Marshall Wace LLP Invests $1.57 Million in NextNav Inc. (NASDAQ:NN)

Marshall Wace LLP purchased a new stake in NextNav Inc. (NASDAQ:NN - Free Report) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 193,737 shares of the company's stock, valued at approximately $1,571,000. Marshall Wace LLP owned 0.15% of NextNav at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of NN. Wolf Hill Capital Management LP acquired a new stake in shares of NextNav in the first quarter valued at $12,195,000. Vanguard Group Inc. raised its stake in shares of NextNav by 37.7% in the first quarter. Vanguard Group Inc. now owns 3,238,196 shares of the company's stock worth $21,307,000 after acquiring an additional 887,075 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of NextNav by 47.9% in the second quarter. Bank of New York Mellon Corp now owns 217,143 shares of the company's stock worth $1,761,000 after acquiring an additional 70,343 shares during the last quarter. Ingalls & Snyder LLC lifted its position in shares of NextNav by 20.7% during the second quarter. Ingalls & Snyder LLC now owns 296,900 shares of the company's stock worth $2,408,000 after purchasing an additional 51,000 shares in the last quarter. Finally, Renaissance Technologies LLC bought a new stake in shares of NextNav during the second quarter valued at approximately $404,000. 79.16% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Neil S. Subin bought 100,000 shares of the company's stock in a transaction dated Friday, August 23rd. The shares were bought at an average cost of $6.92 per share, with a total value of $692,000.00. Following the acquisition, the director now owns 2,365,213 shares in the company, valued at $16,367,273.96. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other NextNav news, Director Neil S. Subin acquired 125,000 shares of the company's stock in a transaction on Monday, August 26th. The shares were purchased 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 owns 2,490,213 shares of the company's stock, valued at approximately $17,257,176.09. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Neil S. Subin acquired 100,000 shares of the stock in a transaction on Friday, August 23rd. The stock was bought at an average cost of $6.92 per share, for a total transaction of $692,000.00. Following the transaction, 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 Trading Up 2.0 %

Shares of NN stock traded up $0.15 on Friday, reaching $7.78. 428,967 shares of the stock were exchanged, compared to its average volume of 656,146. The company has a debt-to-equity ratio of 0.80, a current ratio of 5.93 and a quick ratio of 5.93. NextNav Inc. has a one year low of $3.55 and a one year high of $9.50. The stock has a market cap of $982.77 million, a PE ratio of -9.85 and a beta of 1.06. The stock has a 50 day moving average price of $7.43 and a 200 day moving average price of $7.73.

NextNav (NASDAQ:NN - Get Free Report) last issued 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 return on equity of 134.05% and a negative net margin of 2,181.52%. The business had revenue of $1.11 million for the quarter, compared to analyst estimates of $1.63 million. During the same quarter in the prior year, the firm earned ($0.15) EPS. Equities research analysts forecast that NextNav Inc. will post -0.81 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.