Main Street Financial Solutions LLC Has $436,000 Stock Position in NextNav Inc. (NASDAQ:NN)

Main Street Financial Solutions LLC lessened its holdings in shares of NextNav Inc. (NASDAQ:NN) by 3.3% during the third quarter, Holdings Channel.com reports. The institutional investor owned 58,250 shares of the company’s stock after selling 2,000 shares during the quarter. Main Street Financial Solutions LLC’s holdings in NextNav were worth $436,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of NN. Blair William & Co. IL boosted its stake in shares of NextNav by 25.0% during the 1st quarter. Blair William & Co. IL now owns 50,000 shares of the company’s stock worth $329,000 after acquiring an additional 10,000 shares during the period. Vanguard Group Inc. raised its stake in NextNav by 37.7% in the 1st quarter. Vanguard Group Inc. now owns 3,238,196 shares of the company’s stock valued at $21,307,000 after acquiring an additional 887,075 shares during the period. Wolf Hill Capital Management LP acquired a new stake in NextNav during the 1st quarter valued at $12,195,000. PEAK6 Investments LLC boosted its position in NextNav by 31.0% during the first quarter. PEAK6 Investments LLC now owns 42,131 shares of the company’s stock worth $277,000 after purchasing an additional 9,976 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its position in shares of NextNav by 34.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 17,025 shares of the company’s stock valued at $113,000 after purchasing an additional 4,405 shares during the period. Institutional investors own 79.16% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, B. Riley lifted their target price on shares of NextNav from $12.00 to $20.00 and gave the stock a “buy” rating in a report on Thursday.

NextNav Stock Up 4.4 %

NN opened at $14.15 on Friday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 5.93 and a current ratio of 5.93. The business has a fifty day simple moving average of $9.27 and a 200 day simple moving average of $8.36. NextNav Inc. has a 1 year low of $3.55 and a 1 year high of $17.02.

Insider Transactions at NextNav

In related news, Director Neil S. Subin purchased 125,000 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The shares were bought at an average price of $6.93 per share, for a total transaction of $866,250.00. Following the completion of the transaction, the director now owns 2,490,213 shares of the company’s stock, valued at approximately $17,257,176.09. This trade represents a 5.28 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Insiders own 15.70% of the company’s stock.

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.