MetLife Investment Management LLC Has $34,000 Stock Holdings in NN, Inc. (NASDAQ:NNBR)

MetLife Investment Management LLC lowered its position in shares of NN, Inc. (NASDAQ:NNBR) by 26.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,771 shares of the industrial products company’s stock after selling 3,131 shares during the quarter. MetLife Investment Management LLC’s holdings in NN were worth $34,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Moss Adams Wealth Advisors LLC acquired a new stake in NN during the 3rd quarter valued at $43,000. BNP Paribas Financial Markets grew its position in NN by 41.4% in the third quarter. BNP Paribas Financial Markets now owns 11,103 shares of the industrial products company’s stock valued at $43,000 after acquiring an additional 3,251 shares during the last quarter. SG Americas Securities LLC bought a new position in NN in the third quarter valued at about $60,000. The Manufacturers Life Insurance Company acquired a new stake in shares of NN during the second quarter valued at about $61,000. Finally, Rhumbline Advisers lifted its stake in shares of NN by 3,510.9% in the second quarter. Rhumbline Advisers now owns 53,983 shares of the industrial products company’s stock worth $162,000 after acquiring an additional 52,488 shares during the period. Institutional investors and hedge funds own 53.92% of the company’s stock.

NN Price Performance

Shares of NNBR opened at $4.00 on Wednesday. NN, Inc. has a 52-week low of $2.84 and a 52-week high of $5.40. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.18 and a current ratio of 1.96. The business’s 50 day moving average price is $3.86 and its two-hundred day moving average price is $3.60. The firm has a market cap of $199.78 million, a PE ratio of -3.67 and a beta of 2.97.

NN Company Profile

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.