently owned by institutional investors and hedge funds.

NextNav Trading Up 6.7 %

NASDAQ:NN opened at $10.06 on Wednesday. NextNav Inc. has a 12 month low of $3.55 and a 12 month high of $10.11. The firm has a fifty day simple moving average of $7.58 and a 200-day simple moving average of $7.86. The company has a current ratio of 5.93, a quick ratio of 5.93 and a debt-to-equity ratio of 0.80. The company has a market capitalization of $1.27 billion, a P/E ratio of -11.84 and a beta of 1.06.

NextNav (NASDAQ:NN) last posted its quarterly earnings results on Wednesday, August 7th. The company reported ($0.21) EPS for the quarter, missing the consensus estimate of ($0.14) by ($0.07). NextNav had a negative net margin of 2,181.52% and a negative return on equity of 134.05%. The business had revenue of $1.11 million during the quarter, compared to analysts’ expectations of $1.63 million. During the same period in the previous year, the company posted ($0.15) earnings per share. On average, equities research analysts anticipate 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 purchased 125,000 shares of NextNav 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 transaction, 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 acquisition was disclosed in a filing with the SEC, which is available through the SEC website. In other NextNav news, Director Neil S. Subin acquired 125,000 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The stock was bought at an average price of $6.93 per share, with a total value of $866,250.00. Following the purchase, the director now owns 2,490,213 shares in the company, valued at approximately $17,257,176.09. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Neil S. Subin purchased 100,000 shares of the company’s stock in a transaction dated Friday, August 23rd. The stock was purchased at an average cost of $6.92 per share, with a total value of $692,000.00. Following the purchase, the director now owns 2,365,213 shares in the company, valued at approximately $16,367,273.96. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 15.70% of the company’s stock.

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.