10,662 Shares in NextNav Inc. (NASDAQ:NN) Acquired by Arizona State Retirement System

Arizona State Retirement System purchased a new stake in NextNav Inc. (NASDAQ:NN) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 10,662 shares of the company’s stock, valued at approximately $47,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in NN. General American Investors Co. Inc. grew its position in shares of NextNav by 55.9% during the 3rd quarter. General American Investors Co. Inc. now owns 1,251,361 shares of the company’s stock worth $6,432,000 after purchasing an additional 448,884 shares in the last quarter. Ancora Advisors LLC acquired a new stake in NextNav during the third quarter worth approximately $495,000. Raymond James & Associates bought a new position in NextNav during the 4th quarter worth $222,000. Raymond James Financial Services Advisors Inc. acquired a new position in NextNav in the 3rd quarter valued at $156,000. Finally, Kolinsky Wealth Management LLC bought a new stake in shares of NextNav during the 3rd quarter valued at $95,000. 79.16% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at NextNav

In other NextNav news, SVP Arun Raghupathy sold 23,547 shares of the firm’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of $4.23, for a total value of $99,603.81. Following the sale, the senior vice president now owns 1,130,538 shares of the company’s stock, valued at approximately $4,782,175.74. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, major shareholder Joseph D. Samberg purchased 483,000 shares of NextNav stock in a transaction dated Monday, March 18th. The shares were bought at an average cost of $4.52 per share, for a total transaction of $2,183,160.00. Following the purchase, the insider now owns 9,800,000 shares in the company, valued at approximately $44,296,000. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Arun Raghupathy sold 23,547 shares of the company’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $4.23, for a total transaction of $99,603.81. Following the transaction, the senior vice president now owns 1,130,538 shares of the company’s stock, valued at $4,782,175.74. The disclosure for this sale can be found here. In the last 90 days, insiders bought 583,000 shares of company stock valued at $2,633,160 and sold 76,002 shares valued at $321,398. 15.70% of the stock is currently owned by insiders.

NextNav Stock Performance

NN opened at $8.40 on Tuesday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 9.31 and a current ratio of 9.31. NextNav Inc. has a 52-week low of $1.91 and a 52-week high of $8.57. The firm has a market cap of $945.45 million, a P/E ratio of -12.73 and a beta of 1.40. The business’s fifty day moving average is $5.65 and its 200-day moving average is $4.83.

NextNav (NASDAQ:NN) last posted its quarterly earnings data on Wednesday, March 13th. The company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of ($0.14) by ($0.01). NextNav had a negative return on equity of 81.56% and a negative net margin of 1,857.46%. The firm had revenue of $1.21 million for the quarter, compared to the consensus estimate of $1.19 million. Sell-side analysts expect that NextNav Inc. will post -0.59 EPS for the current fiscal year.

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.