141,500 Shares in NextNav Inc. (NASDAQ:NN) Bought by Paloma Partners Management Co

Paloma Partners Management Co purchased a new stake in NextNav Inc. (NASDAQ:NN) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 141,500 shares of the company’s stock, valued at approximately $1,060,000. Paloma Partners Management Co owned about 0.11% of NextNav as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. nVerses Capital LLC purchased a new position in NextNav in the second quarter valued at $50,000. Principal Financial Group Inc. purchased a new position in shares of NextNav in the 2nd quarter valued at about $82,000. Quest Partners LLC acquired a new position in NextNav in the 2nd quarter worth about $88,000. King Luther Capital Management Corp acquired a new stake in NextNav in the third quarter valued at approximately $90,000. Finally, Wolverine Asset Management LLC grew its holdings in NextNav by 323.6% in the second quarter. Wolverine Asset Management LLC now owns 12,106 shares of the company’s stock valued at $98,000 after purchasing an additional 9,248 shares during the period. 79.16% of the stock is owned by institutional investors and hedge funds.

NextNav Stock Performance

NN stock opened at $17.25 on Tuesday. NextNav Inc. has a 52 week low of $3.55 and a 52 week high of $18.10. The company has a debt-to-equity ratio of 0.81, a current ratio of 5.01 and a quick ratio of 5.01. The firm has a 50-day simple moving average of $11.47 and a 200-day simple moving average of $9.05.

Analysts Set New Price Targets

Separately, B. Riley increased their target price on NextNav from $12.00 to $20.00 and gave the company a “buy” rating in a research report on Thursday, November 14th.

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.