Numerai GP LLC Makes New Investment in NextNav Inc. (NASDAQ:NN)

Numerai GP LLC acquired a new stake in NextNav Inc. (NASDAQ:NN) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 23,841 shares of the company’s stock, valued at approximately $371,000.

Other hedge funds also recently made changes to their positions in the company. Fleming James B JR acquired a new stake in NextNav during the 4th quarter valued at approximately $80,618,000. Susquehanna Advisors Group Inc. acquired a new stake in shares of NextNav during the fourth quarter worth approximately $67,648,000. Vanguard Group Inc. increased its stake in shares of NextNav by 23.3% in the fourth quarter. Vanguard Group Inc. now owns 4,017,060 shares of the company’s stock worth $62,505,000 after buying an additional 759,775 shares during the last quarter. Invesco Ltd. raised its holdings in NextNav by 2,461.2% in the fourth quarter. Invesco Ltd. now owns 712,385 shares of the company’s stock valued at $11,085,000 after acquiring an additional 684,571 shares in the last quarter. Finally, Ancora Advisors LLC raised its holdings in NextNav by 14.9% in the fourth quarter. Ancora Advisors LLC now owns 2,016,250 shares of the company’s stock valued at $31,373,000 after acquiring an additional 261,000 shares in the last quarter. Hedge funds and other institutional investors own 79.16% of the company’s stock.

NextNav Price Performance

Shares of NN stock opened at $13.59 on Friday. The firm has a fifty day moving average of $12.21 and a two-hundred day moving average of $13.26. The firm has a market cap of $1.80 billion, a P/E ratio of -18.12 and a beta of 1.03. NextNav Inc. has a 1-year low of $6.47 and a 1-year high of $18.54. The company has a debt-to-equity ratio of 0.81, a current ratio of 5.01 and a quick ratio of 5.01.

NextNav (NASDAQ:NN) last issued its quarterly earnings results on Friday, May 9th. The company reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.14) by ($0.01). The company had revenue of $1.54 million for the quarter, compared to the consensus estimate of $1.87 million. NextNav had a negative return on equity of 128.95% and a negative net margin of 1,732.92%. As a group, research analysts anticipate that NextNav Inc. will post -0.74 earnings per share for the current fiscal year.

Insider Transactions at NextNav

In related news, CAO Sammaad Shams sold 4,005 shares of the stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $11.21, for a total transaction of $44,896.05. Following the sale, the chief accounting officer now owns 81,100 shares in the company, valued at $909,131. This represents a 4.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Christian D. Gates sold 5,730 shares of NextNav stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $11.24, for a total value of $64,405.20. Following the completion of the transaction, the chief financial officer now owns 857,206 shares of the company’s stock, valued at approximately $9,634,995.44. The trade was a 0.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 72,705 shares of company stock worth $816,495. 7.70% of the stock is currently owned by corporate 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.