Renaissance Technologies LLC Grows Stake in NN, Inc. (NASDAQ:NNBR)

Renaissance Technologies LLC boosted its position in shares of NN, Inc. (NASDAQ:NNBR) by 7.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 127,000 shares of the industrial products company’s stock after purchasing an additional 8,500 shares during the quarter. Renaissance Technologies LLC owned approximately 0.25% of NN worth $381,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of NNBR. Register Financial Advisors LLC grew its position in shares of NN by 11.9% in the second quarter. Register Financial Advisors LLC now owns 1,160,968 shares of the industrial products company’s stock valued at $3,483,000 after purchasing an additional 123,505 shares during the last quarter. American Century Companies Inc. lifted its stake in NN by 80.7% in the 2nd quarter. American Century Companies Inc. now owns 642,568 shares of the industrial products company’s stock valued at $1,928,000 after buying an additional 287,060 shares in the last quarter. Acadian Asset Management LLC increased its position in NN by 102.0% during the second quarter. Acadian Asset Management LLC now owns 208,771 shares of the industrial products company’s stock worth $625,000 after buying an additional 105,429 shares in the last quarter. Empowered Funds LLC increased its position in NN by 8.1% during the first quarter. Empowered Funds LLC now owns 158,285 shares of the industrial products company’s stock worth $750,000 after buying an additional 11,900 shares in the last quarter. Finally, Bank of New York Mellon Corp acquired a new position in shares of NN in the second quarter worth $429,000. Institutional investors and hedge funds own 53.92% of the company’s stock.

NN Stock Down 1.9 %

NNBR opened at $3.68 on Friday. The firm has a market cap of $184.02 million, a P/E ratio of -2.63 and a beta of 2.93. The business’s fifty day simple moving average is $3.67 and its 200 day simple moving average is $3.60. NN, Inc. has a 52 week low of $1.64 and a 52 week high of $5.40. The company has a quick ratio of 1.29, a current ratio of 2.04 and a debt-to-equity ratio of 1.39.

NN (NASDAQ:NNBR) last released its quarterly earnings results on Wednesday, August 7th. The industrial products company reported ($0.02) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.03. The company had revenue of $122.99 million for the quarter, compared to analysts’ expectations of $123.59 million. NN had a negative net margin of 8.38% and a negative return on equity of 7.70%. During the same period last year, the company earned ($0.08) EPS. As a group, equities research analysts anticipate that NN, Inc. will post -0.16 EPS for the current fiscal year.

About NN

NN, Inc, together with its subsidiaries, designs, manufactures, and sells high-precision components and assemblies for various end markets in the United States and internationally. It operates through two segments, Mobile Solutions and Power Solutions. The Mobile Solutions segment manufactures and sells system critical components for automotive, general industrial, and medical end markets for use in power steering, braking, transmissions, gasoline fuel system, diesel injection, and diesel emissions treatment applications, as well as in heating, ventilation, and air conditioning.