GSA Capital Partners LLP Makes New $125,000 Investment in NextNav Inc. (NASDAQ:NN)

GSA Capital Partners LLP purchased a new stake in shares of NextNav Inc. (NASDAQ:NN) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 16,709 shares of the company’s stock, valued at approximately $125,000.

Other large investors have also made changes to their positions in the company. nVerses Capital LLC acquired a new position in NextNav during the second quarter worth $50,000. Principal Financial Group Inc. acquired a new position in shares of NextNav during the 2nd quarter valued at about $82,000. Quest Partners LLC bought a new position in shares of NextNav in the 2nd quarter valued at approximately $88,000. Wolverine Asset Management LLC lifted its holdings 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 boosted its position in 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 purchasing an additional 4,405 shares during the period. Institutional investors own 79.16% of the company’s stock.

Wall Street Analyst Weigh In

Separately, B. Riley boosted their price objective on shares of NextNav from $12.00 to $20.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th.

NextNav Trading Up 1.7 %

Shares of NASDAQ:NN opened at $16.14 on Tuesday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 5.01 and a current ratio of 5.01. The stock’s 50-day moving average is $10.37 and its 200-day moving average is $8.67. The company has a market cap of $2.08 billion, a P/E ratio of -21.16 and a beta of 0.94. NextNav Inc. has a 52-week low of $3.55 and a 52-week high of $17.02.

About NextNav

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.