DigitalBridge Group Inc. Has $1.81 Million Stock Holdings in NextNav Inc. (NASDAQ:NN)

DigitalBridge Group Inc. lessened its position in shares of NextNav Inc. (NASDAQ:NN - Free Report) by 40.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 116,498 shares of the company's stock after selling 79,995 shares during the quarter. DigitalBridge Group Inc. owned approximately 0.09% of NextNav worth $1,813,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Barclays PLC increased its stake in NextNav by 29.2% during the third quarter. Barclays PLC now owns 291,964 shares of the company's stock worth $2,187,000 after acquiring an additional 66,039 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of NextNav by 1.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 32,588 shares of the company's stock valued at $244,000 after purchasing an additional 616 shares in the last quarter. SG Americas Securities LLC grew its position in shares of NextNav by 30.2% in the 4th quarter. SG Americas Securities LLC now owns 35,612 shares of the company's stock worth $554,000 after acquiring an additional 8,264 shares in the last quarter. Golden State Wealth Management LLC bought a new stake in NextNav during the fourth quarter valued at $78,000. Finally, Van ECK Associates Corp raised its stake in NextNav by 268.1% during the fourth quarter. Van ECK Associates Corp now owns 78,815 shares of the company's stock worth $1,226,000 after acquiring an additional 57,403 shares during the period. 79.16% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Mariam Sorond sold 62,868 shares of the stock in a transaction on Monday, March 17th. The stock was sold at an average price of $11.23, for a total transaction of $706,007.64. Following the completion of the sale, the chief executive officer now directly owns 1,550,358 shares in the company, valued at approximately $17,410,520.34. This trade represents a 3.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Christian D. Gates sold 5,730 shares of the company's stock in a transaction dated Monday, March 17th. The stock was 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 directly owns 857,206 shares in the company, 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 90 days, insiders sold 72,705 shares of company stock valued at $816,495. Company insiders own 7.70% of the company's stock.

NextNav Stock Performance

Shares of NextNav stock remained flat at $12.76 during trading on Thursday. 254,362 shares of the stock traded hands, compared to its average volume of 1,064,772. The company has a current ratio of 5.01, a quick ratio of 5.01 and a debt-to-equity ratio of 0.81. The company has a 50 day moving average of $12.52 and a two-hundred day moving average of $13.28. The stock has a market cap of $1.69 billion, a PE ratio of -16.97 and a beta of 1.03. NextNav Inc. has a fifty-two week low of $6.47 and a fifty-two week high of $18.54.

NextNav (NASDAQ:NN - Get Free Report) last announced its quarterly earnings data on Friday, May 9th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by ($0.01). NextNav had a negative return on equity of 128.95% and a negative net margin of 1,732.92%. The business had revenue of $1.54 million during the quarter, compared to analyst estimates of $1.87 million. Sell-side analysts anticipate that NextNav Inc. will post -0.74 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.